Anderson Financial Strategies LLC Takes Position in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Anderson Financial Strategies LLC bought a new stake in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,251 shares of the insurance provider's stock, valued at approximately $1,307,000. RenaissanceRe comprises 0.8% of Anderson Financial Strategies LLC's investment portfolio, making the stock its 25th biggest position.

Other large investors also recently made changes to their positions in the company. Impax Asset Management Group plc raised its position in shares of RenaissanceRe by 10.8% in the fourth quarter. Impax Asset Management Group plc now owns 1,880,166 shares of the insurance provider's stock valued at $466,969,000 after buying an additional 182,530 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of RenaissanceRe during the 4th quarter valued at $561,000. Barclays PLC lifted its position in shares of RenaissanceRe by 57.1% during the 3rd quarter. Barclays PLC now owns 22,923 shares of the insurance provider's stock valued at $6,244,000 after acquiring an additional 8,333 shares during the period. Franklin Resources Inc. acquired a new stake in shares of RenaissanceRe during the 4th quarter worth $1,086,000. Finally, Proficio Capital Partners LLC bought a new position in shares of RenaissanceRe in the fourth quarter worth $7,986,000. Institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

RNR has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on shares of RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group cut their target price on RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. JMP Securities reiterated a "market perform" rating on shares of RenaissanceRe in a research note on Thursday, April 24th. Morgan Stanley upgraded RenaissanceRe from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $235.00 to $275.00 in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods lifted their target price on RenaissanceRe from $279.00 to $282.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $282.60.

RenaissanceRe Trading Up 1.4 %

Shares of NYSE:RNR traded up $3.30 during midday trading on Monday, reaching $246.54. The company's stock had a trading volume of 312,666 shares, compared to its average volume of 424,491. The firm has a 50 day moving average price of $239.06 and a two-hundred day moving average price of $250.45. RenaissanceRe Holdings Ltd. has a fifty-two week low of $208.98 and a fifty-two week high of $300.00. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 2.09 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42.

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

RenaissanceRe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.65%. This is a boost from RenaissanceRe's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 14th. RenaissanceRe's dividend payout ratio (DPR) is presently 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.