Wells Fargo & Company Cuts RenaissanceRe (NYSE:RNR) Price Target to $305.00

RenaissanceRe (NYSE:RNR) had its target price reduced by investment analysts at Wells Fargo & Company from $306.00 to $305.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 1.74% from the company’s current price.

A number of other research analysts also recently commented on RNR. The Goldman Sachs Group reiterated a “sell” rating and issued a $267.00 price objective on shares of RenaissanceRe in a report on Wednesday, January 7th. Weiss Ratings restated a “buy (b)” rating on shares of RenaissanceRe in a research note on Friday, March 27th. Cantor Fitzgerald upgraded shares of RenaissanceRe from a “neutral” rating to an “overweight” rating and increased their price target for the company from $306.00 to $340.00 in a research note on Thursday. Mizuho raised their price objective on shares of RenaissanceRe from $277.00 to $313.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Evercore boosted their price objective on shares of RenaissanceRe from $283.00 to $291.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $309.50.

RenaissanceRe Stock Up 1.1%

Shares of RNR traded up $3.32 during midday trading on Thursday, reaching $310.40. The stock had a trading volume of 27,319 shares, compared to its average volume of 370,488. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 0.70 and a beta of 0.24. The company’s fifty day simple moving average is $297.37 and its two-hundred day simple moving average is $275.97. RenaissanceRe has a 1-year low of $222.75 and a 1-year high of $315.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 1.43.

RenaissanceRe (NYSE:RNR) last issued its earnings results on Tuesday, February 3rd. The insurance provider reported $13.34 EPS for the quarter, topping analysts’ consensus estimates of $10.59 by $2.75. RenaissanceRe had a net margin of 20.88% and a return on equity of 18.29%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm posted $8.06 earnings per share. The company’s revenue was up 29.6% compared to the same quarter last year. Equities research analysts expect that RenaissanceRe will post 26.04 earnings per share for the current year.

Insider Buying and Selling at RenaissanceRe

In related news, EVP Robert Qutub sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $305.75, for a total transaction of $1,528,750.00. Following the transaction, the executive vice president owned 73,023 shares of the company’s stock, valued at $22,326,782.25. This trade represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Consulate Inc. purchased a new stake in shares of RenaissanceRe during the third quarter worth approximately $29,000. Farther Finance Advisors LLC increased its stake in RenaissanceRe by 151.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 131 shares of the insurance provider’s stock valued at $33,000 after buying an additional 79 shares during the period. Quarry LP raised its position in RenaissanceRe by 65.0% during the 3rd quarter. Quarry LP now owns 132 shares of the insurance provider’s stock worth $34,000 after buying an additional 52 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in RenaissanceRe by 235.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 134 shares of the insurance provider’s stock worth $34,000 after buying an additional 94 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of RenaissanceRe in the 3rd quarter worth $36,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting RenaissanceRe

Here are the key news stories impacting RenaissanceRe this week:

• Positive Sentiment: Cantor Fitzgerald upgraded RNR from “neutral” to “overweight” and set a $340 price target (~10.7% above the cited price), providing a clear buy signal that likely drew buying interest. Finviz upgrade note
• Positive Sentiment: Barclays lifted its target to $341 (equal-weight), representing roughly an 11% upside versus the cited price — a sizeable target increase from a large shop that supports further price appreciation. Barclays target raise
• Positive Sentiment: Keefe, Bruyette & Woods published positive forecasts and recently raised its target (from $323 to $327), continuing a pattern of upward revisions by insurance-focused analysts that bolsters investor confidence. Keefe Bruyette & Woods coverage
• Positive Sentiment: Zacks highlighted RNR among property & casualty insurers likely to benefit from rising pricing and digitalization — a sector tailwind that supports improved premium trends and underwriting results. Zacks P&C industry piece
• Neutral Sentiment: UBS raised its price target to $319 but kept a “neutral” rating, signaling modest upside without a full endorsement to buy — helpful but not decisively bullish. UBS target update
• Neutral Sentiment: Aggregated brokerage coverage summarized as an average “hold” rating — indicates broader market caution that could limit rapid multiple expansion despite several target increases. Brokerage consensus
• Neutral Sentiment: Additional analyst/commentary pieces (Zacks, CNN stock page) provide background and screening-level interest for value investors but contain no single decisive catalyst. CNN stock page

RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.