RenaissanceRe Holdings Ltd. (NYSE:RNR) is Nepsis Inc.'s 5th Largest Position

Nepsis Inc. grew its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 32.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,983 shares of the insurance provider's stock after acquiring an additional 31,915 shares during the period. RenaissanceRe accounts for 4.6% of Nepsis Inc.'s portfolio, making the stock its 5th largest holding. Nepsis Inc. owned 0.25% of RenaissanceRe worth $32,092,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. AE Wealth Management LLC bought a new position in shares of RenaissanceRe in the second quarter worth approximately $216,000. EverSource Wealth Advisors LLC lifted its stake in shares of RenaissanceRe by 19.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 272 shares of the insurance provider's stock valued at $63,000 after buying an additional 45 shares in the last quarter. Marshall Wace LLP boosted its holdings in RenaissanceRe by 1,066.1% in the 2nd quarter. Marshall Wace LLP now owns 11,661 shares of the insurance provider's stock worth $2,606,000 after buying an additional 10,661 shares during the period. The Manufacturers Life Insurance Company increased its stake in RenaissanceRe by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,487 shares of the insurance provider's stock worth $10,390,000 after buying an additional 2,459 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in RenaissanceRe by 68.1% during the second quarter. Mackenzie Financial Corp now owns 12,769 shares of the insurance provider's stock valued at $2,854,000 after acquiring an additional 5,173 shares during the period. Institutional investors own 99.97% of the company's stock.

Insider Activity at RenaissanceRe

In related news, EVP David E. Marra sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $254.16, for a total value of $254,160.00. Following the transaction, the executive vice president now owns 79,392 shares of the company's stock, valued at $20,178,270.72. This represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

RenaissanceRe Trading Up 1.7 %

Shares of NYSE:RNR traded up $4.17 during trading on Friday, hitting $256.14. The company had a trading volume of 363,742 shares, compared to its average volume of 406,055. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 3.69, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.43 and a quick ratio of 1.43. The company has a fifty day simple moving average of $261.80 and a two-hundred day simple moving average of $256.30. RenaissanceRe Holdings Ltd. has a one year low of $205.62 and a one year high of $300.00.

RenaissanceRe (NYSE:RNR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $10.23 EPS for the quarter, topping the consensus estimate of $7.89 by $2.34. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.35 billion. RenaissanceRe had a net margin of 28.84% and a return on equity of 26.31%. RenaissanceRe's quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.33 earnings per share. As a group, equities analysts forecast that RenaissanceRe Holdings Ltd. will post 42.52 earnings per share for the current year.

RenaissanceRe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date was Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.61%. RenaissanceRe's dividend payout ratio (DPR) is presently 2.25%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group reiterated 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. Bank of America increased their price objective on shares of RenaissanceRe from $364.00 to $391.00 and gave the company a "buy" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of RenaissanceRe from $280.00 to $284.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Wells Fargo & Company reduced their price target on shares of RenaissanceRe from $301.00 to $288.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Finally, StockNews.com downgraded shares of RenaissanceRe from a "buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $284.00.

RenaissanceRe Company 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.