RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 76.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,042 shares of the insurance provider's stock after selling 76,579 shares during the period. Schroder Investment Management Group's holdings in RenaissanceRe were worth $5,982,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of RenaissanceRe in the 4th 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. 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. Finally, UMB Bank n.a. increased its stake 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. Hedge funds and other institutional investors own 99.97% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on RNR shares. JPMorgan Chase & Co. upgraded RenaissanceRe from a "neutral" rating to an "overweight" rating and set a $284.00 target price on the stock in a report on Tuesday. Barclays lowered RenaissanceRe from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $284.00 to $234.00 in a research note on Monday, January 6th. Bank of America cut their target price on shares of RenaissanceRe from $437.00 to $426.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Wells Fargo & Company decreased their price target on shares of RenaissanceRe from $288.00 to $277.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $282.00 price objective (down previously from $304.00) on shares of RenaissanceRe in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $283.40.

RenaissanceRe Trading Up 6.1 %

RNR stock traded up $13.77 during trading on Wednesday, reaching $239.98. 514,272 shares of the stock traded hands, compared to its average volume of 416,079. The firm has a market capitalization of $11.76 billion, a PE ratio of 6.85, a P/E/G ratio of 2.09 and a beta of 0.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. The business's 50 day moving average price is $236.84 and its 200-day moving average price is $254.83. RenaissanceRe Holdings Ltd. has a 52-week low of $208.98 and a 52-week high of $300.00.

RenaissanceRe (NYSE:RNR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $8.06 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current year.

RenaissanceRe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.40 dividend. 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 dividend yield of 0.67%. RenaissanceRe's dividend payout ratio is presently 4.57%.

Insider Activity

In other RenaissanceRe news, EVP David E. Marra sold 1,000 shares of the company's stock in a transaction that occurred 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 owns 79,392 shares in the company, valued at $20,178,270.72. This represents a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company's stock.

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.