RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Bought by Leuthold Group LLC

Leuthold Group LLC lifted its position in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,661 shares of the insurance provider's stock after buying an additional 7,500 shares during the quarter. Leuthold Group LLC owned approximately 0.06% of RenaissanceRe worth $6,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RNR. GAMMA Investing LLC purchased a new position in shares of RenaissanceRe during the fourth quarter worth approximately $37,000. Bruce G. Allen Investments LLC bought a new position in shares of RenaissanceRe in the fourth quarter worth approximately $38,000. Daiwa Securities Group Inc. bought a new position in shares of RenaissanceRe in the fourth quarter worth approximately $39,000. VisionPoint Advisory Group LLC bought a new position in shares of RenaissanceRe in the third quarter worth approximately $57,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of RenaissanceRe by 88.0% in the fourth quarter. First Horizon Advisors Inc. now owns 344 shares of the insurance provider's stock worth $67,000 after purchasing an additional 161 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RNR shares. UBS Group raised their target price on shares of RenaissanceRe from $229.00 to $238.00 and gave the stock a "neutral" rating in a report on Monday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of RenaissanceRe from $237.00 to $245.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. Evercore ISI lifted their price target on shares of RenaissanceRe from $216.00 to $218.00 and gave the company an "underperform" rating in a report on Wednesday, May 1st. BMO Capital Markets lifted their price target on shares of RenaissanceRe from $216.00 to $295.00 and gave the company an "outperform" rating in a report on Monday, February 5th. Finally, TD Cowen assumed coverage on shares of RenaissanceRe in a report on Wednesday, January 10th. They issued a "market perform" rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $249.00.

Insider Transactions at RenaissanceRe

In other RenaissanceRe news, Director Carol P. Sanders sold 880 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $227.59, for a total value of $200,279.20. Following the completion of the transaction, the director now owns 5,363 shares of the company's stock, valued at approximately $1,220,565.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other RenaissanceRe news, CFO Robert Qutub sold 2,500 shares of the business's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $234.56, for a total value of $586,400.00. Following the completion of the transaction, the chief financial officer now owns 70,424 shares of the company's stock, valued at approximately $16,518,653.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carol P. Sanders sold 880 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $227.59, for a total value of $200,279.20. Following the completion of the transaction, the director now directly owns 5,363 shares of the company's stock, valued at approximately $1,220,565.17. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

RenaissanceRe Stock Up 0.9 %

Shares of RNR stock traded up $2.03 during mid-day trading on Tuesday, reaching $225.01. 412,589 shares of the company's stock traded hands, compared to its average volume of 368,920. The company's 50-day moving average price is $226.35 and its 200-day moving average price is $216.32. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.21. The company has a market cap of $11.90 billion, a P/E ratio of 4.97, a P/E/G ratio of 1.95 and a beta of 0.31. RenaissanceRe Holdings Ltd. has a 12 month low of $174.22 and a 12 month high of $239.42.

RenaissanceRe (NYSE:RNR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $12.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.86 by $2.32. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.05 billion. RenaissanceRe had a return on equity of 27.09% and a net margin of 24.79%. RenaissanceRe's quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.16 EPS. On average, equities analysts expect that RenaissanceRe Holdings Ltd. will post 35.4 earnings per share for the current fiscal year.

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.