RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 32.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,697,636 shares of the insurance provider's stock after acquiring an additional 415,366 shares during the period. RenaissanceRe makes up about 1.8% of Impax Asset Management Group plc's holdings, making the stock its 11th largest holding. Impax Asset Management Group plc owned approximately 3.21% of RenaissanceRe worth $461,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RNR. Dimensional Fund Advisors LP increased its holdings in RenaissanceRe by 21.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 624,469 shares of the insurance provider's stock valued at $139,579,000 after purchasing an additional 109,851 shares during the last quarter. Cooke & Bieler LP grew its holdings in shares of RenaissanceRe by 9.2% in the second quarter. Cooke & Bieler LP now owns 1,027,601 shares of the insurance provider's stock valued at $229,679,000 after purchasing an additional 86,562 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in RenaissanceRe by 480.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 41,726 shares of the insurance provider's stock worth $9,326,000 after buying an additional 34,534 shares during the period. Earnest Partners LLC lifted its holdings in RenaissanceRe by 6.1% during the 1st quarter. Earnest Partners LLC now owns 578,139 shares of the insurance provider's stock worth $135,880,000 after buying an additional 33,448 shares in the last quarter. Finally, Sei Investments Co. boosted its position in RenaissanceRe by 42.4% in the 2nd quarter. Sei Investments Co. now owns 111,369 shares of the insurance provider's stock valued at $24,892,000 after buying an additional 33,154 shares during the period. Institutional investors and hedge funds own 99.97% of the company's stock.

Insider Activity

In related news, EVP David E. Marra sold 1,000 shares of RenaissanceRe stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $279.00, for a total transaction of $279,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,044 shares in the company, valued at $22,890,276. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

RNR has been the topic of several analyst reports. Jefferies Financial Group increased their price objective on RenaissanceRe from $270.00 to $314.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Barclays started coverage on shares of RenaissanceRe in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $287.00 price target on the stock. Bank of America upped their price objective on shares of RenaissanceRe from $364.00 to $391.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their target price on RenaissanceRe from $280.00 to $314.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Finally, UBS Group reduced their price objective on RenaissanceRe from $251.00 to $248.00 and set a "neutral" rating for the company in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $289.00.

RenaissanceRe Price Performance

Shares of RenaissanceRe stock traded up $2.42 on Monday, hitting $266.49. The company's stock had a trading volume of 378,187 shares, compared to its average volume of 345,115. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $266.06 and a 200-day moving average price of $240.35. RenaissanceRe Holdings Ltd. has a 52-week low of $188.24 and a 52-week high of $284.36. The company has a market capitalization of $13.90 billion, a P/E ratio of 5.28, a price-to-earnings-growth ratio of 1.71 and a beta of 0.39.

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.