RenaissanceRe (RNR) Stock Forecast, Price Target & Predictions

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RNR Stock Forecast

RenaissanceRe stock forecast is as follows: an average price target of $281.00 (represents a 6.19% upside from RNR’s last price of $264.61) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

RNR Price Target

The average price target for RenaissanceRe (RNR) is $281.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $391.00 to $229.00. This represents a potential 6.19% upside from RNR's last price of $264.61.

RNR Analyst Ratings

Buy

According to 8 Wall Street analysts, RenaissanceRe's rating consensus is 'Buy'. The analyst rating breakdown for RNR stock is 0 'Strong Buy' (0.00%), 5 'Buy' (62.50%), 3 'Hold' (37.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

RenaissanceRe Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 10, 2024	Joshua Shanker	Bank of America Securities	$391.00	$273.82	42.79%	47.76%
Oct 09, 2024	David Motemaden	Evercore ISI	$229.00	$261.47	-12.42%	-13.46%
Sep 23, 2024	Cathy Seifert	CFRA	$305.00	$264.55	15.29%	15.26%
Sep 04, 2024	Alex Scott	Barclays	$287.00	$259.04	10.79%	8.46%
Jul 29, 2024	Yaron Kinar	Jefferies	$270.00	$226.94	18.97%	2.04%
Jul 10, 2024	Bob Huang	Morgan Stanley	$240.00	$217.28	10.46%	-9.30%
Feb 02, 2023	-	Wells Fargo	$245.00	$209.53	16.93%	-7.41%
Nov 29, 2022	-	Wells Fargo	$200.00	$187.37	6.74%	-24.42%
Nov 22, 2022	-	Morgan Stanley	$195.00	$183.69	6.16%	-26.31%
Jul 12, 2022	Yaron Kinar	Jefferies	$162.00	$150.66	7.53%	-38.78%

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The latest RenaissanceRe stock forecast, released on Oct 10, 2024 by Joshua Shanker from Bank of America Securities, set a price target of $391.00, which represents a 42.79% increase from the stock price at the time of the forecast ($273.82), and a 47.76% increase from RNR last price ($264.61).

RenaissanceRe Price Target by Period

	1M	3M	12M
# Anlaysts	-	4	6
Avg Price Target	-	$303.00	$287.00
Last Closing Price	$264.61	$264.61	$264.61
Upside/Downside	-100.00%	14.51%	8.46%

In the current month, the average price target of RenaissanceRe stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to RenaissanceRe's last price of $264.61. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 09, 2024	Evercore ISI	Underperform	Underperform	Hold
Oct 09, 2024	Jefferies	Buy	Buy	Hold
Sep 23, 2024	CFRA	Buy	Buy	Hold
Sep 10, 2024	Citigroup	Buy	Buy	Hold
Sep 04, 2024	Barclays	-	Equal-Weight	Initialise
Jul 29, 2024	Jefferies	Buy	Buy	Hold
Jul 10, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
Jul 11, 2023	Janney Montgomery	-	Neutral	Initialise
Jul 11, 2023	BMO Capital	-	Outperform	Upgrade
Feb 02, 2023	Wells Fargo	Overweight	Overweight	Hold

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RenaissanceRe's last stock rating was published by Evercore ISI on Oct 09, 2024. The company gave RNR a "Underperform" rating, the same as its previous rate.

