RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 35.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,330 shares of the insurance provider's stock after selling 6,341 shares during the period. Cerity Partners LLC's holdings in RenaissanceRe were worth $2,967,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of RenaissanceRe in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new stake in RenaissanceRe during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB lifted its holdings in RenaissanceRe by 51.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider's stock worth $30,000 after buying an additional 41 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of 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 acquiring an additional 127 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of RenaissanceRe by 71.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider's stock valued at $39,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

RenaissanceRe Price Performance

RNR traded up $3.24 on Friday, reaching $241.09. The company had a trading volume of 429,115 shares, compared to its average volume of 417,754. RenaissanceRe Holdings Ltd. has a one year low of $208.98 and a one year high of $300.00. The company has a market capitalization of $11.81 billion, a P/E ratio of 6.88, a PEG ratio of 2.09 and a beta of 0.29. The company has a fifty day moving average of $237.11 and a 200-day moving average of $253.69. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

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

RenaissanceRe Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.40 per share. This is a positive change from RenaissanceRe's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.66%. RenaissanceRe's dividend payout ratio (DPR) is 4.57%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RNR shares. Jefferies Financial Group reduced their price objective on RenaissanceRe from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Barclays reduced their price target on shares of RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Keefe, Bruyette & Woods decreased their target price on RenaissanceRe from $318.00 to $294.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Morgan Stanley dropped their price target on RenaissanceRe from $265.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, RenaissanceRe presently has a consensus rating of "Hold" and a consensus price target of $280.80.

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.