Acadian Asset Administration LLC grew its stake in RenaissanceRe Holdings Ltd. (NYSE:RNR – Free Report) by 741.7% within the first quarter, in response to its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The fund owned 1,111 shares of the insurance coverage supplier’s inventory after shopping for an extra 979 shares in the course of the interval. Acadian Asset Administration LLC’s holdings in RenaissanceRe had been value $261,000 as of its most up-to-date SEC submitting.
Different institutional traders and hedge funds additionally not too long ago made modifications to their positions within the firm. Riverview Belief Co acquired a brand new stake in shares of RenaissanceRe within the first quarter value about $26,000. Rise Advisors LLC purchased a brand new place in shares of RenaissanceRe within the first quarter value about $31,000. Mather Group LLC. purchased a brand new place in shares of RenaissanceRe within the first quarter value about $34,000. GAMMA Investing LLC purchased a brand new place in shares of RenaissanceRe within the fourth quarter value about $37,000. Lastly, Daiwa Securities Group Inc. purchased a brand new place in shares of RenaissanceRe within the fourth quarter value about $39,000. Institutional traders and hedge funds personal 99.97% of the corporate’s inventory.
Wall Road Analysts Forecast Development
RNR has been the subject of numerous current analyst studies. Financial institution of America lifted their worth goal on RenaissanceRe from $334.00 to $347.00 and gave the inventory a “purchase” ranking in a analysis notice on Thursday, July eleventh. UBS Group dropped their worth goal on RenaissanceRe from $251.00 to $248.00 and set a “impartial” ranking on the inventory in a analysis notice on Tuesday, July ninth. Morgan Stanley dropped their worth goal on RenaissanceRe from $257.00 to $240.00 and set an “equal weight” ranking on the inventory in a analysis notice on Wednesday, July tenth. Wells Fargo & Firm dropped their worth goal on RenaissanceRe from $288.00 to $280.00 and set an “chubby” ranking on the inventory in a analysis notice on Friday. Lastly, Evercore ISI boosted their worth goal on RenaissanceRe from $216.00 to $218.00 and gave the corporate an “underperform” ranking in a analysis notice on Wednesday, Could 1st. One analysis analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and 5 have assigned a purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the corporate presently has a median ranking of “Maintain” and a median goal worth of $263.40.
View Our Newest Evaluation on RNR
RenaissanceRe Buying and selling Up 2.2 %
RNR inventory opened at $224.50 on Monday. RenaissanceRe Holdings Ltd. has a 1-year low of $174.22 and a 1-year excessive of $239.42. The agency has a market cap of $11.71 billion, a P/E ratio of 4.96, a P/E/G ratio of 1.26 and a beta of 0.38. The enterprise’s 50 day shifting common is $223.97 and its 200-day shifting common is $223.80. The corporate has a present ratio of 1.38, a fast ratio of 1.38 and a debt-to-equity ratio of 0.21.
RenaissanceRe (NYSE:RNR – Get Free Report) final launched its quarterly earnings knowledge on Tuesday, April thirtieth. The insurance coverage supplier reported $12.18 earnings per share for the quarter, beating the consensus estimate of $9.86 by $2.32. RenaissanceRe had a return on fairness of 27.74% and a internet margin of 25.38%. The corporate had income of $3.20 billion for the quarter, in comparison with analyst estimates of $3.05 billion. Throughout the identical interval within the prior 12 months, the corporate posted $8.16 EPS. The corporate’s income was up 41.3% in comparison with the identical quarter final 12 months. Equities analysts anticipate that RenaissanceRe Holdings Ltd. will submit 37.43 earnings per share for the present fiscal 12 months.
RenaissanceRe Broadcasts Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Friday, June twenty eighth. Stockholders of file on Friday, June 14th had been paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.69%. RenaissanceRe’s dividend payout ratio is at present 3.45%.
Insider Exercise
In different information, EVP David E. Marra bought 1,000 shares of the corporate’s inventory in a transaction that occurred on Wednesday, July seventeenth. The inventory was bought at a median worth of $230.00, for a complete worth of $230,000.00. Following the sale, the chief vice chairman now immediately owns 85,544 shares within the firm, valued at roughly $19,675,120. The transaction was disclosed in a submitting with the SEC, which is out there on the SEC web site. Company insiders personal 1.30% of the corporate’s inventory.
RenaissanceRe Profile
(Free Report)
RenaissanceRe Holdings Ltd., along with its subsidiaries, offers reinsurance and insurance coverage merchandise in america and internationally. The corporate operates via Property, and Casualty and Specialty segments. The Property phase writes property disaster extra of loss reinsurance and extra of loss reinsurance to insure insurance coverage and reinsurance firms towards pure and man-made catastrophes, together with hurricanes, earthquakes, typhoons, and tsunamis, in addition to winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and different property class of merchandise, reminiscent of proportional reinsurance, property per danger, property reinsurance, binding amenities, and regional U.S.
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