RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC cut its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,170 shares of the insurance provider’s stock after selling 228 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in RenaissanceRe were worth $540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in RenaissanceRe during the 3rd quarter worth $30,000. UMB Bank n.a. raised its stake in shares of RenaissanceRe by 316.7% during the third quarter. UMB Bank n.a. now owns 125 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 95 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in RenaissanceRe in the third quarter worth about $45,000. V Square Quantitative Management LLC grew its position in RenaissanceRe by 29.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 180 shares of the insurance provider’s stock valued at $49,000 after buying an additional 41 shares in the last quarter. Finally, LRI Investments LLC increased its stake in RenaissanceRe by 668.8% during the 3rd quarter. LRI Investments LLC now owns 246 shares of the insurance provider’s stock valued at $63,000 after buying an additional 214 shares during the period. 99.97% of the stock is owned by institutional investors.

RenaissanceRe Stock Performance

Shares of RenaissanceRe stock opened at $257.07 on Friday. RenaissanceRe Holdings Ltd. has a 12 month low of $203.35 and a 12 month high of $300.00. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.18. The stock has a market cap of $13.35 billion, a PE ratio of 3.70, a price-to-earnings-growth ratio of 1.79 and a beta of 0.44. The business has a fifty day simple moving average of $262.72 and a 200-day simple moving average of $254.55.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $10.23 EPS for the quarter, topping analysts’ consensus estimates of $7.89 by $2.34. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.35 billion. RenaissanceRe had a return on equity of 26.31% and a net margin of 28.84%. The business’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same period last year, the company posted $8.33 EPS. On average, sell-side analysts anticipate that RenaissanceRe Holdings Ltd. will post 42.29 EPS for the current fiscal year.

RenaissanceRe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, December 13th. RenaissanceRe’s payout ratio is presently 2.25%.

Insider Buying and Selling at RenaissanceRe

In other news, EVP David E. Marra sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $254.16, for a total transaction of $254,160.00. Following the transaction, the executive vice president now directly owns 79,392 shares in the company, valued at $20,178,270.72. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RNR shares. Wells Fargo & Company decreased their price objective on shares of RenaissanceRe from $301.00 to $288.00 and set an “overweight” rating for the company in a report on Tuesday. Bank of America upped their price objective on RenaissanceRe from $364.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on RenaissanceRe from $280.00 to $284.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods upped their price target on shares of RenaissanceRe from $310.00 to $318.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Barclays downgraded shares of RenaissanceRe from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $284.00 to $234.00 in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $284.00.

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.