RenaissanceRe Holdings Ltd. (NYSE:RNR) is set to announce second quarter earning results on Tuesday 28th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, RNR to report 2Q20 income of $ 2.38 per share.
For the full year, analysts anticipate top line of $ 4012.63 million, while looking forward to income of $ 6.46 per share bottom line.
Previous Quarter Performance
RenaissanceRe Holdings Ltd. unveiled income for the first quarter of $ 0.76 per share, from the revenue of $ 896.26 million. The quarterly earnings down 78.89 percent while revenues increased 11.04 percent compared with the same quarter last year.
Wall street analysts are predicting, RNR to report 1Q20 income of $ 4.16 per share from revenue of $ 1097.28 million. The bottom line results missed street analysts by $ 3.4 or 81.73 percent, at the same time, top line results fell short of analysts by $ 201.02 million or 18.32 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RNR was $ 177.19, representing a 56.43 % increase from the 52 week low of $ 113.27 and a 12.58 % decrease over the 52 week high of $ 202.68.
The company has a market capital of $ 9.00 billion and is part of the Financial Services sector and Insurance – Reinsurance industry.
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Recent Analyst recommendations
- On 5th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 205.00 target price.
- On 4th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 229.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.35 per share on May 19, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments.
