Glenmede Trust Co. NA lessened its position in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,610 shares of the insurance provider’s stock after selling 499 shares during the period. Glenmede Trust Co. NA owned about 0.20% of RenaissanceRe worth $10,248,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Advisor Group Inc. lifted its position in RenaissanceRe by 89.6% during the 4th quarter. Advisor Group Inc. now owns 1,117 shares of the insurance provider’s stock worth $140,000 after buying an additional 528 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in RenaissanceRe during the 4th quarter worth about $176,000. Cadence Capital Management LLC acquired a new position in RenaissanceRe during the 3rd quarter worth about $219,000. Toronto Dominion Bank lifted its position in RenaissanceRe by 241.0% during the 3rd quarter. Toronto Dominion Bank now owns 1,715 shares of the insurance provider’s stock worth $232,000 after buying an additional 1,212 shares in the last quarter. Finally, Unison Advisors LLC acquired a new position in RenaissanceRe during the 4th quarter worth about $219,000. Institutional investors own 95.11% of the company’s stock.

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Shares of RenaissanceRe stock opened at $138.79 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $5,524.48, a PE ratio of -21.86, a PEG ratio of 1.46 and a beta of 0.60. RenaissanceRe Holdings Ltd. has a 52 week low of $116.50 and a 52 week high of $152.00.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.29. The company had revenue of $288.22 million during the quarter, compared to analysts’ expectations of $227.65 million. RenaissanceRe had a negative return on equity of 7.68% and a negative net margin of 10.57%. RenaissanceRe’s revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.66 EPS. sell-side analysts predict that RenaissanceRe Holdings Ltd. will post 9.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, March 14th. This is a boost from RenaissanceRe’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.95%. RenaissanceRe’s dividend payout ratio is -20.79%.

RNR has been the topic of several research reports. Wells Fargo set a $140.00 price target on shares of RenaissanceRe and gave the stock a “hold” rating in a research report on Wednesday, December 6th. Zacks Investment Research downgraded shares of RenaissanceRe from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Citigroup set a $152.00 target price on shares of RenaissanceRe and gave the company a “buy” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. RenaissanceRe presently has an average rating of “Hold” and an average target price of $145.88.

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About RenaissanceRe

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.

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Institutional Ownership by Quarter for RenaissanceRe (NYSE:RNR)

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