RenaissanceRe Financial Forecast

RenaissanceRe Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.84B	$1.85B	$2.21B	$2.02B	$1.28B	$859.59M	$882.81M	$1.39B	$1.54B	$1.47B	$867.46M	$1.40B	$1.33B	$1.54B	$891.70M	$1.10B	$1.05B
Avg Forecast	$2.20B	$2.35B	$3.20B	$3.65B	$2.46B	$2.56B	$3.01B	$3.22B	$2.39B	$2.35B	$2.91B	$3.05B	$1.83B	$1.86B	$1.96B	$2.14B	$1.46B	$1.66B	$1.65B	$1.80B	$1.17B	$1.20B	$1.38B	$1.39B	$984.38M	$906.14M	$1.06B	$1.17B	$535.66M	$574.66M
High Forecast	$2.34B	$2.50B	$3.41B	$3.89B	$2.62B	$2.73B	$3.21B	$3.28B	$2.47B	$2.36B	$2.91B	$3.05B	$2.03B	$2.09B	$2.09B	$2.28B	$1.55B	$1.66B	$1.65B	$1.80B	$1.17B	$1.20B	$1.38B	$1.39B	$984.38M	$906.14M	$1.06B	$1.17B	$535.66M	$574.66M
Low Forecast	$2.11B	$2.26B	$3.08B	$3.51B	$2.37B	$2.47B	$2.89B	$3.20B	$2.36B	$2.34B	$2.91B	$3.05B	$1.66B	$1.58B	$1.89B	$2.06B	$1.40B	$1.66B	$1.65B	$1.80B	$1.17B	$1.20B	$1.38B	$1.39B	$984.38M	$906.14M	$1.06B	$1.17B	$535.66M	$574.66M
# Analysts	1	1	1	1	1	1	1	3	3	1	2	2	4	3	1	1	1	1	1	1	1	1	1	1	1	16	8	11	7	11
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	0.94%	1.03%	1.39%	0.77%	0.52%	0.49%	1.19%	1.28%	1.07%	0.63%	1.42%	1.46%	1.45%	0.76%	2.05%	1.82%

RenaissanceRe's average Quarter revenue forecast for Dec 23 based on 4 analysts is $1.83B, with a low forecast of $1.66B, and a high forecast of $2.03B. RNR's average Quarter revenue forecast represents a -0.48% decrease compared to the company's last Quarter revenue of $1.84B (Sep 23).

RenaissanceRe EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	2	2	4	3	1	1	1	1	1	1	1	1	1	1	1	16	8	11	7	11
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$8.33K	$8.79K	$881.33M	$428.40M	$-811.65M	$-272.90M	$-355.09M	$245.68M	$-460.58M	$480.13M	$-289.50M	$217.59M	$65.29M	$620.73M	$-71.24M	$23.28M	$54.42M
Avg Forecast	$233.12M	$249.01M	$339.20M	$386.87M	$261.01M	$271.97M	$319.16M	$341.73M	$253.65M	$249.56M	$308.28M	$-624.90M	$193.79M	$196.82M	$208.16M	$-568.09M	$266.17M	$122.41M	$121.24M	$-449.08M	$85.74M	$88.17M	$101.10M	$-472.25M	$72.38M	$66.62M	$78.07M	$-116.52M	$39.38M	$42.25M
High Forecast	$248.48M	$265.42M	$361.55M	$412.37M	$278.22M	$289.90M	$340.20M	$347.52M	$262.31M	$250.65M	$308.28M	$-499.92M	$214.93M	$221.72M	$221.88M	$-454.47M	$319.40M	$122.41M	$121.24M	$-359.27M	$85.74M	$88.17M	$101.10M	$-377.80M	$72.38M	$66.62M	$78.07M	$-93.22M	$39.38M	$42.25M
Low Forecast	$224.20M	$239.48M	$326.22M	$372.07M	$251.02M	$261.57M	$306.95M	$339.42M	$250.19M	$248.48M	$308.28M	$-749.88M	$176.17M	$167.31M	$200.19M	$-681.71M	$212.94M	$122.41M	$121.24M	$-538.90M	$85.74M	$88.17M	$101.10M	$-566.70M	$72.38M	$66.62M	$78.07M	$-139.83M	$39.38M	$42.25M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	-1.55%	1.61%	-6.63%	-2.25%	0.79%	2.87%	-5.22%	4.75%	0.61%	3.01%	0.98%	7.95%	0.61%	0.59%	1.29%

4 analysts predict RNR's average Quarter EBITDA for Dec 23 to be $193.79M, with a high of $214.93M and a low of $176.17M. This is 2326265.35% upper than RenaissanceRe's previous annual EBITDA (Sep 23) of $8.33K.

