First Interstate Bank purchased a new stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,840 shares of the insurance provider’s stock, valued at approximately $246,000.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of RenaissanceRe by 1.5% during the 3rd quarter. BlackRock Inc. now owns 4,705,093 shares of the insurance provider’s stock valued at $628,507,000 after purchasing an additional 70,280 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of RenaissanceRe by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,103,600 shares of the insurance provider’s stock valued at $548,159,000 after purchasing an additional 59,867 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of RenaissanceRe by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 4,103,600 shares of the insurance provider’s stock valued at $548,159,000 after purchasing an additional 59,867 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of RenaissanceRe by 1.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,682,931 shares of the insurance provider’s stock valued at $224,806,000 after purchasing an additional 23,573 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of RenaissanceRe by 1.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,409,197 shares of the insurance provider’s stock valued at $188,241,000 after purchasing an additional 20,075 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on RNR shares. Citigroup decreased their price target on shares of RenaissanceRe from $161.00 to $153.00 and set a “buy” rating on the stock in a report on Monday, October 22nd. Wells Fargo & Co set a $130.00 target price on shares of RenaissanceRe and gave the stock a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of RenaissanceRe from a “buy” rating to a “hold” rating in a report on Monday, October 15th. Bank of America lowered shares of RenaissanceRe from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 16th. Finally, Morgan Stanley reduced their target price on shares of RenaissanceRe from $142.00 to $136.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $143.70.

In other RenaissanceRe news, Director Henry Klehm III sold 810 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $128.00, for a total transaction of $103,680.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jonathan Paradine sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $132.79, for a total transaction of $2,655,800.00. Following the completion of the transaction, the senior vice president now owns 64,630 shares in the company, valued at approximately $8,582,217.70. The disclosure for this sale can be found here. Insiders have sold a total of 40,810 shares of company stock worth $5,415,280 over the last three months. Insiders own 1.50% of the company’s stock.

RNR opened at $138.03 on Friday. RenaissanceRe Holdings Ltd. has a fifty-two week low of $117.35 and a fifty-two week high of $142.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.20 and a beta of 0.55.

RenaissanceRe (NYSE:RNR) last posted its earnings results on Tuesday, January 29th. The insurance provider reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.93) by $1.95. RenaissanceRe had a net margin of 10.96% and a return on equity of 9.31%. The firm had revenue of $633.44 million for the quarter, compared to analyst estimates of $545.60 million. Equities research analysts forecast that RenaissanceRe Holdings Ltd. will post 11.08 EPS for the current fiscal year.

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RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance coverages in the United States and internationally. Its Property segment writes property catastrophe excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, such as earthquakes, hurricanes, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, including proportional reinsurance, property per risk, property reinsurance, and binding facilities and regional U.S.

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Institutional Ownership by Quarter for RenaissanceRe (NYSE:RNR)

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