RenaissanceRe Holdings Ltd. (NYSE:RNR) was the recipient of a significant increase in short interest in November. As of November 29th, there was short interest totalling 845,200 shares, an increase of 15.2% from the November 14th total of 733,500 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average trading volume of 218,000 shares, the short-interest ratio is currently 3.9 days.

In other RenaissanceRe news, SVP Jonathan Paradine sold 10,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $187.00, for a total transaction of $1,870,000.00. Following the sale, the senior vice president now owns 50,108 shares in the company, valued at $9,370,196. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC bought a new position in RenaissanceRe in the second quarter valued at $25,000. Motco bought a new position in RenaissanceRe in the second quarter valued at $25,000. Clean Yield Group bought a new position in RenaissanceRe in the third quarter valued at $32,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in RenaissanceRe in the second quarter valued at $75,000. Finally, Advisory Services Network LLC increased its stake in RenaissanceRe by 1,340.0% in the second quarter. Advisory Services Network LLC now owns 432 shares of the insurance provider’s stock valued at $77,000 after acquiring an additional 402 shares during the last quarter. 93.45% of the stock is currently owned by institutional investors and hedge funds.

RNR traded down $1.31 during trading on Friday, reaching $194.80. The stock had a trading volume of 145,592 shares, compared to its average volume of 210,483. The stock has a market cap of $8.51 billion, a PE ratio of 22.18, a PEG ratio of 2.28 and a beta of 0.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.58 and a current ratio of 1.58. RenaissanceRe has a one year low of $123.79 and a one year high of $196.23. The business has a 50-day moving average of $186.80 and a 200-day moving average of $185.15.

RenaissanceRe (NYSE:RNR) last released its earnings results on Tuesday, October 29th. The insurance provider reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.72). The firm had revenue of $704.13 million during the quarter, compared to the consensus estimate of $574.66 million. RenaissanceRe had a net margin of 17.32% and a return on equity of 8.23%. The firm’s revenue was up 55.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. Equities research analysts forecast that RenaissanceRe will post 8.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.36 dividend on an annualized basis and a yield of 0.70%. RenaissanceRe’s dividend payout ratio is presently 14.83%.

Several research firms have recently weighed in on RNR. Barclays upped their price target on shares of RenaissanceRe from $165.00 to $175.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of RenaissanceRe from a “hold” rating to a “buy” rating and set a $201.00 price target on the stock in a report on Wednesday, October 16th. Finally, ValuEngine cut shares of RenaissanceRe from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $181.43.

RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd. provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The 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, including 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, such as proportional reinsurance, property per risk, property reinsurance, and binding facilities and regional U.S.

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