RenaissanceRe Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	2	2	4	3	1	1	1	1	1	1	1	1	1	1	1	16	8	11	7	11
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$435.12M	$386.66M	$840.29M	$693.33M	$-1.19B	$-266.74M	$-397.48M	$288.28M	$-440.38M	$464.11M	$-283.64M	$197.10M	$55.09M	$583.13M	$-72.92M	$42.96M	$107.94M
Avg Forecast	$499.24M	$248.94M	$601.91M	$555.88M	$484.97M	$231.54M	$543.34M	$515.13M	$305.82M	$409.69M	$546.56M	$-694.10M	$424.92M	$336.11M	$385.84M	$-631.00M	$238.09M	$-415.86M	$264.80M	$-498.82M	$229.08M	$-467.46M	$245.60M	$-462.70M	$-99.48M	$-108.98M	$122.09M	$-119.26M	$38.65M	$52.33M
High Forecast	$542.02M	$270.27M	$653.48M	$603.50M	$526.53M	$251.38M	$589.89M	$535.42M	$343.79M	$444.79M	$546.56M	$-555.28M	$443.73M	$470.78M	$418.90M	$-504.80M	$285.71M	$-415.86M	$264.80M	$-399.05M	$229.08M	$-467.46M	$245.60M	$-370.16M	$-99.48M	$-108.98M	$122.09M	$-95.41M	$38.65M	$52.33M
Low Forecast	$474.41M	$236.55M	$571.97M	$528.22M	$460.85M	$220.02M	$516.31M	$500.04M	$255.72M	$389.31M	$546.56M	$-832.92M	$409.24M	$191.98M	$366.64M	$-757.20M	$190.47M	$-415.86M	$264.80M	$-598.58M	$229.08M	$-467.46M	$245.60M	$-555.24M	$-99.48M	$-108.98M	$122.09M	$-143.12M	$38.65M	$52.33M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.29%	1.00%	-1.33%	2.91%	2.86%	-1.01%	0.80%	1.26%	0.94%	1.89%	0.61%	-1.98%	-0.51%	4.78%	0.61%	1.11%	2.06%

RenaissanceRe's average Quarter net income forecast for Dec 23 is $424.92M, with a range of $409.24M to $443.73M. RNR's average Quarter net income forecast represents a -2.34% decrease compared to the company's last Quarter net income of $435.12M (Sep 23).

RenaissanceRe SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	2	2	4	3	1	1	1	1	1	1	1	1	1	1	1	16	8	11	7	11
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$90.32M	$83.24M	$74.94M	$84.87M	$80.41M	$50.10M	$69.19M	$68.33M	$65.72M	$62.13M	$97.09M	$60.98M	$83.45M	$82.21M	$67.26M
Avg Forecast	$111.02M	$118.59M	$161.54M	$184.25M	$124.31M	$129.53M	$152.00M	$162.75M	$120.80M	$118.85M	$146.82M	$153.97M	$92.29M	$93.73M	$99.13M	$108.00M	$54.28M	$97.84M	$96.90M	$105.92M	$68.53M	$70.47M	$80.80M	$107.20M	$57.84M	$53.25M	$62.39M	$136.49M	$31.48M	$33.77M
High Forecast	$118.34M	$126.41M	$172.19M	$196.39M	$132.50M	$138.06M	$162.02M	$165.51M	$124.92M	$119.37M	$146.82M	$153.97M	$102.36M	$105.59M	$105.67M	$115.12M	$65.13M	$97.84M	$96.90M	$105.92M	$68.53M	$70.47M	$80.80M	$128.64M	$57.84M	$53.25M	$62.39M	$163.79M	$31.48M	$33.77M
Low Forecast	$106.77M	$114.05M	$155.36M	$177.20M	$119.55M	$124.57M	$146.18M	$161.65M	$119.15M	$118.34M	$146.82M	$153.97M	$83.90M	$79.68M	$95.34M	$103.87M	$43.42M	$97.84M	$96.90M	$105.92M	$68.53M	$70.47M	$80.80M	$85.76M	$57.84M	$53.25M	$62.39M	$109.19M	$31.48M	$33.77M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.84%	1.53%	0.77%	0.88%	0.76%	0.73%	0.98%	0.85%	0.61%	1.07%	1.82%	0.98%	0.61%	2.61%	1.99%

RenaissanceRe's average Quarter SG&A projection for Jun 23 is $99.13M, based on 1 Wall Street analysts, with a range of $95.34M to $105.67M. The forecast indicates a 9.76% rise compared to RNR last annual SG&A of $90.32M (Mar 23).

