Quadrant Capital Group LLC now owns 826 shares of the insurance provider's stock valued at $114,000 after buying an additional 58 shares during the period. Company insiders own 1.80% of the company's stock. RenaissanceRe comprises about 1.4% of Accident Compensation Corp's investment portfolio, making the stock its 24th biggest position. Macquarie Ltd has invested 0.01% in RenaissanceRe Holdings Ltd. (NYSE:RNR).
Other equities analysts have also recently issued reports about the company. Nomura Holdings Inc. acquired a new stake in RenaissanceRe during the 2nd quarter valued at $212,000. State Board of Administration of Florida Retirement System now owns 69,320 shares of the insurance provider's stock valued at $9,639,000 after purchasing an additional 1,788 shares during the last quarter.
P-A-W Capital Corp increased Hca Healthcare Inc (HCA) stake by 71.43% reported in 2017Q2 SEC filing. Wells Fargo & Company MN now owns 768,954 shares of the insurance provider's stock worth $106,923,000 after buying an additional 175,408 shares in the last quarter. APG Asset Management N.V. increased its stake in RenaissanceRe by 41.3% in the 3rd quarter. Middleton Ma has 1.94% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 65,605 shares. JPMorgan Chase & Co. owned approximately 1.12% of RenaissanceRe Holdings worth $66,524,000 at the end of the most recent quarter. The P-A-W Capital Corp holds 12,000 shares with $1.05M value, up from 7,000 last quarter.
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Virginia Retirement Systems Et Al decreased Renaissancere Holdings Ltd (RNR) stake by 1.9% reported in 2017Q2 SEC filing.
RenaissanceRe (NYSE RNR) traded down $1.19 during trading hours on Wednesday, hitting $128.15. 551,600 shares of the company were exchanged, compared to its average volume of 288,681. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 1.66. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 20.88% since December 6, 2016 and is uptrending. The insurance provider reported ($13.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($12.25) by ($1.56). The business had revenue of $483.22 million for the quarter, compared to analyst estimates of $300.46 million. RenaissanceRe had a negative net margin of 7.60% and a negative return on equity of 5.82%. The company's quarterly revenue was up 70.0% on a year-over-year basis. They expect $2.72 earnings per share, down 6.85% or $0.20 from last year's $2.92 per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.32 per share. Its up 0.02, from 1.15 in 2017Q1. The ex-dividend date is Tuesday, June 13th. RenaissanceRe's dividend payout ratio is now -28.01%.
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RenaissanceRe announced that its Board of Directors has authorized a share repurchase plan on Friday, November 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization allows the insurance provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.
Several brokerages recently commented on RNR. Zacks Investment Research raised RenaissanceRe from a "sell" rating to a "hold" rating in a report on Friday, November 10th. Wells Fargo & Company set a $140.00 target price on RenaissanceRe and gave the company a "hold" rating in a report on Tuesday, October 31st. UBS reduced their target price on shares of RenaissanceRe from $145.00 to $136.00 and set a "neutral" rating on the stock in a report on Tuesday, September 19th. Buckingham Research started coverage on shares of RenaissanceRe in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has "Hold" rating given on Friday, July 28 by J.P. Morgan. The shares were sold at an average price of $135.73, for a total transaction of $188,800.43. Following the completion of the sale, the senior vice president now directly owns 8,405 shares in the company, valued at approximately $1,140,810.65. Also, SVP Stephen Howard Weinstein sold 14,000 shares of the firm's stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $134.89, for a total value of $674,450.00. Following the completion of the sale, the chief executive officer now owns 197,904 shares of the company's stock, valued at $26,695,270.56. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock valued at $4,006,940 in the last three months.
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About RenaissanceRe Holdings RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Property segment writes property catastrophe excess of loss reinsurance contracts to insure insurance and reinsurance companies against natural and man-made catastrophes, such as earthquakes, hurricanes, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, including proportional reinsurance, property per risk, property reinsurance, and binding facilities and regional USA multi-line reinsurance. The firm operates through Property, and Casualty and Specialty divisions.