Aquatic Capital Management LLC Acquires Shares of 8,861 RenaissanceRe Holdings Ltd. (NYSE:RNR)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new position in RenaissanceRe during the 4th quarter valued at approximately $11,973,000. Integrated Wealth Concepts LLC grew its position in RenaissanceRe by 19.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 14,630 shares of the insurance provider's stock valued at $3,640,000 after acquiring an additional 2,430 shares during the last quarter. Beacon Investment Advisors LLC increased its stake in RenaissanceRe by 7.7% in the 4th quarter. Beacon Investment Advisors LLC now owns 1,531 shares of the insurance provider's stock worth $381,000 after buying an additional 110 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in shares of RenaissanceRe in the fourth quarter valued at approximately $1,568,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of RenaissanceRe by 113.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,967 shares of the insurance provider's stock worth $987,000 after buying an additional 2,110 shares during the period. Institutional investors own 99.97% of the company's stock.

RenaissanceRe Price Performance

RNR traded down $4.65 on Thursday, reaching $237.28. 376,701 shares of the company's stock were exchanged, compared to its average volume of 425,523. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. The stock's fifty day moving average price is $238.55 and its 200-day moving average price is $251.32. The stock has a market cap of $11.63 billion, a PE ratio of 6.78, a P/E/G ratio of 2.09 and a beta of 0.29. RenaissanceRe Holdings Ltd. has a twelve month low of $208.98 and a twelve month high of $300.00.

RenaissanceRe (NYSE:RNR - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported ($1.49) earnings per share (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 analyst estimates of $3.36 billion. During the same quarter in the previous year, the business posted $12.18 earnings per share. RenaissanceRe's revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts expect that RenaissanceRe Holdings Ltd. will post 26.04 EPS for the current year.

RenaissanceRe Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.67%. This is a boost from RenaissanceRe's previous quarterly dividend of $0.39. RenaissanceRe's dividend payout ratio is presently 5.10%.

Analyst Ratings Changes

A number of equities analysts recently commented on RNR shares. Morgan Stanley raised shares of RenaissanceRe from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $235.00 to $275.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. raised RenaissanceRe from a "neutral" rating to an "overweight" rating and set a $284.00 target price on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group decreased their price objective on shares of RenaissanceRe from $266.00 to $265.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods raised their target price on RenaissanceRe from $279.00 to $282.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Wells Fargo & Company decreased their price objective 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, RenaissanceRe presently has a consensus rating of "Hold" and an average price target of $282.60.

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.