8,861 Shares in RenaissanceRe Holdings Ltd. (NYSE:RNR) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,861 shares of the insurance provider's stock, valued at approximately $2,205,000.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in RenaissanceRe by 57.1% in the 3rd quarter. Barclays PLC now owns 22,923 shares of the insurance provider's stock worth $6,244,000 after buying an additional 8,333 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of RenaissanceRe in the third quarter worth about $16,176,000. Wilmington Savings Fund Society FSB purchased a new position in RenaissanceRe during the 3rd quarter valued at about $405,000. Tidal Investments LLC raised its position in RenaissanceRe by 2.6% during the 3rd quarter. Tidal Investments LLC now owns 9,236 shares of the insurance provider's stock valued at $2,516,000 after purchasing an additional 232 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in RenaissanceRe by 22.9% in the 4th quarter. GAMMA Investing LLC now owns 1,179 shares of the insurance provider's stock worth $293,000 after buying an additional 220 shares during the period. 99.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RNR. JMP Securities reissued a "market perform" rating on shares of RenaissanceRe in a research note on Thursday, April 24th. Bank of America lowered their target price on RenaissanceRe from $437.00 to $426.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Morgan Stanley raised RenaissanceRe from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $235.00 to $275.00 in a research note on Friday, April 25th. Keefe, Bruyette & Woods raised their price objective on RenaissanceRe from $279.00 to $282.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Jefferies Financial Group reduced their target price on shares of RenaissanceRe from $266.00 to $265.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $282.60.

RenaissanceRe Trading Up 2.5 %

RNR stock traded up $5.85 during midday trading on Friday, reaching $243.05. The company's stock had a trading volume of 429,140 shares, compared to its average volume of 424,940. RenaissanceRe Holdings Ltd. has a 1 year low of $208.98 and a 1 year high of $300.00. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 2.09 and a beta of 0.34. The stock has a fifty day simple moving average of $238.75 and a two-hundred day simple moving average of $250.70. 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 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 firm had revenue of $3.44 billion for the quarter, compared to analysts' expectations of $3.36 billion. During the same quarter in the previous year, the business earned $12.18 earnings per share. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that RenaissanceRe Holdings Ltd. will post 26.04 EPS for the current year.

RenaissanceRe Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from RenaissanceRe's previous quarterly dividend of $0.39. RenaissanceRe's payout ratio 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.