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Is this Large Market Cap Stock target price reasonable for RenaissanceRe Holdings Ltd. (NYSE:RNR)?

The company in question is, RenaissanceRe Holdings Ltd. (NYSE:RNR) currently with a stock price of 123.57 (0.03% today). The market cap for RenaissanceRe Holdings Ltd. is 5150.34, and is in the sector Financial, and Property & Casualty Insurance industry. The target price for RenaissanceRe Holdings Ltd. is 118.11. Currently RenaissanceRe Holdings Ltd. is trading with a P/E of 12.39, and a forward P/E of 13.23. Average volume for RenaissanceRe Holdings Ltd. is 224.8 and so far today it is 83764.

Performance in the last year for RenaissanceRe Holdings Ltd. has been 15.32%. For EPS growth, RenaissanceRe Holdings Ltd. has seen a growth of -26.30%, and is looking to grow in the next year to 25.54%. More long term stats show that EPS growth has been -3.70% over the last five years and could be 7.83% for the next five years. RenaissanceRe Holdings Ltd. has seen sales growth quarter over quarter at -38.00%, with EPS growth quarter over quarter at -42.20%. The 20-day simple moving average is 3.77%, with the 200-day simple moving average coming to 7.31%.

Since the IPO date for RenaissanceRe Holdings Ltd. on the 7/27/1995, RenaissanceRe Holdings Ltd. has seen performance year to date to be 10.01%. With RenaissanceRe Holdings Ltd. trading at 123.57, the dividend yield is 1.00%, and the EPS is 9.97.

So could RenaissanceRe Holdings Ltd., be undervalued? Well as said before P/E is 12.39. The PEG is 1.58, P/S is 3.09 and the P/B is at 1.2. The P/cash is 11.31, with P/free cash flow at 10.13.

RenaissanceRe Holdings Ltd. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.22, and total debt/equity at 0.22.

In terms of margins, RenaissanceRe Holdings Ltd. has a gross margin of *TBA, an operating margin of 38.60% and a profit margin of 25.60%.Payout ratio for RenaissanceRe Holdings Ltd. is 12.20%. Return on assets come to 3.50% with return on investment coming to 10.90%.

Insider ownership for RenaissanceRe Holdings Ltd., is at 1.90% and institutional ownership comes to 99.60%. Outstanding shares are at 41.69. While shares float is 40.45. The float short is currently 5.41%, and short ratio is 9.73.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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