RenaissanceRe (RNR) Stock Forecast, Price Target & Predictions
RNR Stock Forecast
RenaissanceRe stock forecast is as follows: an average price target of $260.50 (represents a -1.17% downside from RNR’s last price of $263.58) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
RNR Price Target
The average price target for RenaissanceRe (RNR) is $260.50 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $287.00 to $240.00. This represents a potential -1.17% downside from RNR's last price of $263.58.
RNR Analyst Ratings
According to 7 Wall Street analysts, RenaissanceRe's rating consensus is 'Buy'. The analyst rating breakdown for RNR stock is 0 'Strong Buy' (0.00%), 4 'Buy' (57.14%), 3 'Hold' (42.86%), 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 |
|---|---|---|---|---|---|---|
| Sep 04, 2024 | Alex Scott | Barclays | $287.00 | $259.04 | 10.79% | 8.89% |
| Jul 29, 2024 | Yaron Kinar | Jefferies | $270.00 | $226.94 | 18.97% | 2.44% |
| Jul 10, 2024 | Bob Huang | Morgan Stanley | $240.00 | $217.28 | 10.46% | -8.95% |
| Feb 02, 2023 | - | Wells Fargo | $245.00 | $209.53 | 16.93% | -7.05% |
| Nov 29, 2022 | - | Wells Fargo | $200.00 | $187.37 | 6.74% | -24.12% |
| Nov 22, 2022 | - | Morgan Stanley | $195.00 | $183.69 | 6.16% | -26.02% |
| Jul 12, 2022 | Yaron Kinar | Jefferies | $162.00 | $150.66 | 7.53% | -38.54% |
The latest RenaissanceRe stock forecast, released on Sep 04, 2024 by Alex Scott from Barclays, set a price target of $287.00, which represents a 10.79% increase from the stock price at the time of the forecast ($259.04), and a 8.89% increase from RNR last price ($263.58).
RenaissanceRe Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 3 |
| Avg Price Target | $287.00 | $265.67 | $265.67 |
| Last Closing Price | $263.58 | $263.58 | $263.58 |
| Upside/Downside | 8.89% | 0.79% | 0.79% |
In the current month, the average price target of RenaissanceRe stock is $287.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.89% increase as opposed to RenaissanceRe's last price of $263.58. This month's average price target is up 8.03% compared to last quarter, and up 8.03% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
| Nov 29, 2022 | Wells Fargo | Overweight | Overweight | Hold |
| Nov 22, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jul 12, 2022 | Jefferies | - | Buy | Downgrade |
RenaissanceRe's last stock rating was published by Citigroup on Sep 10, 2024. The company gave RNR a "Buy" 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 | Jul 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 | - | $882.81M | $1.39B | $1.54B | $1.47B | $867.46M | $1.40B | $1.33B | $1.54B | $891.70M | $1.10B | $1.05B |
| Avg Forecast | $2.16B | $2.16B | $3.14B | $3.60B | $2.44B | $2.47B | $2.99B | $3.20B | $2.34B | $2.37B | $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 | $2.50B | $2.50B | $3.63B | $4.17B | $2.82B | $2.86B | $3.46B | $3.70B | $2.71B | $2.47B | $3.36B | $3.53B | $2.03B | $2.09B | $2.27B | $2.47B | $1.69B | $1.93B | $1.65B | $1.93B | $1.25B | $1.28B | $1.47B | $1.48B | $1.05B | $967.90M | $1.13B | $1.25B | $572.17M | $613.83M |
| Low Forecast | $1.94B | $1.95B | $2.83B | $3.24B | $2.20B | $2.22B | $2.69B | $2.88B | $2.11B | $2.30B | $2.62B | $2.74B | $1.66B | $1.58B | $1.77B | $1.92B | $1.31B | $1.50B | $1.65B | $1.67B | $1.08B | $1.11B | $1.27B | $1.28B | $911.28M | $838.85M | $982.91M | $1.08B | $495.88M | $531.99M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.94% | 1.03% | 1.39% | 0.77% | - | 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.33K | $8.79K | $881.33M | $428.40M | $-811.65M | - | $-355.09M | $245.68M | $-460.58M | $480.13M | $-289.50M | $217.59M | $65.29M | $620.73M | $-71.24M | $23.28M | $54.42M |
| Avg Forecast | $158.86M | $159.00M | $231.02M | $264.93M | $179.56M | $181.69M | $220.04M | $235.04M | $172.39M | $174.52M | $213.73M | $-624.90M | $134.35M | $136.45M | $144.31M | $-568.09M | $107.17M | $-449.01M | $121.24M | $-449.08M | $241.97M | $-480.22M | $401.92M | $-472.25M | $162.77M | $42.19M | $344.66M | $-116.52M | $30.42M | $83.89M |
