4,554 Shares in RenaissanceRe Holdings Ltd. (NYSE:RNR) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,554 shares of the insurance provider's stock, valued at approximately $1,133,000.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in RenaissanceRe in the 4th quarter worth $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in RenaissanceRe by 51.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider's stock worth $30,000 after purchasing an additional 41 shares during the period. Jones Financial Companies Lllp raised its holdings in RenaissanceRe by 1,587.5% in the 4th quarter. Jones Financial Companies Lllp now owns 135 shares of the insurance provider's stock worth $34,000 after purchasing an additional 127 shares during the period. Smartleaf Asset Management LLC raised its holdings in RenaissanceRe by 71.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider's stock worth $39,000 after purchasing an additional 65 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in RenaissanceRe in the 3rd quarter worth $45,000. 99.97% of the stock is owned by institutional investors.

RenaissanceRe Trading Down 0.8 %

Shares of RenaissanceRe stock opened at $239.53 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. RenaissanceRe Holdings Ltd. has a twelve month low of $208.98 and a twelve month high of $300.00. The business has a 50-day moving average price of $242.98 and a 200-day moving average price of $257.97. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 2.09 and a beta of 0.38.

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RenaissanceRe (NYSE:RNR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $8.06 EPS for the quarter, beating analysts' consensus estimates of $6.94 by $1.12. RenaissanceRe had a net margin of 15.99% and a return on equity of 23.41%. Equities research analysts anticipate that RenaissanceRe Holdings Ltd. will post 26.04 EPS for the current fiscal year.

RenaissanceRe Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.40 dividend. This is an increase from RenaissanceRe's previous quarterly dividend of $0.39. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.67%. RenaissanceRe's dividend payout ratio (DPR) is presently 4.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RNR shares. JPMorgan Chase & Co. increased their price target on RenaissanceRe from $280.00 to $284.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Wells Fargo & Company cut their price target on RenaissanceRe from $288.00 to $277.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on RenaissanceRe from $318.00 to $294.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Barclays lowered RenaissanceRe from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $284.00 to $234.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $282.00 price target (down previously from $304.00) on shares of RenaissanceRe in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $279.90.

Insider Activity at RenaissanceRe

In related news, EVP David E. Marra sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $254.16, for a total value of $254,160.00. Following the completion of the transaction, the executive vice president now owns 79,392 shares of the company's stock, valued at approximately $20,178,270.72. This trade represents a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

RenaissanceRe Profile

RenaissanceRe Holdings Ltd., together with its subsidiaries, 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 reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as 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, binding facilities, and regional U.S.

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