RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,427,756 shares of the insurance provider's stock after purchasing an additional 3,097 shares during the quarter. Vanguard Group Inc. owned approximately 10.45% of RenaissanceRe worth $1,350,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in RNR. Boston Partners grew its holdings in shares of RenaissanceRe by 28.5% during the fourth quarter. Boston Partners now owns 2,013,382 shares of the insurance provider's stock worth $500,991,000 after buying an additional 446,781 shares in the last quarter. Impax Asset Management Group plc boosted its position 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 worth $466,969,000 after acquiring an additional 182,530 shares during the last quarter. Geode Capital Management LLC grew its stake 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 acquiring an additional 25,773 shares during the period. Sei Investments Co. raised its holdings in RenaissanceRe by 19.5% in the 4th quarter. Sei Investments Co. now owns 183,835 shares of the insurance provider's stock valued at $45,744,000 after acquiring an additional 29,974 shares during the last quarter. Finally, Davis Selected Advisers lifted its stake in shares of RenaissanceRe by 0.8% during the 4th quarter. Davis Selected Advisers now owns 142,313 shares of the insurance provider's stock worth $35,409,000 after purchasing an additional 1,099 shares during the period. Institutional investors and hedge funds own 99.97% of the company's stock.

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RenaissanceRe Stock Up 2.1 %

Shares of RNR traded up $5.09 during midday trading on Tuesday, reaching $245.09. 657,377 shares of the company were exchanged, compared to its average volume of 410,544. RenaissanceRe Holdings Ltd. has a 1-year low of $208.98 and a 1-year high of $300.00. The stock has a 50-day moving average price of $239.17 and a 200-day moving average price of $256.34. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 2.09 and a beta of 0.38.

RenaissanceRe (NYSE:RNR - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The insurance provider reported $8.06 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%. Research analysts expect that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current year.

RenaissanceRe Increases Dividend

The company also recently declared 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 0.65%. RenaissanceRe's payout ratio is 4.57%.

Insiders Place Their Bets

In related news, EVP David E. Marra sold 1,000 shares of the business's 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 in the company, valued at approximately $20,178,270.72. The trade was a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RNR shares. Bank of America dropped their target price on RenaissanceRe from $437.00 to $426.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Barclays downgraded shares of RenaissanceRe from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $284.00 to $234.00 in a research note on Monday, January 6th. Jefferies Financial Group reissued a "hold" rating and issued a $282.00 target price (down from $304.00) on shares of RenaissanceRe in a research report on Wednesday, December 18th. Morgan Stanley lowered their target price on shares of RenaissanceRe from $265.00 to $245.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $283.40.

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.