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Recommendations
RenaissanceRe price target raised to $229 from $190 at Wells Fargo » 08:21
06/04/20
06/04
08:21
06/04/20
08:21
RNR

RenaissanceRe

$186.97 /

+13.66 (+7.88%)

Wells Fargo analyst Elyse…

Wells Fargo analyst Elyse Greenspan raised the firm's price target on RenaissanceRe to $229 from $190 to account for the recent equity offering. The analyst keeps an Overweight rating on the shares.

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RNR RenaissanceRe
$186.97 /

+13.66 (+7.88%)

RNR RenaissanceRe
$186.97 /

+13.66 (+7.88%)

06/02/20 Credit Suisse
W. R. Berkley unlikely to raise capital after RenaissanceRe, says Credit Suisse
01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
RNR RenaissanceRe
$186.97 /

+13.66 (+7.88%)

  • 03
    Jun
Syndicate
RenaissanceRe 5.5M share Spot Secondary priced at $166.00 » 19:50
06/02/20
06/02
19:50
06/02/20
19:50
RNR

RenaissanceRe

$173.31 /

+8.41 (+5.10%)

The deal priced below the…

The deal priced below the last closing price of $173.53. Morgan Stanley and Goldman Sachs are acting as joint book running managers for the offering.

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RNR RenaissanceRe
$173.31 /

+8.41 (+5.10%)

RNR RenaissanceRe
$173.31 /

+8.41 (+5.10%)

06/02/20 Credit Suisse
W. R. Berkley unlikely to raise capital after RenaissanceRe, says Credit Suisse
01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
RNR RenaissanceRe
$173.31 /

+8.41 (+5.10%)

Recommendations
W. R. Berkley unlikely to raise capital after RenaissanceRe, says Credit Suisse » 11:45
06/02/20
06/02
11:45
06/02/20
11:45
WRB

W. R. Berkley

$58.72 /

+0.76 (+1.31%)

, RNR

RenaissanceRe

$169.65 /

+4.75 (+2.88%)

In light of…

In light of RenaissanceRe's (RNR) capital raise this morning, Credit Suisse analyst Michael Zaremski asked W. R. Berkley (WRB) CEO Rob Berkley whether growing premium volumes within the excess and surplus lines marketplace, combined with broader commercial property and casualty pricing momentum, could cause his company to need more equity capital. Berkley stated that he couldn't think of a situation where the capital the company is generating would not be adequate, even if growth were to ramp up significantly, Zaremski tells investors in a research note. As such, the analyst believes W. R. Berkley is unlikely to follow RenaissanceRe in raising capital. Zaremski keeps an Outperform rating on the shares with a $65 price target.

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WRB W. R. Berkley
$58.72 /

+0.76 (+1.31%)

RNR RenaissanceRe
$169.65 /

+4.75 (+2.88%)

WRB W. R. Berkley
$58.72 /

+0.76 (+1.31%)

04/13/20 Deutsche Bank
W. R. Berkley upgraded to Hold from Sell at Deutsche Bank
04/08/20 RBC Capital
W. R. Berkley price target lowered to $68 from $82 at RBC Capital
01/22/20 Buckingham
W. R. Berkley upgraded to Buy ahead of 'flight to quality' at Buckingham
01/22/20 Buckingham
W. R. Berkley upgraded to Buy from Neutral at Buckingham
RNR RenaissanceRe
$169.65 /

+4.75 (+2.88%)

01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
11/12/19 JPMorgan
RenaissanceRe assumed with an Underweight from Neutral at JPMorgan
WRB W. R. Berkley
$58.72 /

+0.76 (+1.31%)

RNR RenaissanceRe
$169.65 /

+4.75 (+2.88%)

Syndicate
RenaissanceRe announces public offering of 5.5M common shares » 07:27
06/02/20
06/02
07:27
06/02/20
07:27
RNR

RenaissanceRe

$164.90 /

-3.05 (-1.82%)

RenaissanceRe Holdings…

RenaissanceRe Holdings announced that it has commenced an underwritten public offering of 5.5M of its common shares. The company said in a release, "State Farm Mutual Automobile Insurance Company, which currently owns approximately 4.4% of RenaissanceRe's total common shares outstanding, has entered into an investment agreement to purchase, subject to the consummation of the underwritten public offering and other customary conditions, approximately $75M of the company's common shares at the public offering price per share in a concurrent private placement exempt from the registration requirements of the U.S. Securities Act of 1933, as amended." Morgan Stanley and Goldman Sachs are acting as joint book-running managers and representatives of the underwriters for the offering.

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RNR RenaissanceRe
$164.90 /

-3.05 (-1.82%)

RNR RenaissanceRe
$164.90 /

-3.05 (-1.82%)

01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
11/12/19 JPMorgan
RenaissanceRe assumed with an Underweight from Neutral at JPMorgan
RNR RenaissanceRe
$164.90 /

-3.05 (-1.82%)

Conference/Events
RenaissanceRe participates in a conference call with UBS » 09:19
05/14/20
05/14
09:19
05/14/20
09:19
RNR

RenaissanceRe

$156.32 /

-4.68 (-2.91%)

Financial Services…

Financial Services Analyst Meredith holds a conference call with management on May 14 at 11 am hosted by UBS.

