RenaissanceRe Holdings Ltd. (NYSE:RNR) Stock Holdings Raised by Boston Partners

Boston Partners lifted its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,013,382 shares of the insurance provider's stock after purchasing an additional 446,781 shares during the period. Boston Partners owned about 3.88% of RenaissanceRe worth $500,991,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Corient Private Wealth LLC boosted its position in RenaissanceRe by 19.9% during the fourth quarter. Corient Private Wealth LLC now owns 9,247 shares of the insurance provider's stock worth $2,299,000 after acquiring an additional 1,532 shares during the last quarter. Royce & Associates LP boosted its position in RenaissanceRe by 1.0% during the fourth quarter. Royce & Associates LP now owns 115,196 shares of the insurance provider's stock worth $28,662,000 after acquiring an additional 1,136 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in RenaissanceRe by 2.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,541 shares of the insurance provider's stock worth $1,130,000 after acquiring an additional 117 shares during the last quarter. Catalyst Funds Management Pty Ltd boosted its position in RenaissanceRe by 966.7% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 3,200 shares of the insurance provider's stock worth $796,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Hilton Capital Management LLC boosted its position in RenaissanceRe by 4.5% during the fourth quarter. Hilton Capital Management LLC now owns 7,373 shares of the insurance provider's stock worth $1,834,000 after acquiring an additional 319 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP David E. Marra sold 1,000 shares of RenaissanceRe stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $254.16, for a total transaction of $254,160.00. Following the sale, the executive vice president now owns 79,392 shares of the company's stock, valued at $20,178,270.72. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RNR. Jefferies Financial Group restated a "hold" rating and set a $282.00 target price (down previously from $304.00) on shares of RenaissanceRe in a research report on Wednesday, December 18th. Barclays lowered shares of RenaissanceRe from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $284.00 to $234.00 in a research report on Monday, January 6th. Morgan Stanley decreased their target price on shares of RenaissanceRe from $265.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of RenaissanceRe from $288.00 to $277.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of RenaissanceRe from $280.00 to $284.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $279.90.

RenaissanceRe Stock Up 0.4 %

Shares of NYSE:RNR traded up $1.05 during midday trading on Friday, hitting $236.75. 1,416,180 shares of the company's stock traded hands, compared to its average volume of 392,661. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $11.66 billion, a PE ratio of 6.76, a P/E/G ratio of 2.09 and a beta of 0.38. The firm's fifty day moving average price is $241.01 and its two-hundred day moving average price is $257.08. RenaissanceRe Holdings Ltd. has a twelve month low of $208.98 and a twelve month high of $300.00.

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

RenaissanceRe Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.40 per share. This is an increase from RenaissanceRe's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 0.68%. RenaissanceRe's payout ratio is 4.57%.

About RenaissanceRe

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.