XTX Topco Ltd Grows Position in RenaissanceRe Holdings Ltd. (NYSE:RNR)

XTX Topco Ltd increased its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 944.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,710 shares of the insurance provider's stock after acquiring an additional 8,780 shares during the quarter. XTX Topco Ltd's holdings in RenaissanceRe were worth $2,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of RNR. Norges Bank purchased a new position in RenaissanceRe in the 4th quarter worth approximately $173,530,000. Boston Partners lifted its position in shares of RenaissanceRe by 28.5% in the fourth quarter. Boston Partners now owns 2,013,382 shares of the insurance provider's stock valued at $500,991,000 after acquiring an additional 446,781 shares in the last quarter. Geode Capital Management LLC grew its holdings in RenaissanceRe by 24.3% during the 4th quarter. Geode Capital Management LLC now owns 1,144,805 shares of the insurance provider's stock valued at $284,907,000 after buying an additional 223,991 shares in the last quarter. Impax Asset Management Group plc boosted its stake in RenaissanceRe by 10.8% during the fourth quarter. Impax Asset Management Group plc now owns 1,880,166 shares of the insurance provider's stock worth $466,969,000 after buying an additional 182,530 shares during the period. Finally, Invesco Ltd. boosted its holdings in RenaissanceRe by 13.0% during the 4th quarter. Invesco Ltd. now owns 821,111 shares of the insurance provider's stock valued at $204,301,000 after acquiring an additional 94,389 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

RenaissanceRe Price Performance

Shares of RenaissanceRe stock traded up $3.24 during trading hours on Friday, reaching $241.09. The stock had a trading volume of 429,115 shares, compared to its average volume of 417,446. RenaissanceRe Holdings Ltd. has a twelve month low of $208.98 and a twelve month high of $300.00. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $11.81 billion, a PE ratio of 6.88, a PEG ratio of 2.09 and a beta of 0.29. The stock's 50 day moving average is $237.23 and its 200 day moving average is $253.46.

RenaissanceRe (NYSE:RNR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The insurance provider reported $8.06 EPS for the quarter, beating analysts' consensus estimates of $6.94 by $1.12. RenaissanceRe had a return on equity of 23.41% and a net margin of 15.99%. Equities analysts expect that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current fiscal year.

RenaissanceRe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from RenaissanceRe's previous quarterly dividend of $0.39. RenaissanceRe's dividend payout ratio is 4.57%.

Wall Street Analyst Weigh In

RNR has been the subject of a number of research reports. JMP Securities reaffirmed a "market perform" rating on shares of RenaissanceRe in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price objective on shares of RenaissanceRe from $277.00 to $271.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Barclays reduced their price target on RenaissanceRe from $234.00 to $231.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Bank of America lowered their price target on shares of RenaissanceRe from $437.00 to $426.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Finally, Morgan Stanley lowered their target price on shares of RenaissanceRe from $265.00 to $245.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $280.80.

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.