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RNR RenaissanceRe
$156.32 /

-4.68 (-2.91%)

RNR RenaissanceRe
$156.32 /

-4.68 (-2.91%)

01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
11/12/19 JPMorgan
RenaissanceRe assumed with an Underweight from Neutral at JPMorgan
RNR RenaissanceRe
$156.32 /

-4.68 (-2.91%)

Earnings
RenaissanceRe reports Q1 ops EPS 76c, consensus $4.16 » 16:19
05/06/20
05/06
16:19
05/06/20
16:19
RNR

RenaissanceRe

$141.14 /

-3.64 (-2.51%)

Kevin J. O'Donnell,…

Kevin J. O'Donnell, President and Chief Executive Officer of RenaissanceRe, commented: "We extend our sympathies to all those affected by the COVID-19 pandemic and recognize the immense social, economic and health hardships that many are experiencing, as well as the tremendous sacrifices being made by medical personnel and other first responders around the world. Operationally, we are effectively working from home, and I am very proud of what our people have accomplished in such a short time and under difficult circumstances. While our financial performance in the first quarter was negatively impacted by COVID-19, we are well capitalized with ample liquidity and our core franchise remains strong. I am confident that we are prepared to meet both the challenges as well as the opportunities of this evolving situation, and will continue delivering long-term value." Due to the ongoing and rapidly evolving nature of the COVID-19 pandemic, the Company is continuing to evaluate the impact of COVID-19 on its business and to estimate all of the Company's potential reinsurance, insurance or investment exposures, or any other effects that the COVID-19 pandemic may have on its results of operations or financial condition. The Company expects losses to emerge over time as the full impact of the pandemic and its effects on the global economy are realized. A longer or more severe recession, or high unemployment levels will increase the probability of losses. Potential legislative, regulatory and judicial actions are also causing significant uncertainty with respect to policy coverage and other issues. Our loss estimate as of March 31, 2020 represents our best estimate based on currently available information, including communications received to date from cedants and brokers, portfolio and contract reviews, and other risk assessment procedures. Actual losses may vary materially from this initial estimate. Additionally, losses incurred in respect of the COVID-19 pandemic subsequent to March 31, 2020 will be reflected in the periods in which those losses are incurred.

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RNR RenaissanceRe
$141.14 /

-3.64 (-2.51%)

01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
11/12/19 JPMorgan
RenaissanceRe assumed with an Underweight from Neutral at JPMorgan
Over a quarter ago
Hot Stocks
RenaissanceRe raises quarterly dividend to 35c from 34c per share » 16:05
02/07/20
02/07
16:05
02/07/20
16:05
RNR

RenaissanceRe

$198.24 /

+1.97 (+1.00%)

The dividend is payable…

The dividend is payable on March 31, 2020, to shareholders of record on March 13, 2020.

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RNR RenaissanceRe
$198.24 /

+1.97 (+1.00%)

01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
11/12/19 JPMorgan
RenaissanceRe assumed with an Underweight from Neutral at JPMorgan
Earnings
RenaissanceRe reports Q4 EPS 77c, consensus 75c » 17:25
02/04/20
02/04
17:25
02/04/20
17:25
RNR

RenaissanceRe

$194.07 /

+2.475 (+1.29%)

Reports Q4 Book value per…

Reports Q4 Book value per common share increased 46c, or 0.4%, to $120.53. Kevin J. O'Donnell, President and CEO of RenaissanceRe, commented: "I am pleased with our performance this year as we materially grew tangible book value per share plus accumulated dividends and earned a robust operating return on equity. We successfully executed our strategy by organically growing our business while efficiently integrating Tokio Millennium Re. Looking forward, I am excited about our opportunities to build a bigger and more attractive portfolio and am confident in our ability to continue delivering long-term value."

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RNR RenaissanceRe
$194.07 /

+2.475 (+1.29%)

01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
11/12/19 JPMorgan
RenaissanceRe assumed with an Underweight from Neutral at JPMorgan
Hot Stocks
RenaissanceRe appoints Ann Manal as Chief Human Resources Officer » 09:34
02/03/20
02/03
09:34
02/03/20
09:34
RNR

RenaissanceRe

$189.39 /

-3.74 (-1.94%)

RenaissanceRe announced…

RenaissanceRe announced that Ann Manal has joined the company as Chief Human Resources Officer responsible for overseeing the global HR Function. She will be based at the company's Bermuda headquarters.

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RNR RenaissanceRe
$189.39 /

-3.74 (-1.94%)

01/21/20 Citi
RenaissanceRe initiated with a Neutral at Citi
12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
11/12/19 JPMorgan
RenaissanceRe assumed with an Underweight from Neutral at JPMorgan
Initiation
RenaissanceRe initiated with a Neutral at Citi » 05:32
01/21/20
01/21
05:32
01/21/20
05:32
RNR

RenaissanceRe

$193.19 /

+0.235 (+0.12%)

Citi analyst Suneet…

Citi analyst Suneet Kamath initiated coverage of RenaissanceRe with a Neutral rating and $192 price target. The analyst initiated coverage on 11 U.S. Property and Casualty insurers with a neutral sector view. His Neutral rating on RenaissanceRe reflects valuation and mixed reinsurance pricing trends.

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RNR RenaissanceRe
$193.19 /

+0.235 (+0.12%)

12/16/19 Wells Fargo
Wells Fargo upgrades RenaissanceRe to Overweight with $220 price target
12/16/19 Wells Fargo
RenaissanceRe upgraded to Overweight from Equal Weight at Wells Fargo
11/12/19 JPMorgan
RenaissanceRe assumed with an Underweight from Neutral at JPMorgan
07/16/19 Deutsche Bank
RenaissanceRe downgraded to Hold on valuation at Deutsche Bank

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