Ameritas Investment Partners Inc. lifted its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,088 shares of the insurance provider’s stock after buying an additional 18 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in RenaissanceRe Holdings were worth $1,958,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its stake in shares of RenaissanceRe Holdings by 2.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 69,320 shares of the insurance provider’s stock valued at $9,639,000 after buying an additional 1,788 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of RenaissanceRe Holdings by 16.0% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,740 shares of the insurance provider’s stock valued at $1,771,000 after buying an additional 1,761 shares in the last quarter. ARGA Investment Management LP lifted its stake in shares of RenaissanceRe Holdings by 5.1% during the 2nd quarter. ARGA Investment Management LP now owns 12,380 shares of the insurance provider’s stock valued at $1,721,000 after buying an additional 600 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in shares of RenaissanceRe Holdings by 22.2% during the 2nd quarter. Great Lakes Advisors LLC now owns 17,029 shares of the insurance provider’s stock valued at $2,368,000 after buying an additional 3,096 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of RenaissanceRe Holdings by 3.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 158,425 shares of the insurance provider’s stock valued at $22,029,000 after buying an additional 5,975 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

In other RenaissanceRe Holdings news, CEO Kevin Odonnell sold 5,000 shares of RenaissanceRe Holdings stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $134.89, for a total transaction of $674,450.00. Following the transaction, the chief executive officer now owns 197,904 shares of the company’s stock, valued at $26,695,270.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ross Curtis sold 5,300 shares of RenaissanceRe Holdings stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $148.23, for a total transaction of $785,619.00. Following the transaction, the senior vice president now directly owns 98,564 shares in the company, valued at approximately $14,610,141.72. The disclosure for this sale can be found here. Insiders have sold 48,644 shares of company stock worth $7,132,297 in the last ninety days. Insiders own 1.80% of the company’s stock.

RNR has been the topic of a number of recent research reports. BidaskClub cut shares of RenaissanceRe Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Wells Fargo & Company set a $140.00 price target on shares of RenaissanceRe Holdings and gave the company a “hold” rating in a research note on Wednesday, October 4th. Buckingham Research initiated coverage on shares of RenaissanceRe Holdings in a research note on Monday, September 11th. They set a “buy” rating and a $165.00 price target on the stock. J P Morgan Chase & Co cut shares of RenaissanceRe Holdings from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $165.00 to $145.00 in a research note on Friday, July 28th. Finally, Zacks Investment Research cut shares of RenaissanceRe Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $143.28.

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RenaissanceRe Holdings Ltd. (RNR) traded up 0.51% during mid-day trading on Friday, reaching $139.55. 387,885 shares of the company were exchanged. The stock has a 50 day moving average of $135.33 and a 200-day moving average of $140.54. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 11.91 and a beta of 0.65. RenaissanceRe Holdings Ltd. has a one year low of $120.55 and a one year high of $152.00.

RenaissanceRe Holdings (NYSE:RNR) last issued its quarterly earnings results on Tuesday, July 25th. The insurance provider reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.46. RenaissanceRe Holdings had a net margin of 28.30% and a return on equity of 8.49%. The business had revenue of $555.75 million for the quarter, compared to the consensus estimate of $540.65 million. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts expect that RenaissanceRe Holdings Ltd. will post ($5.29) earnings per share for the current fiscal year.

RenaissanceRe Holdings declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 8.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, September 14th. RenaissanceRe Holdings’s dividend payout ratio is currently 10.90%.

About RenaissanceRe Holdings

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Company’s products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. Its segments include Property; Casualty and Specialty, and Other category.

Institutional Ownership by Quarter for RenaissanceRe Holdings (NYSE:RNR)

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