Janus Henderson Group PLC Sells 11,830 Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR)

Janus Henderson Group PLC decreased its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 101,172 shares of the insurance provider's stock after selling 11,830 shares during the period. Janus Henderson Group PLC owned 0.19% of RenaissanceRe worth $25,178,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in RenaissanceRe in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new position in RenaissanceRe in the 4th quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in RenaissanceRe by 51.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider's stock valued at $30,000 after buying an additional 41 shares during the period. Jones Financial Companies Lllp raised its position 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 in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in RenaissanceRe by 71.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 99.97% of the company's stock.

RenaissanceRe Stock Up 0.7%

Shares of RNR stock traded up $1.70 on Monday, reaching $247.80. 248,160 shares of the company were exchanged, compared to its average volume of 429,291. 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 company has a 50-day moving average of $240.05 and a 200-day moving average of $248.92. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 2.09 and a beta of 0.34. RenaissanceRe Holdings Ltd. has a one year low of $208.98 and a one year high of $300.00.

RenaissanceRe (NYSE:RNR - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the company posted $12.18 EPS. The firm's revenue was up 7.6% on a year-over-year basis. Analysts anticipate that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current year.

RenaissanceRe Announces Dividend

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

Insider Activity

In related news, CAO James Christopher Fraser sold 332 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $249.54, for a total transaction of $82,847.28. Following the completion of the sale, the chief accounting officer now owns 27,154 shares in the company, valued at approximately $6,776,009.16. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RNR shares. JMP Securities reissued a "market perform" rating on shares of RenaissanceRe in a report on Thursday, April 24th. Barclays dropped their price target on RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company lowered their target price on RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. raised RenaissanceRe from a "neutral" rating to an "overweight" rating and set a $284.00 price objective for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on RenaissanceRe from $279.00 to $282.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. 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 MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $283.60.

RenaissanceRe Company 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.