5,251 Shares in RenaissanceRe Holdings Ltd. (NYSE:RNR) Bought by Anderson Financial Strategies LLC

Anderson Financial Strategies LLC acquired a new position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,251 shares of the insurance provider's stock, valued at approximately $1,307,000. RenaissanceRe makes up 0.8% of Anderson Financial Strategies LLC's holdings, making the stock its 25th largest position.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of RenaissanceRe by 51.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider's stock worth $30,000 after purchasing an additional 41 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of RenaissanceRe by 40.0% during the fourth quarter. UMB Bank n.a. now owns 175 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 50 shares during the last quarter. Lifestyle Asset Management Inc. boosted its stake in RenaissanceRe by 1.1% in the 4th quarter. Lifestyle Asset Management Inc. now owns 4,645 shares of the insurance provider's stock worth $1,156,000 after purchasing an additional 52 shares during the period. AMG National Trust Bank increased its holdings in shares of RenaissanceRe by 1.3% in the 4th quarter. AMG National Trust Bank now owns 4,688 shares of the insurance provider's stock valued at $1,166,000 after purchasing an additional 59 shares during the period. Finally, Principal Securities Inc. grew its stake in RenaissanceRe by 11.9% in the fourth quarter. Principal Securities Inc. now owns 565 shares of the insurance provider's stock valued at $141,000 after purchasing an additional 60 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RNR shares. Barclays lowered their price target on RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. upgraded shares of RenaissanceRe from a "neutral" rating to an "overweight" rating and set a $284.00 price target for the company in a research report on Tuesday, April 8th. Morgan Stanley raised shares of RenaissanceRe from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $235.00 to $275.00 in a research note on Friday, April 25th. Wells Fargo & Company dropped their price objective on shares of RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, JMP Securities restated a "market perform" rating on shares of RenaissanceRe in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $282.60.

RenaissanceRe Trading Up 1.1 %

Shares of NYSE RNR traded up $2.70 during mid-day trading on Thursday, hitting $250.84. The stock had a trading volume of 191,614 shares, compared to its average volume of 423,792. RenaissanceRe Holdings Ltd. has a 1 year low of $208.98 and a 1 year high of $300.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day moving average price of $239.54 and a two-hundred day moving average price of $250.41. The firm has a market cap of $12.20 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 2.09 and a beta of 0.34.

RenaissanceRe (NYSE:RNR - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported ($1.49) EPS for the quarter, missing the consensus estimate of ($0.32) by ($1.17). RenaissanceRe had a return on equity of 23.41% and a net margin of 15.99%. The business had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the business posted $12.18 earnings per share. RenaissanceRe's quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that RenaissanceRe Holdings Ltd. will post 26.04 EPS for the current fiscal year.

RenaissanceRe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.64%. RenaissanceRe's dividend payout ratio is currently 5.10%.

About RenaissanceRe

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.