RenaissanceRe Holdings Ltd (NYSE:RNR) shares, rose in value on Friday, May 30, with the stock price up by 1.75% to the previous day’s close as strong demand from buyers drove the stock to $249.42.
Actively observing the price movement in the last trading, the stock closed the session at $245.14. The PE ratio was 7.94 over 12-month period. Referring to stock’s 52-week performance, its high was $300.00, and the low was $208.98. On the whole, RNR has fluctuated by 3.10% over the past month.
With the market capitalization of RenaissanceRe Holdings Ltd currently standing at about $12.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.57, with its dividend yield at 0.63%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RNR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RNR currently trading nearly 1.73% and 3.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.29, while the 7-day volatility ratio is showing 2.11% which for the 30-day chart, stands at 1.55%. Furthermore, RenaissanceRe Holdings Ltd (RNR)’s beta value is 0.31, and its average true range (ATR) is 5.94.
A comparison of RenaissanceRe Holdings Ltd (RNR) with its peers suggests the former has fared considerably weaker in the market. RNR showed an intraday change of 1.75% in last session, and over the past year, it grew by 8.93%%.
Data on historical trading for RenaissanceRe Holdings Ltd (NYSE:RNR) indicates that the trading volumes over the past 3 months, they’ve averaged 491.66K. According to company’s latest data on outstanding shares, there are 48.93 million shares outstanding.
Nearly 4.89% of RenaissanceRe Holdings Ltd’s shares belong to company insiders and institutional investors own 95.77% of the company’s shares. The stock has risen by 0.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RNR stock heading into the next quarter.
