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The high-quality value of RenaissanceRe Holdings Ltd. (RNR) Stock is hidden beneath the surface

BMO Capital Markets raised the price target for the RenaissanceRe Holdings Ltd. (NYSE:RNR) stock to “a Market perform”. The rating was released on January 20, 2023, according to finviz. We previously noted in another research note published on July 12, 2022 by Jefferies that downgraded the stock from a Buy to a Hold with a price target of $162 for RNR stock. The research report from Jefferies has initiated the stock to Buy, with a price target set at $192. The stock was upgraded by BofA Securities, who disclosed in a research note on November 08, 2021, from Neutral to Buy and set the price objective to $218. In their research brief published January 08, 2021, Goldman analysts upgraded the RenaissanceRe Holdings Ltd. stock from Neutral to Buy with a price target of $199.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of RenaissanceRe Holdings Ltd. (NYSE:RNR) dipped -4.03% to close Friday’s market session at $188.99, lower as compared to yesterday’s close. The stock price fluctuated between $187.165 and $196.86 throughout the trading session with the volume trading being 671755 shares, which represented a significant variation when compared to the three months average volume of 331.49K shares. The firm’s stock price fluctuated -2.73% within the last five trades and -12.11% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 24.42% in the last 6 months and 4.19% was added to its value over the previous 3 months. RNR stock is trading at a margin of -8.54%, -6.92% and 13.88% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, RNR deals in the Financial domain. The stock is trading -15.55 percent below its 52-week high and 52.19 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 28.23. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does RenaissanceRe Holdings Ltd.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at -22.00 percent and the profit margin is -21.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $8.61 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 6.58. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.69 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.77, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of RenaissanceRe Holdings Ltd. shares are owned by insiders, and 99.20 percent are held by financial institutions. Sanders Carol P, the Director at RenaissanceRe Holdings Ltd. (RNR) has sold 1,515 shares of firm on Feb 16 at a price of $211.32 against the total amount of $0.32 million. In another inside trade, Brosnan Sean G, SVP, Chief Investment Officer of RenaissanceRe Holdings Ltd. (NYSE:RNR) sold 850 shares of the firm on Nov 29 for a total worth of $0.16 million at a price of $187.74. An inside trade which took place on Aug 10, Director of RenaissanceRe Holdings Ltd. Gray Brian Gerald John bought 7,500 shares of firm against total price of $0.98 million at the cost of $130.62 per share.



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