RenaissanceRe Holdings Ltd. (NYSE:RNR) Holdings Trimmed by Fiera Capital Corp

Fiera Capital Corp cut its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,552 shares of the insurance provider’s stock after selling 6,089 shares during the quarter. Fiera Capital Corp owned about 0.37% of RenaissanceRe worth $52,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Impax Asset Management Group plc raised its holdings in shares of RenaissanceRe by 32.4% in the 3rd quarter. Impax Asset Management Group plc now owns 1,697,636 shares of the insurance provider’s stock worth $461,679,000 after purchasing an additional 415,366 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of RenaissanceRe by 9.2% during the 2nd quarter. Cooke & Bieler LP now owns 1,027,601 shares of the insurance provider’s stock valued at $229,679,000 after acquiring an additional 86,562 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of RenaissanceRe by 21.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 624,469 shares of the insurance provider’s stock worth $139,579,000 after acquiring an additional 109,851 shares during the last quarter. Earnest Partners LLC raised its position in shares of RenaissanceRe by 6.1% during the first quarter. Earnest Partners LLC now owns 578,139 shares of the insurance provider’s stock worth $135,880,000 after purchasing an additional 33,448 shares during the period. Finally, Great Lakes Advisors LLC lifted its holdings in shares of RenaissanceRe by 3.1% during the second quarter. Great Lakes Advisors LLC now owns 254,965 shares of the insurance provider’s stock valued at $56,987,000 after purchasing an additional 7,718 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP David E. Marra sold 1,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $279.00, for a total value of $279,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,044 shares in the company, valued at approximately $22,890,276. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

RenaissanceRe Stock Performance

Shares of NYSE:RNR traded up $2.00 during midday trading on Friday, hitting $267.81. The company’s stock had a trading volume of 161,696 shares, compared to its average volume of 347,684. RenaissanceRe Holdings Ltd. has a fifty-two week low of $188.24 and a fifty-two week high of $300.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of 3.84, a PEG ratio of 1.82 and a beta of 0.39. The stock’s 50 day simple moving average is $267.36 and its 200 day simple moving average is $241.40.

RenaissanceRe (NYSE:RNR) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $10.23 earnings per share for the quarter, beating the consensus estimate of $7.89 by $2.34. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.35 billion. RenaissanceRe had a return on equity of 27.34% and a net margin of 28.84%. RenaissanceRe’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the prior year, the business earned $8.33 earnings per share. As a group, research analysts anticipate that RenaissanceRe Holdings Ltd. will post 39.96 earnings per share for the current year.

RenaissanceRe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, December 13th. RenaissanceRe’s dividend payout ratio is currently 2.25%.

Analysts Set New Price Targets

RNR has been the subject of a number of recent analyst reports. StockNews.com lowered shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their target price on RenaissanceRe from $274.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on shares of RenaissanceRe from $270.00 to $314.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays initiated coverage on RenaissanceRe in a report on Wednesday, September 4th. They set an “equal weight” rating and a $287.00 price objective for the company. Finally, Citigroup increased their price objective on RenaissanceRe from $262.00 to $298.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $291.30.

RenaissanceRe 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.