Corient Private Wealth LLC Has $2.30 Million Stock Holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Corient Private Wealth LLC grew its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,247 shares of the insurance provider's stock after purchasing an additional 1,532 shares during the quarter. Corient Private Wealth LLC's holdings in RenaissanceRe were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Impax Asset Management Group plc raised its holdings in RenaissanceRe by 10.8% during the fourth quarter. Impax Asset Management Group plc now owns 1,880,166 shares of the insurance provider's stock valued at $466,969,000 after buying an additional 182,530 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of RenaissanceRe in the 3rd quarter valued at approximately $3,684,000. Fisher Asset Management LLC raised its stake in shares of RenaissanceRe by 12.3% in the 3rd quarter. Fisher Asset Management LLC now owns 80,773 shares of the insurance provider's stock valued at $22,003,000 after acquiring an additional 8,844 shares in the last quarter. Geode Capital Management LLC lifted its holdings in RenaissanceRe by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 920,814 shares of the insurance provider's stock worth $250,892,000 after purchasing an additional 25,773 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of RenaissanceRe by 367.4% in the third quarter. Citigroup Inc. now owns 30,476 shares of the insurance provider's stock worth $8,302,000 after buying an additional 23,956 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

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RenaissanceRe Trading Up 1.0 %

NYSE:RNR traded up $2.51 on Thursday, hitting $246.78. 322,855 shares of the stock were exchanged, compared to its average volume of 393,075. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 2.09 and a beta of 0.38. 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 Holdings Ltd. has a 52 week low of $208.98 and a 52 week high of $300.00. The company's 50-day moving average price is $240.27 and its 200 day moving average price is $256.70.

RenaissanceRe (NYSE:RNR - Get Free Report) last posted its quarterly 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 net margin of 15.99% and a return on equity of 23.41%. On average, equities research analysts forecast that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current year.

RenaissanceRe Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from RenaissanceRe's previous quarterly dividend of $0.39. RenaissanceRe's dividend payout ratio is 4.57%.

Analysts Set New Price Targets

A number of research firms recently weighed in on RNR. Wells Fargo & Company decreased their target price on RenaissanceRe from $288.00 to $277.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Morgan Stanley reduced their target price on RenaissanceRe from $265.00 to $245.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted 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. Bank of America decreased their target price on shares of RenaissanceRe from $437.00 to $426.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $282.00 price target (down previously from $304.00) on shares of RenaissanceRe in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $283.40.

Insider Transactions at RenaissanceRe

In other RenaissanceRe news, EVP David E. Marra sold 1,000 shares of the stock in a transaction dated 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 approximately $20,178,270.72. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

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.