RenaissanceRe Holdings Ltd. (NYSE:RNR) provider of property and causality insurance, is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.09 per share.
Looking ahead, the full year income are expected at $ 6.79 per share on the revenues of $ 4456.19 million.
Previous Quarter Performance
RenaissanceRe Holdings Ltd. disclosed income for the second quarter of $ 4.06 per share, from the revenue of $ 1,548.00 million. The quarterly earnings dropped 15.06 percent while revenues escalated 102.14 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.38 per share from $ 1035.94 million in revenue. The bottom line results beat street analysts by $ 1.68 or 70.59 percent, at the same time, top line results outshined analysts by $ 512.06 million or 49.43 percent.
Stock Performance
Shares of RenaissanceRe Holdings Ltd. traded low $ -0.22 or -0.12 percent on Friday, reaching $ 178.22 with volume of 167.40 thousand shares. RenaissanceRe Holdings Ltd. has traded high as $ 180.62 and has cracked $ 176.29 on the downward trend
According to the previous trading day, closing price of $ 178.22, representing a 57.54 % increase from the 52 week low of $ 113.27 and a 11.96 % decrease over the 52 week high of $ 202.68.
The company has a market capital of $ 9.13 billion and is part of the Financial Services sector and Insurance – Reinsurance industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 194.00 target price.
RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments.
