Renaissancere Holdings Ltd
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Financials : Insurance | Mid Cap Blend
Based in Bermuda
Company profile

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Company's products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. Its segments include Property; Casualty and Specialty, and Other category. The Property segment consisted of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries and certain joint ventures managed by its ventures unit. The Casualty and Specialty segment consisted of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries and certain joint ventures managed by its ventures unit. Its Other category includes its strategic investments, investments unit, corporate expenses, capital servicing. The Casualty and Specialty segment offers certain casualty insurance products through RenaissanceRe Syndicate 1458 (Syndicate 1458).

Closing Price
$149.32
Day's Change
-2.11 (-1.39%)
Bid
--
Ask
--
B/A Size
--
Day's High
154.02
Day's Low
148.70
Volume
(Heavy Day)
Volume:
439,224

10-day average volume:
365,802
439,224

Folgers parent J.M. Smucker tops earnings estimates and raises guidance

7:23 am ET February 25, 2021 (MarketWatch)
Print

J.M. Smucker Co. shares (SJM) rose 1.9% in premarket trade Thursday, after the parent of brands including Folgers coffee, Café Bustelo and Milk-Bone dog biscuits posted stronger-than-expected earnings for its fiscal third quarter. The company had net income of $261.5 million, or $2.32 a share, in the quarter to Dec. 31, up from $187.4 million, or $1.64 a share, in the year-earlier period. Adjusted per-share earnings came to $2.45, well ahead of the $2.19 FactSet consensus. Sales rose to $2.077 billion from $1.972 billion, also ahead of the $2.006 billion FactSet consensus. Chief Executive Mark Smucker said sales were boosted by the continued elevated at-home dining trend, during the coronavirus pandemic. "During the quarter, we completed two divestitures, supporting our priority to further focus our portfolio and resources toward pet food, coffee, and snacking," he said in a statement. The company raised its guidance for fiscal 2021 and now expects sales to grow 2%, up from prior guidance of flat to up 1%. It expects adjusted EPS to range from $8.70 to $8.90, up from prior guidance of $8.35 to $8.65. Shares have gained 5% in the last 12 months, while the S&P 500 has gained 22%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

February 25, 2021 07:23 ET (12:23 GMT)

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