Jefferies Financial Group Inc. Has $760,000 Stake in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Jefferies Financial Group Inc. decreased its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 85.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,053 shares of the insurance provider's stock after selling 17,271 shares during the period. Jefferies Financial Group Inc.'s holdings in RenaissanceRe were worth $760,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of RenaissanceRe during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of RenaissanceRe during the fourth quarter worth $29,000. MassMutual Private Wealth & Trust FSB boosted its position in RenaissanceRe by 51.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider's stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Jones Financial Companies Lllp grew its stake in RenaissanceRe by 1,587.5% in the fourth quarter. Jones Financial Companies Lllp now owns 135 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 127 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in RenaissanceRe by 71.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider's stock worth $39,000 after purchasing an additional 65 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

RenaissanceRe Stock Performance

Shares of NYSE:RNR traded up $1.70 during midday trading on Monday, hitting $247.80. The company's stock had a trading volume of 248,160 shares, compared to its average volume of 429,291. The stock's 50 day simple moving average is $240.05 and its 200 day simple moving average is $248.92. RenaissanceRe Holdings Ltd. has a fifty-two week low of $208.98 and a fifty-two week high of $300.00. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 2.09 and a beta of 0.34. 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 issued its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported ($1.49) EPS for the quarter, missing analysts' consensus estimates of ($0.32) by ($1.17). The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.36 billion. RenaissanceRe had a return on equity of 23.41% and a net margin of 15.99%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $12.18 earnings per share. As a group, research analysts anticipate that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current year.

RenaissanceRe Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RNR shares. Keefe, Bruyette & Woods lifted their price target on RenaissanceRe from $279.00 to $282.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Bank of America reduced their target price on shares of RenaissanceRe from $437.00 to $426.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Jefferies Financial Group dropped their price target on shares of RenaissanceRe from $266.00 to $265.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. JMP Securities reaffirmed a "market perform" rating on shares of RenaissanceRe in a research note on Thursday, April 24th. Finally, Morgan Stanley increased their target price on shares of RenaissanceRe from $275.00 to $285.00 and gave the stock an "overweight" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, RenaissanceRe currently has a consensus rating of "Hold" and a consensus price target of $283.60.

Insider Activity at RenaissanceRe

In other RenaissanceRe news, CAO James Christopher Fraser sold 332 shares of the business'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 sale, the chief accounting officer now owns 27,154 shares of the company's stock, valued at $6,776,009.16. The trade was a 1.21% decrease in their position. 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.

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.