Robeco Institutional Asset Management B.V. Sells 3,783 Shares of RenaissanceRe Holdings Ltd. $RNR

Robeco Institutional Asset Management B.V. reduced its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 29.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,074 shares of the insurance provider's stock after selling 3,783 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in RenaissanceRe were worth $2,204,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group boosted its holdings in shares of RenaissanceRe by 151.7% in the 1st quarter. Brooklyn Investment Group now owns 146 shares of the insurance provider's stock valued at $35,000 after buying an additional 88 shares during the last quarter. Tsfg LLC acquired a new stake in shares of RenaissanceRe in the 1st quarter valued at approximately $40,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of RenaissanceRe by 43.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 186 shares of the insurance provider's stock valued at $45,000 after buying an additional 56 shares during the last quarter. LRI Investments LLC boosted its holdings in shares of RenaissanceRe by 116.5% in the 1st quarter. LRI Investments LLC now owns 262 shares of the insurance provider's stock valued at $63,000 after buying an additional 141 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of RenaissanceRe by 10.5% in the 1st quarter. Advisors Asset Management Inc. now owns 441 shares of the insurance provider's stock valued at $106,000 after buying an additional 42 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

RenaissanceRe Stock Up 0.3%

RNR opened at $267.23 on Wednesday. RenaissanceRe Holdings Ltd. has a fifty-two week low of $219.00 and a fifty-two week high of $300.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $12.58 billion, a P/E ratio of 6.83, a P/E/G ratio of 2.61 and a beta of 0.27. The stock has a fifty day moving average of $245.28 and a 200-day moving average of $242.80.

RenaissanceRe (NYSE:RNR - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The insurance provider reported $12.29 earnings per share for the quarter, topping analysts' consensus estimates of $10.28 by $2.01. RenaissanceRe had a return on equity of 15.00% and a net margin of 15.44%.The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the firm earned $12.41 earnings per share. The company's revenue was down 2.4% on a year-over-year basis. On average, equities analysts expect that RenaissanceRe Holdings Ltd. will post 26.04 EPS for the current year.

RenaissanceRe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. RenaissanceRe's dividend payout ratio (DPR) is currently 4.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on RenaissanceRe from $268.00 to $269.00 and gave the company a "market perform" rating in a report on Monday, July 28th. Weiss Ratings reissued a "buy (b)" rating on shares of RenaissanceRe in a report on Saturday, September 27th. Wolfe Research initiated coverage on RenaissanceRe in a report on Monday, September 15th. They issued a "peer perform" rating for the company. Morgan Stanley cut their price target on RenaissanceRe from $285.00 to $280.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $269.00 price target (up previously from $267.00) on shares of RenaissanceRe in a report on Thursday, July 10th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $281.91.

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.

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