| High Forecast | $183.71M | $183.87M | $267.15M | $306.36M | $207.64M | $210.11M | $254.46M | $271.80M | $199.35M | $181.28M | $247.15M | $-499.92M | $149.00M | $153.71M | $166.88M | $-454.47M | $123.93M | $-359.21M | $121.24M | $-359.27M | $290.37M | $-384.18M | $482.31M | $-377.80M | $195.32M | $50.63M | $413.59M | $-93.22M | $36.50M | $100.67M |
| Low Forecast | $142.96M | $143.09M | $207.89M | $238.41M | $161.59M | $163.51M | $198.02M | $211.51M | $155.13M | $168.99M | $192.33M | $-749.88M | $122.13M | $115.99M | $129.86M | $-681.71M | $96.44M | $-538.81M | $121.24M | $-538.90M | $193.58M | $-576.27M | $321.54M | $-566.70M | $130.21M | $33.75M | $275.73M | $-139.83M | $24.33M | $67.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 0.00% | -1.55% | 4.00% | 1.81% | - | 0.79% | 1.02% | 0.96% | 1.19% | 0.61% | 1.34% | 1.55% | 1.80% | 0.61% | 0.77% | 0.65% |
4 analysts predict RNR's average Quarter EBITDA for Dec 23 to be $134.35M, with a high of $149.00M and a low of $122.13M. This is 1612707.02% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $435.12M | $386.66M | $840.29M | $693.33M | $-1.19B | - | $-397.48M | $288.28M | $-440.38M | $464.11M | $-283.64M | $197.10M | $55.09M | $583.13M | $-72.92M | $42.96M | $107.94M |
| Avg Forecast | $604.08M | $224.45M | $573.81M | $602.00M | $534.33M | $216.10M | $557.86M | $529.94M | $497.23M | $255.06M | $554.15M | $-694.10M | $430.82M | $340.78M | $391.20M | $-631.00M | $335.52M | $-429.31M | $264.87M | $-498.82M | $216.44M | $-459.16M | $388.51M | $-462.70M | $147.44M | $35.60M | $323.78M | $-119.26M | $56.14M | $70.74M |
| High Forecast | $726.90M | $270.09M | $690.48M | $724.40M | $642.97M | $260.04M | $671.28M | $637.69M | $598.32M | $335.46M | $666.82M | $-555.28M | $449.90M | $477.32M | $470.74M | $-504.80M | $403.74M | $-343.45M | $264.87M | $-399.05M | $259.73M | $-367.33M | $466.21M | $-370.16M | $176.93M | $42.71M | $388.54M | $-95.41M | $67.36M | $84.89M |
| Low Forecast | $525.47M | $195.24M | $499.14M | $523.66M | $464.80M | $187.98M | $485.26M | $460.98M | $432.52M | $209.04M | $482.04M | $-832.92M | $414.92M | $194.65M | $340.29M | $-757.20M | $291.86M | $-515.17M | $264.87M | $-598.58M | $173.16M | $-550.99M | $310.81M | $-555.24M | $117.95M | $28.48M | $259.03M | $-143.12M | $44.91M | $56.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | 0.99% | -1.33% | 2.07% | 2.77% | - | 0.80% | 1.33% | 0.96% | 1.19% | 0.61% | 1.34% | 1.55% | 1.80% | 0.61% | 0.77% | 1.53% |
RenaissanceRe's average Quarter net income forecast for Dec 23 is $430.82M, with a range of $414.92M to $449.90M. RNR's average Quarter net income forecast represents a -0.99% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $90.32M | $83.24M | $74.94M | - | $80.41M | $50.10M | $69.19M | $68.33M | $65.72M | $62.13M | $97.09M | $60.98M | $83.45M | $82.21M | $67.26M |
| Avg Forecast | $126.97M | $127.08M | $184.64M | $211.73M | $143.51M | $145.21M | $175.86M | $187.85M | $137.78M | $139.48M | $170.81M | $179.13M | $107.37M | $109.05M | $115.33M | $125.65M | $85.65M | $67.45M | $96.90M | $89.01M | $49.34M | $72.14M | $57.20M | $107.20M | $46.48M | $62.74M | $33.86M | $136.49M | $107.42M | $103.69M |
| High Forecast | $146.82M | $146.95M | $213.51M | $244.85M | $165.95M | $167.92M | $203.37M | $217.23M | $159.33M | $144.88M | $197.53M | $207.15M | $119.09M | $122.85M | $133.37M | $145.30M | $99.05M | $80.95M | $96.90M | $95.08M | $59.21M | $86.57M | $68.64M | $128.64M | $55.77M | $75.29M | $40.63M | $163.79M | $128.91M | $124.42M |
| Low Forecast | $114.26M | $114.36M | $166.15M | $190.54M | $129.14M | $130.68M | $158.26M | $169.04M | $123.99M | $135.06M | $153.72M | $161.20M | $97.61M | $92.71M | $103.79M | $113.07M | $77.08M | $53.96M | $96.90M | $82.40M | $39.47M | $57.71M | $45.76M | $85.76M | $37.18M | $50.19M | $27.09M | $109.19M | $85.94M | $82.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 0.97% | 1.11% | - | 0.90% | 1.02% | 0.96% | 1.19% | 0.61% | 1.34% | 1.55% | 1.80% | 0.61% | 0.77% | 0.65% |