RenaissanceRe EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	2	2	4	3	1	1	1	1	1	1	1	1	1	1	1	16	8	11	7	11
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$8.66	$8.42	$19.60	$16.20	$-27.75	$-6.18	$-9.17	$6.45	$-13.82	$9.36	$-6.67	$3.75	$1.49	$12.64	$0.58	$0.77	$2.48
Avg Forecast	$9.77	$4.87	$11.78	$10.88	$9.49	$4.53	$10.63	$10.08	$5.98	$8.02	$10.70	$9.48	$8.31	$6.58	$7.55	$7.38	$6.48	$-8.03	$5.11	$4.76	$4.42	$-9.02	$4.74	$0.49	$-1.92	$-2.10	$2.36	$4.07	$0.75	$1.01
High Forecast	$10.61	$5.29	$12.79	$11.81	$10.30	$4.92	$11.54	$10.48	$6.73	$8.70	$10.70	$9.50	$8.68	$9.21	$8.20	$8.01	$7.03	$-8.03	$5.11	$4.76	$4.42	$-9.02	$4.74	$0.49	$-1.92	$-2.10	$2.36	$4.07	$0.75	$1.01
Low Forecast	$9.28	$4.63	$11.19	$10.34	$9.02	$4.31	$10.10	$9.78	$5.00	$7.62	$10.70	$9.46	$8.01	$3.76	$7.17	$7.01	$6.15	$-8.03	$5.11	$4.76	$4.42	$-9.02	$4.74	$0.49	$-1.92	$-2.10	$2.36	$4.07	$0.75	$1.01
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.32%	1.12%	2.66%	2.50%	3.46%	-1.21%	-1.93%	1.46%	1.53%	1.97%	-13.65%	-1.95%	-0.71%	5.36%	0.14%	1.03%	2.46%

According to 4 Wall Street analysts, RenaissanceRe's projected average Quarter EPS for Dec 23 is $8.31, with a low estimate of $8.01 and a high estimate of $8.68. This represents a -3.99% decrease compared to RNR previous annual EPS of $8.66 (Sep 23).

RenaissanceRe Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
RNR	RenaissanceRe	$264.61	$281.00	6.19%	Buy
RE	Everest Group	$351.28	$359.75	2.41%	Buy
RGA	Reinsurance Group of America	$227.22	$194.63	-14.34%	Buy

RNR Forecast FAQ

Is RenaissanceRe a good buy?

Yes, according to 8 Wall Street analysts, RenaissanceRe (RNR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 62.50% of RNR's total ratings.

What is RNR's price target?

RenaissanceRe (RNR) average price target is $281 with a range of $229 to $391, implying a 6.19% from its last price of $264.61. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will RenaissanceRe stock go up soon?

According to Wall Street analysts' prediction for RNR stock, the company can go up by 6.19% (from the last price of $264.61 to the average price target of $281), up by 47.76% based on the highest stock price target, and down by -13.46% based on the lowest stock price target.

Can RenaissanceRe stock reach $400?

RNR's average twelve months analyst stock price target of $281 does not support the claim that RenaissanceRe can reach $400 in the near future.

What are RenaissanceRe's analysts' financial forecasts?

RenaissanceRe's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $11.26B (high $11.84B, low $10.93B), average EBITDA is $1.19B (high $1.26B, low $1.16B), average net income is $1.77B (high $1.9B, low $1.7B), average SG&A $568.59M (high $598.09M, low $551.95M), and average EPS is $34.73 (high $37.24, low $33.21). RNR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $11.39B (high $12.14B, low $10.96B), average EBITDA is $1.21B (high $1.29B, low $1.16B), average net income is $1.91B (high $2.07B, low $1.81B), average SG&A $575.4M (high $613.33M, low $553.39M), and average EPS is $37.3 (high $40.49, low $35.44).

Did the RNR's actual financial results beat the analysts' financial forecasts?

Based on RenaissanceRe's last annual report (Dec 2023), the company's revenue was $24.04M, which missed the average analysts forecast of $7.78B by -99.69%. Apple's EBITDA was $2.53B, beating the average prediction of $30.67M by 8135.46%. The company's net income was $2.53B, beating the average estimation of $515.86M by 389.62%. Apple's SG&A was $0, missing the average forecast of $393.16M by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $29.82 by -100.00%. In terms of the last quarterly report (Sep 2023), RenaissanceRe's revenue was $1.84B, missing the average analysts' forecast of $1.86B by -1.07%. The company's EBITDA was $8.33K, missing the average prediction of $196.82M by -100.00%. RenaissanceRe's net income was $435.12M, beating the average estimation of $336.11M by 29.46%. The company's SG&A was $0, missing the average forecast of $93.73M by -100.00%. Lastly, the company's EPS was $8.66, beating the average prediction of $6.58 by 31.67%