How to Buy Renaissancere Holdings Stock
Renaissancere Holdings Ltd
Renaissancere Holdings is a reinsurance insurance company located in Bermuda, which is part of the Financial Services sector, and is traded under the ticker RNR on the NYSE exchange.
Renaissancere Holdings stock last closed at $218.56, up 0.11% from the previous day, and has decreased 0.71% in one year. It has underperformed other stocks in the Insurance - Reinsurance industry by 0.08 percentage points. Renaissancere Holdings stock is currently +25.45% from its 52-week low of $174.22, and -8.71% from its 52-week high of $239.42.
As of May 2, 2024, there are 52.88M shares of RNR outstanding. The market value of RNR is $11.56B. In the last 24 hours, 624,942 RNR shares were traded.
How to Buy Renaissancere Holdings Stock
Not sure how to invest in Renaissancere Holdings stock? Here's how.
- Choose where to buy Renaissancere Holdings stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Renaissancere Holdings stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Choose your payment method and add your details.
- Research Renaissancere Holdings stock: The Renaissancere Holdings ticker symbol is RNR. Is Renaissancere Holdings stock a good investment? Should you buy shares of RNR? How do RNR's underlying business fundamentals look? Do top analysts think Renaissancere Holdings is a good buy? Why has RNR's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if RNR is a good stock to buy).
- Make your RNR buy order: Decide if you will purchase RNR shares at the current market price or use a limit order to buy RNR stock at a given price.
- Track your investment in RNR: Create a watchlist to important updates regarding your investment in Renaissancere Holdings shares.
Step 1: Choose where to buy Renaissancere Holdings stock
You need an online brokerage account to access the NYSE market and buy RNR shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you are able to invest in RNR stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on the best stock app, you need to deposit funds:
Check out this video walkthrough for more details transferring funds into your new investment account.
Step 4: Research Renaissancere Holdings stock
After you have figured out the best place to buy Renaissancere Holdings stock, it's critical to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the upside.
Renaissancere Holdings shares data
RNR Overview
WallStreetZen was created to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on RNR's stock page.
Is RNR stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge RNR's true value.
Using relative valuations measures:
- RNR could be undervalued based on its P/E ratio of 4.64x, relative to Insurance - Reinsurance industry P/E ratio of 7.47x
- RNR may be overvalued based on its P/B ratio of 1.18x, relative to Insurance - Reinsurance industry P/B ratio of 1.16x
You can access more valuation research on RNR's stock here.
RNR Financials at a glance
Signs that RNR is financially healthy:
- RNR earnings of $1.92B is not enough to cover its interest payments.
- RNR's operating cash flow of $2.16B allows it to safely service it's debt of $1.88B.
- RNR profit margin has gone up from -2.2% to 24.4% in the past year.
Signs that RNR is not financially healthy:
- RNR has a relatively high debt to equity ratio of 3.56.
- Total RNR debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy RNR stock, according to analysts?
Out of 5 Wall Street analysts who research RNR, the consensus analyst rating on Renaissancere Holdings is a Hold
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Renaissancere Holdings stock forecast page.
Metrics for Advanced RNR Traders
How are RNR Revenues/Earnings doing?
Last year, RNR earnings were $2.33B. During the past five year, RNR's earnings have gone up by 36.55% per year. This was faster than the Insurance - Reinsurance industry average of 36.03%.
Last year, RNR revenue was $9.53B. In the last 5 year, RNR's revenue has grown by 31.06% per year. This was slower than the Insurance - Reinsurance industry average of 32.18%.
You can analyze RNR's earnings and revenue performance here.
What are RNR executives and large shareholders up to?
In the past 12 months, insiders at RNR have sold more shares than they have bought.
Kevin Odonnell, Pres Chief Executive Officer of RNR, was the latest RNR insider to sell. They sold $2,378,952.40 worth of RNR stock on Mar 18, 2024.
Research more about who owns RNR shares here.
Can I get consistent income from RNR stock?
Renaissancere Holdings pays a dividend of 0.7%, compared to the Insurance - Reinsurance industry's average dividend yield of 1.44%. If you owned $1,000 of RNR stock, you would have received $7.00 last year.
Renaissancere Holdings dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Renaissancere Holdings dividend yield and history here.
What do other traders have to say about RNR?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your RNR buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Click the Open button and eToro will place the order.
If you want more help with investing in stocks on eToro, watch the how to video below:
Step 6: Track your investment in RNR
Now that you own some RNR shares, you'll want to keep up with your new company.
Add RNR to a watchlist to get alerted to the latest events about your RNR stock.
RNR Feed
How to Buy Stock in Renaissancere Holdings
To reiterate, here are the 6 steps you need to take to buy Renaissancere Holdings stock right now:
- Choose where to buy Renaissancere Holdings stock
- Sign up for a brokerage account
- Fund your investment account
- Research Renaissancere Holdings stock
- Make your RNR buy order
- Track your investment in RNR
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your investment in Renaissancere Holdings, add RNR to your watchlist below.
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