RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lessened its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,569 shares of the insurance provider's stock after selling 4,880 shares during the period. Epoch Investment Partners Inc.'s holdings in RenaissanceRe were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of RNR. Aster Capital Management DIFC Ltd bought a new stake in shares of RenaissanceRe in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. bought a new position in RenaissanceRe in the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 purchasing an additional 41 shares during the last quarter. Jones Financial Companies Lllp raised its stake in RenaissanceRe by 1,587.5% in the 4th quarter. Jones Financial Companies Lllp now owns 135 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 127 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of RenaissanceRe by 71.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider's stock worth $39,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America decreased their price target on shares of RenaissanceRe from $437.00 to $426.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Morgan Stanley raised RenaissanceRe from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $235.00 to $275.00 in a research note on Friday. Wells Fargo & Company dropped their price target on shares of RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group reduced their price target on shares of RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Finally, Barclays dropped their price target on shares of RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $283.80.

RenaissanceRe Trading Up 3.1 %

Shares of NYSE RNR traded up $7.08 during mid-day trading on Friday, reaching $235.02. 1,074,167 shares of the company's stock were exchanged, compared to its average volume of 426,144. The company's 50-day moving average is $237.61 and its 200-day moving average is $252.52. RenaissanceRe Holdings Ltd. has a 52-week low of $208.98 and a 52-week high of $300.00. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 2.09 and a beta of 0.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42.

RenaissanceRe (NYSE:RNR - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The insurance provider reported ($1.49) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($1.17). The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.36 billion. RenaissanceRe had a return on equity of 23.41% and a net margin of 15.99%. Analysts expect 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 was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.68%. This is a positive change from RenaissanceRe's previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 14th. RenaissanceRe's payout ratio is 5.10%.

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.