Sepio Capital LP Makes New $2.32 Million Investment in RenaissanceRe Holdings Ltd. $RNR

Sepio Capital LP bought a new position in RenaissanceRe Holdings Ltd. (NYSE:RNR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,249 shares of the insurance provider’s stock, valued at approximately $2,319,000.

Other institutional investors have also added to or reduced their stakes in the company. Kingdom Financial Group LLC. bought a new position in RenaissanceRe in the 4th quarter worth about $36,000. Quarry LP increased its stake in RenaissanceRe by 65.0% in the 3rd quarter. Quarry LP now owns 132 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 52 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in RenaissanceRe by 235.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 134 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in RenaissanceRe by 33.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 147 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 37 shares during the last quarter. Finally, Clearstead Advisors LLC increased its stake in RenaissanceRe by 134.7% in the 4th quarter. Clearstead Advisors LLC now owns 176 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 101 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RNR shares. Evercore set a $309.00 target price on RenaissanceRe in a research note on Thursday, April 9th. Weiss Ratings upgraded RenaissanceRe from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, May 26th. Morgan Stanley lowered RenaissanceRe from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective on the stock. in a research report on Thursday, February 26th. Wall Street Zen lowered RenaissanceRe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, TD Cowen increased their price objective on RenaissanceRe from $280.00 to $290.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $323.64.

RenaissanceRe Price Performance

Shares of RenaissanceRe stock opened at $298.39 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $12.72 billion, a PE ratio of 4.97, a price-to-earnings-growth ratio of 0.81 and a beta of 0.18. The business’s 50-day moving average price is $298.91 and its 200-day moving average price is $289.24. RenaissanceRe Holdings Ltd. has a 12 month low of $231.17 and a 12 month high of $318.20.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $13.75 EPS for the quarter. The firm had revenue of $2.19 billion for the quarter. RenaissanceRe had a return on equity of 24.01% and a net margin of 24.25%. Sell-side analysts forecast that RenaissanceRe Holdings Ltd. will post 40.05 EPS for the current fiscal year.

RenaissanceRe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, June 15th. This represents a $1.64 annualized dividend and a yield of 0.5%. RenaissanceRe’s dividend payout ratio is currently 2.73%.

RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.