6,059 Shares in RenaissanceRe Holdings Ltd. (NYSE:RNR) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,059 shares of the insurance provider's stock, valued at approximately $1,508,000.

Several other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of RenaissanceRe during the fourth quarter worth $27,000. SBI Securities Co. Ltd. bought a new position in shares of RenaissanceRe in the 4th quarter worth $29,000. Jones Financial Companies Lllp grew its holdings in shares of RenaissanceRe by 1,587.5% in the 4th quarter. Jones Financial Companies Lllp now owns 135 shares of the insurance provider's stock valued at $34,000 after buying an additional 127 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of RenaissanceRe by 71.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider's stock valued at $39,000 after buying an additional 65 shares during the period. Finally, Huntington National Bank grew its holdings in shares of RenaissanceRe by 179.3% in the 4th quarter. Huntington National Bank now owns 257 shares of the insurance provider's stock valued at $64,000 after buying an additional 165 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RNR has been the topic of several analyst reports. JMP Securities reissued a "market perform" rating on shares of RenaissanceRe in a research report on Thursday, April 24th. Jefferies Financial Group cut their price target 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. Bank of America cut their price target on shares of RenaissanceRe from $437.00 to $426.00 and set a "buy" rating on the stock in a research report on Wednesday, March 26th. Barclays dropped their target price on shares of RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company lowered their price target 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, RenaissanceRe currently has a consensus rating of "Hold" and an average price target of $283.60.

RenaissanceRe Trading Up 1.6%

NYSE RNR traded up $3.80 during mid-day trading on Friday, reaching $246.70. 358,812 shares of the stock were exchanged, compared to its average volume of 437,296. RenaissanceRe Holdings Ltd. has a one year low of $208.98 and a one year high of $300.00. The stock has a 50 day simple moving average of $241.42 and a 200-day simple moving average of $247.09. The stock has a market cap of $12.00 billion, a P/E ratio of 7.04, a P/E/G ratio of 2.09 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42.

RenaissanceRe (NYSE:RNR - Get Free Report) last issued its quarterly earnings data 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). RenaissanceRe had a net margin of 15.99% and a return on equity of 23.41%. The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the prior year, the business earned $12.18 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that RenaissanceRe Holdings Ltd. will post 26.04 EPS for the current year.

RenaissanceRe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Friday, June 13th. RenaissanceRe's dividend payout ratio (DPR) is currently 5.10%.

Insider Buying and Selling

In other news, CAO James Christopher Fraser sold 332 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $249.54, for a total value of $82,847.28. Following the completion of the sale, the chief accounting officer now owns 27,154 shares of the company's stock, valued at approximately $6,776,009.16. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by insiders.

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.