Aviva PLC Has $1.05 Million Stock Holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Aviva PLC lifted its stake in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 115.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,210 shares of the insurance provider's stock after purchasing an additional 2,259 shares during the period. Aviva PLC's holdings in RenaissanceRe were worth $1,047,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RNR. SBI Securities Co. Ltd. acquired a new stake in shares of RenaissanceRe during the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB increased its stake in RenaissanceRe by 51.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider's stock valued at $30,000 after buying an additional 41 shares during the period. Jones Financial Companies Lllp raised its holdings in RenaissanceRe by 1,587.5% during the fourth quarter. Jones Financial Companies Lllp now owns 135 shares of the insurance provider's stock worth $34,000 after purchasing an additional 127 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 buying an additional 65 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of RenaissanceRe by 40.0% during the 4th quarter. UMB Bank n.a. now owns 175 shares of the insurance provider's stock worth $44,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

Insider Transactions at RenaissanceRe

In related news, EVP David E. Marra sold 1,000 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 79,392 shares in the company, valued at approximately $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 SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

RenaissanceRe Stock Up 0.7 %

Shares of RenaissanceRe stock traded up $1.69 during trading on Tuesday, hitting $241.48. 22,797 shares of the stock traded hands, compared to its average volume of 415,506. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $11.83 billion, a P/E ratio of 6.89, a PEG ratio of 2.09 and a beta of 0.29. The company has a fifty day moving average price of $237.05 and a two-hundred day moving average price of $254.13. RenaissanceRe Holdings Ltd. has a twelve month low of $208.98 and a twelve month high of $300.00.

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

RenaissanceRe Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.40 per share. This is an increase 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 yield of 0.66%. RenaissanceRe's dividend payout ratio is presently 4.57%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America decreased their target price on RenaissanceRe from $437.00 to $426.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Keefe, Bruyette & Woods reduced their price target on RenaissanceRe from $318.00 to $294.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. JMP Securities restated a "market perform" rating on shares of RenaissanceRe in a report on Thursday, January 30th. Barclays cut their price target on shares of RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised shares of RenaissanceRe from a "neutral" rating to an "overweight" rating and set a $284.00 target price on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $280.80.

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.