Loading, Please wait ...

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

RNR.N

ISIN: BMG7496G1033
SEDOL: 2728429

Rating:

BUY

Target Price:

53.82 USD

Investment Horizon:

6 to 12 months
30th Apr 2009 View Report   Download

1Q 09 News Alert

RenaissanceRe Holdings Ltd.’s (RenaissanceRe) 1Q 09 adjusted total revenues exceeded our estimate, reflecting higher-than-expected net premiums earned and net investment income. Bottomline also exceeded our forecast in 1Q 09 as the impact of higher-than-expected top-line was only partially limited by higher-than-expected total claims and underwriting expenses. Going forward, we believe that the Reinsurance segment’s impressive premium performance…

16th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

Although we are encouraged by the stable outlook for the reinsurance industry given by S&P;, A.M. Best and Moody’s, and despite an expectation that hardening of premium rates in some lines will provide a degree of support to top-line, we believe the impact of prevailing economic conditions and the 12.8% y-o-y reduction in the company’s capital in FY 2008 will impose restrictions on the company’s ability to write new business, leading to an overall reduction in business....

12th Feb 2009 View Report   Download

4Q 08 & FY 2008 News Alert

CLICK VIEW REPORT TO READ FREE REPORT

RenaissanceRe Holdings Ltd.’s (RenaissanceRe) 4Q 08 adjusted1 total revenues were lower than our estimate as the company reported significant net investment losses. Lower-than-expected top-line and higher-than-expected minority interest expenses led adjusted net income to fall lower than our estimate. However, premiums well exceeded expectations and we believe that hardening…

7th Jan 2009 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

On 06 January 2009, RenaissanceRe Holdings Ltd.’s (RenaissanceRe) NYSE common stock price achieved our target price, reflecting broader market movements in global indices. As the current target price no longer supports a BUY rating, we are downgrading the NYSE common stock from a BUY to a HOLD. We will reassess our target price and rating in our next full update report, once the company issues its 4Q 08 and FY 2008 results. As we expect…

1st Dec 2008 View Report   Download

3Q 08 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

RenaissanceRe Holdings Ltd.’s (RenaissanceRe) adjusted4 total revenues were significantly higher than our expectations as a result of stronger-than-expected y-o-y premium growth partially offset by lower-than-expected net investment income. Adjusted net loss was higherthan- expected as loss expenses escalated. We expect the impact of improvement in premium rates following recent large catastrophe and investment losses to be…