RenaissanceRe Holdings Ltd. (NYSE:RNR) Position Reduced by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. lessened its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,949 shares of the insurance provider's stock after selling 22,635 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 0.42% of RenaissanceRe worth $54,477,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of RenaissanceRe in the 4th quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in RenaissanceRe during the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of RenaissanceRe by 51.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider's stock valued at $30,000 after purchasing an additional 41 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of RenaissanceRe by 1,587.5% in the fourth quarter. Jones Financial Companies Lllp now owns 135 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 127 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of RenaissanceRe by 71.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider's stock worth $39,000 after purchasing an additional 65 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

RenaissanceRe Stock Up 3.1 %

Shares of RNR traded up $7.08 during midday trading on Friday, reaching $235.02. 1,074,167 shares of the company were exchanged, compared to its average volume of 545,491. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. RenaissanceRe Holdings Ltd. has a 1-year low of $208.98 and a 1-year high of $300.00. The company has a market cap of $11.52 billion, a price-to-earnings ratio of 6.71, a P/E/G ratio of 2.09 and a beta of 0.29. The stock has a 50-day moving average price of $237.61 and a 200-day moving average price of $252.52.

RenaissanceRe (NYSE:RNR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($1.17). RenaissanceRe had a net margin of 15.99% and a return on equity of 23.41%. The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.36 billion. Research analysts expect that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current year.

RenaissanceRe Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.40 dividend. This is a boost 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 dividend yield of 0.68%. RenaissanceRe's payout ratio is 5.10%.

Analyst Ratings Changes

A number of research firms have recently weighed in on RNR. Barclays cut their price target on RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating for the company in a report on Friday, April 11th. 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. Jefferies Financial Group lowered their target price on shares of RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of RenaissanceRe from $318.00 to $294.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Finally, JMP Securities restated a "market perform" rating on shares of RenaissanceRe in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $283.80.

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.