RenaissanceRe's average Quarter SG&A projection for Jun 23 is $115.33M, based on 1 Wall Street analysts, with a range of $103.79M to $133.37M. The forecast indicates a 27.70% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 4 | 3 | 1 | 1 | 1 | 1 | - | - | 2 | 2 | 2 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.66 | $8.42 | $19.60 | $16.20 | $-27.75 | - | $-9.17 | $6.45 | $-13.82 | $9.36 | $-6.67 | $3.75 | $1.49 | $12.64 | $0.58 | $0.77 | $2.48 |
| Avg Forecast | $11.66 | $4.33 | $11.07 | $11.62 | $10.31 | $4.17 | $10.77 | $10.23 | $9.60 | $4.92 | $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 | $14.03 | $5.21 | $13.33 | $13.98 | $12.41 | $5.02 | $12.96 | $12.31 | $11.55 | $6.47 | $12.87 | $11.40 | $8.68 | $9.21 | $9.09 | $8.88 | $7.79 | $-6.98 | $5.11 | $5.18 | $4.81 | $-8.15 | $5.16 | $0.53 | $-1.73 | $-1.90 | $2.56 | $4.43 | $0.81 | $1.10 |
| Low Forecast | $10.14 | $3.77 | $9.63 | $10.11 | $8.97 | $3.63 | $9.37 | $8.90 | $8.35 | $4.03 | $9.30 | $8.24 | $8.01 | $3.76 | $6.57 | $6.42 | $5.63 | $-9.66 | $5.11 | $4.30 | $3.99 | $-9.82 | $4.28 | $0.44 | $-2.09 | $-2.29 | $2.13 | $3.68 | $0.67 | $0.91 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.32% | 1.12% | 2.66% | 2.50% | 3.46% | - | -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).
RNR Forecast FAQ
Is RenaissanceRe a good buy?
Yes, according to 7 Wall Street analysts, RenaissanceRe (RNR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 57.14% of RNR's total ratings.
What is RNR's price target?
RenaissanceRe (RNR) average price target is $260.5 with a range of $240 to $287, implying a -1.17% from its last price of $263.58. The data is based on 7 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 down by -1.17% (from the last price of $263.58 to the average price target of $260.5), up by 8.89% based on the highest stock price target, and down by -8.95% based on the lowest stock price target.
Can RenaissanceRe stock reach $400?
RNR's average twelve months analyst stock price target of $260.5 does not support the claim that RenaissanceRe can reach $400 in the near future.
What is RenaissanceRe's current price target trend?
1 Wall Street analyst forecast a $287 price target for RenaissanceRe (RNR) this month, up 8.89% from its last price of $263.58. Compared to the last 3 and 12 months, the average price target increased by 0.79% and increased by 0.79%, respectively.
What are RenaissanceRe's analysts' financial forecasts?
RenaissanceRe's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $11.1B (high $12.84B, low $9.99B), average EBITDA is $816.33M (high $944.01M, low $734.62M), average net income is $1.84B (high $2.21B, low $1.6B), average SG&A $652.43M (high $754.47M, low $587.12M), and average EPS is $35.48 (high $42.69, low $30.86). RNR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $11.07B (high $12.8B, low $9.96B), average EBITDA is $813.81M (high $941.09M, low $732.35M), average net income is $2B (high $2.41B, low $1.74B), average SG&A $650.41M (high $752.14M, low $585.31M), and average EPS is $38.68 (high $46.55, low $33.65).
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, missing the average prediction of $-153M by -1750.97%. The company's net income was $2.53B, beating the average estimation of $531.8M by 374.95%. Apple's SG&A was $0, missing the average forecast of $457.41M 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 $136.45M by -99.99%. RenaissanceRe's net income was $435.12M, beating the average estimation of $340.78M by 27.68%. The company's SG&A was $0, missing the average forecast of $109.05M by -100.00%. Lastly, the company's EPS was $8.66, beating the average prediction of $6.58 by 31.67%