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RenaissanceRe Holdings Ltd. (RNR): The stock short term indicators scream Sell today

How have the shares performed?

RenaissanceRe Holdings Ltd. (RNR) saw an uptrend of 0.40% in the recent trading with $154.15 being its most recent. The current price level -23.42% lower than the highest price of $201.29 marked by the stock while trading over the past 52-weeks, whereas it is 7.03% higher than the lowest price of $144.03 the company dropped to over past 52-weeks. The latest news story on RNR appeared in SmarterAnalyst under the title “RenaissanceRe Declares $0.36 Dividend; Increases Stock Buyback to $500M” on May-10-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -11.01% below one month high and is +1.92% above of the lowest during that time. Looking into the simple moving average, RenaissanceRe Holdings Ltd. (RNR)’s stock stands at a SMA-50 of $164.40 while that of 5-day is reading $153.77.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RNR’s SMA-200 as of now is $167.17.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.70 for the stock.

RenaissanceRe Holdings Ltd. Earnings – What Happened With RNR

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. RenaissanceRe Holdings Ltd. (RNR) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of -80.90% for net revenue. During the reported three-month period, company’s sales were $882.0 million while analysts on average were estimating the same to be $1.28 billion.

RNR – RenaissanceRe Holdings Ltd. Stock Earnings Estimates

The perspective of RenaissanceRe Holdings Ltd. (NYSE:RNR)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.47 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.09.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 49.58 million. RNR does have institutional investors; and they hold 100.00% of the stock.

RenaissanceRe Holdings Ltd. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 21 new insider purchases involving 102,843 shares. On the other hand, RNR declared 56,279 shares have been sold in 32 insider transactions over the past three months.

As on Dec 30, 2020, Blackrock Inc. was the top most holder in RenaissanceRe Holdings Ltd. (NYSE:RNR) with an ownership of 6.14 million shares of the company or 12.38% of the stake worth $1.02 billion. The filing also reveals Vanguard Group, Inc. (The) as the second largest holder in the company with a control over 10.00% of the outstanding shares. Its stake is worth $822.75 million for having 4.96 million shares in hand.

Capital World Investors also came holding a key position in the company during the recent quarter and it now holds 4.86% of the outstanding shares. With this there are now 586 institutions which have possession in RNR’s shares.

Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.70 for the stock.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by RenaissanceRe Holdings Ltd. was 0.90 while posting a debt to equity ratio of 0.17. The count was 16.90 for long-term debt to equity ratio.

Technical Analysis of RenaissanceRe Holdings Ltd. (NYSE:RNR) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for RenaissanceRe Holdings Ltd. (RNR), we notice that the stock’s 20-day average volume is at 747,565 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 533,260 shares. And to end, RNR’s 100-day average volume is 463,780 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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