Press coverage about RenaissanceRe Holdings (NYSE:RNR) has been trending somewhat positive this week, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. RenaissanceRe Holdings earned a media sentiment score of 0.15 on AlphaOne’s scale. AlphaOne also gave media stories about the insurance provider an impact score of 89 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Alpha One Sentiment Analysis’s rankings:
- RenaissanceRe Holdings Ltd. : RNR-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 15, 2017 (finance.yahoo.com)
- RenaissanceRe Holdings Ltd. breached its 50 day moving average in a Bearish Manner : RNR-US : June 14, 2017 (finance.yahoo.com)
- RenaissanceRe Holdings Ltd. (RNR) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- ETFs with exposure to RenaissanceRe Holdings Ltd. : June 12, 2017 (finance.yahoo.com)
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded RenaissanceRe Holdings from a “sell” rating to a “hold” rating in a research note on Monday, February 27th. ValuEngine upgraded RenaissanceRe Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. upped their price objective on RenaissanceRe Holdings from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, April 7th. BidaskClub cut RenaissanceRe Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Wells Fargo & Company restated a “hold” rating on shares of RenaissanceRe Holdings in a research note on Sunday, April 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $136.95.
Shares of RenaissanceRe Holdings (NYSE:RNR) traded down 0.04% on Monday, hitting $141.88. The stock had a trading volume of 90,739 shares. The stock has a 50 day moving average price of $140.18 and a 200-day moving average price of $140.43. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 13.22 and a beta of 0.61. RenaissanceRe Holdings has a 12-month low of $111.48 and a 12-month high of $150.74.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, June 13th. RenaissanceRe Holdings’s payout ratio is currently 11.94%.
In other RenaissanceRe Holdings news, SVP Stephen Howard Weinstein sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $143.19, for a total transaction of $2,004,660.00. Following the completion of the sale, the senior vice president now directly owns 75,162 shares of the company’s stock, valued at approximately $10,762,446.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin Odonnell sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $141.64, for a total value of $991,480.00. Following the sale, the chief executive officer now directly owns 222,854 shares of the company’s stock, valued at $31,565,040.56. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock valued at $4,006,940 over the last three months. Company insiders own 1.80% of the company’s stock.
RenaissanceRe Holdings Company Profile
RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Company’s products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. Its segments include Property; Casualty and Specialty, and Other category.
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