Mutual of America Capital Management LLC Has $7.68 Million Position in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Mutual of America Capital Management LLC lessened its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,188 shares of the insurance provider's stock after selling 2,088 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of RenaissanceRe worth $7,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RNR. Russell Investments Group Ltd. boosted its position in shares of RenaissanceRe by 16.9% during the first quarter. Russell Investments Group Ltd. now owns 27,448 shares of the insurance provider's stock worth $6,451,000 after buying an additional 3,962 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of RenaissanceRe by 3.7% during the 1st quarter. Orion Portfolio Solutions LLC now owns 5,985 shares of the insurance provider's stock worth $1,407,000 after acquiring an additional 213 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of RenaissanceRe by 741.7% in the first quarter. Acadian Asset Management LLC now owns 1,111 shares of the insurance provider's stock valued at $261,000 after purchasing an additional 979 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of RenaissanceRe by 4.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,168 shares of the insurance provider's stock worth $10,152,000 after purchasing an additional 1,850 shares in the last quarter. Finally, Natixis acquired a new position in RenaissanceRe during the first quarter worth $2,462,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RenaissanceRe

In related news, EVP David E. Marra sold 1,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $279.00, for a total value of $279,000.00. Following the completion of the transaction, the executive vice president now owns 82,044 shares of the company's stock, valued at $22,890,276. This represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

RNR has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of RenaissanceRe from $280.00 to $314.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. StockNews.com cut RenaissanceRe from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on RenaissanceRe from $274.00 to $280.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods dropped their price objective on RenaissanceRe from $316.00 to $310.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Finally, Citigroup increased their price objective on RenaissanceRe from $262.00 to $298.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $293.00.

RenaissanceRe Stock Up 0.5 %

RNR stock opened at $261.51 on Tuesday. RenaissanceRe Holdings Ltd. has a fifty-two week low of $188.24 and a fifty-two week high of $300.00. 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 stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 3.77, a PEG ratio of 1.32 and a beta of 0.39. The business's fifty day moving average price is $268.02 and its two-hundred day moving average price is $243.76.

RenaissanceRe (NYSE:RNR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $10.23 earnings per share for the quarter, topping the consensus estimate of $7.89 by $2.34. RenaissanceRe had a net margin of 28.84% and a return on equity of 26.31%. The business had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the previous year, the company earned $8.33 EPS. The business's revenue was up 52.1% on a year-over-year basis. On average, equities analysts anticipate that RenaissanceRe Holdings Ltd. will post 40.31 earnings per share for the current year.

RenaissanceRe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.60%. RenaissanceRe's payout ratio is 2.25%.

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.