AMP Capital Investors Ltd lessened its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,364 shares of the insurance provider’s stock after selling 10,407 shares during the quarter. AMP Capital Investors Ltd’s holdings in RenaissanceRe were worth $2,181,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RNR. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of RenaissanceRe during the 4th quarter valued at approximately $176,000. Cadence Capital Management LLC purchased a new stake in shares of RenaissanceRe during the 3rd quarter valued at approximately $219,000. Unison Advisors LLC purchased a new stake in shares of RenaissanceRe during the 4th quarter valued at approximately $219,000. Toronto Dominion Bank raised its position in shares of RenaissanceRe by 241.0% during the 3rd quarter. Toronto Dominion Bank now owns 1,715 shares of the insurance provider’s stock valued at $232,000 after buying an additional 1,212 shares during the period. Finally, Aureus Asset Management LLC purchased a new stake in shares of RenaissanceRe during the 3rd quarter valued at approximately $270,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) opened at $136.44 on Friday. RenaissanceRe Holdings Ltd. has a 1-year low of $116.50 and a 1-year high of $152.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market cap of $5,524.48, a P/E ratio of -21.74, a P/E/G ratio of 1.46 and a beta of 0.60.

RenaissanceRe (NYSE:RNR) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.29. RenaissanceRe had a negative net margin of 10.57% and a negative return on equity of 7.68%. The firm had revenue of $288.22 million during the quarter, compared to the consensus estimate of $227.65 million. During the same quarter last year, the firm earned $2.66 EPS. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. equities analysts expect that RenaissanceRe Holdings Ltd. will post 9.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from RenaissanceRe’s previous quarterly dividend of $0.32. RenaissanceRe’s dividend payout ratio (DPR) is -20.79%.

Several analysts have recently commented on the stock. Citigroup set a $152.00 price target on shares of RenaissanceRe and gave the company a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of RenaissanceRe from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Finally, Wells Fargo reiterated a “hold” rating and issued a $125.00 target price on shares of RenaissanceRe in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $145.88.

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About RenaissanceRe

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.

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Institutional Ownership by Quarter for RenaissanceRe (NYSE:RNR)

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