Robeco Institutional Asset Management B.V. lowered its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,905 shares of the company’s stock after selling 3,896 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in RenaissanceRe Holdings were worth $24,139,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RNR. ARGA Investment Management LP increased its position in shares of RenaissanceRe Holdings by 0.7% in the second quarter. ARGA Investment Management LP now owns 6,341 shares of the company’s stock worth $745,000 after buying an additional 41 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of RenaissanceRe Holdings by 0.7% in the second quarter. CIBC Asset Management Inc now owns 6,180 shares of the company’s stock worth $726,000 after buying an additional 43 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of RenaissanceRe Holdings by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 5,437 shares of the company’s stock worth $652,000 after buying an additional 57 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of RenaissanceRe Holdings by 1.2% in the third quarter. Capstone Asset Management Co. now owns 6,132 shares of the company’s stock worth $737,000 after buying an additional 70 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of RenaissanceRe Holdings by 0.9% in the second quarter. US Bancorp DE now owns 9,959 shares of the company’s stock worth $1,170,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

Institutional Ownership by Quarter for RenaissanceRe Holdings (NYSE:RNR)

RenaissanceRe Holdings Ltd. (NYSE:RNR) traded up 0.03% during mid-day trading on Tuesday, hitting $131.36. 56,473 shares of the company traded hands. The company’s 50-day moving average is $126.07 and its 200-day moving average is $119.20. RenaissanceRe Holdings Ltd. has a one year low of $107.27 and a one year high of $132.43. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 11.16 and a beta of 0.46.

RenaissanceRe Holdings (NYSE:RNR) last issued its earnings results on Tuesday, November 1st. The company reported $2.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.30. The firm earned $442.47 million during the quarter, compared to the consensus estimate of $488.38 million. RenaissanceRe Holdings had a return on equity of 8.54% and a net margin of 30.02%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 earnings per share. Analysts predict that RenaissanceRe Holdings Ltd. will post $6.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, December 13th. RenaissanceRe Holdings’s payout ratio is 10.49%.

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A number of research analysts recently commented on RNR shares. Zacks Investment Research raised shares of RenaissanceRe Holdings from a “sell” rating to a “hold” rating in a research report on Friday, October 7th. Goldman Sachs Group Inc. raised shares of RenaissanceRe Holdings from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $101.00 to $125.00 in a research report on Tuesday, November 15th. Deutsche Bank AG downgraded shares of RenaissanceRe Holdings from a “buy” rating to a “hold” rating and set a $131.78 price objective on the stock. in a research report on Monday, November 21st. Finally, Citigroup Inc. began coverage on shares of RenaissanceRe Holdings in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $143.00 target price for the company. Seven analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $126.72.

In other news, SVP Rider Fonner Todd sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $119.47, for a total transaction of $179,205.00. Following the sale, the senior vice president now directly owns 66,753 shares in the company, valued at $7,974,980.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin Odonnell sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $119.33, for a total value of $357,990.00. Following the sale, the chief executive officer now owns 267,944 shares in the company, valued at $31,973,757.52. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

RenaissanceRe Holdings Company Profile

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Company’s core products include property catastrophe reinsurance and specialty reinsurance risks. The Company’s segments include Catastrophe Reinsurance, Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance includes catastrophe reinsurance and certain property catastrophe joint ventures managed by the Company’s ventures unit.

5 Day Chart for NYSE:RNR

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