Renaissance Re Stock To Go Ex-dividend Tomorrow (RNR)

NEW YORK ( TheStreet) -- The ex-dividend date for Renaissance Re Holdings (NYSE: RNR) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $74.63 as of 9:32 a.m. ET, the dividend yield is 1.4%.

The average volume for Renaissance Re has been 357,100 shares per day over the past 30 days. Renaissance Re has a market cap of $3.92 billion and is part of the financial sector and insurance industry. Shares are up 1.2% year to date as of the close of trading on Monday.

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company has a P/E ratio of 10.8, below the average insurance industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Renaissance Re as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Renaissance Re Ratings Report.

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