Home Sectors Financial Services Stock to Track: RenaissanceRe (NYSE: RNR)

Stock to Track: RenaissanceRe (NYSE: RNR)

SHARE

RenaissanceRe is in the financial services sector and is part of the specialty insurance industry. The company CEO is Kevin O’Donnell. RenaissanceRe is a provider of insurance products. Its portfolio encompasses property catastrophe and specialty reinsurance risks.

Previous Intraday Trading Performance:

The RNR stock showed a previous change of -1.41% with an open at 177.72 and a close of 176.10. It reached an intraday high of 178.80 and a low of 174.69.

Business Wire:  RenaissanceRe Holdings Ltd. Announces Quarterly Dividend

Liquidity:

The stock has a market cap of $7.8b with 44.2m shares outstanding, of which the float is 39.3m shares. Trading volume reached 316,993 shares compared to its average volume of 272,024 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, RenaissanceRe shares returned 1.26% and in the past 30 trading days it returned 16.10%. Over three months, it changed 21.79%. In one year it has changed 43.54% and within that year its 52-week high was 178.86 and its 52-week low was 117.35. RNR stock is 50.06% above its 52 Week Low.

Our calculations show a 200 day moving average of 139.59 and a 50 day moving average of 157.17. Currently RNR stock is trading 26.16% above its 200 day moving average.

Business Wire:  RenaissanceRe Holdings Ltd. Announces Quarterly Dividend

Earnings:

The last annual fiscal EPS for the company was reported at 4.91 that ended on 31st of December 2018, which according to the previous close, that is a PE of 35.87. Based on 5 analyst estimates, the consensus EPS for the next quarter is 2.97. The TTM EPS is 9.17, which comes to a TTM PE of 19.20.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/07/2019): 6.43
4thQtr of 2018 (Reported on 01/29/2019): -2.10
3rdQtr of 2018 (Reported on 10/30/2018): 0.82
2ndQtr of 2018 (Reported on 07/24/2018): 4.78
1stQtr of 2018 (Reported on 05/01/2018): 1.42

The dividend per share is currently 1.36, which is a dividend yield of 0.77%. Also, the payout ratio is 14.83%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 210.33, which means it is possibly undervalued and has a margin of safety of 16.28%.

Indicators to Watch:

Short-interest was 903,016, which was 2.04% of shares outstanding. The short-interest ratio or days-to-cover ratio was 3.80. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.35.

SeekingAlpha:  Short-Sellers’ Favorites: Highest Short Interest Stocks May 2019

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 9.55%, return on assets is 2.10%, profit margin is 21.99%, price-to-sales is 3.23 and price-to-book is 1.61.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 5  :Financial Strength Score
 2  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

SHARE
John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.