Affinity Investment Advisors LLC Makes New $201,000 Investment in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Affinity Investment Advisors LLC purchased a new position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 737 shares of the insurance provider’s stock, valued at approximately $201,000.

A number of other institutional investors also recently bought and sold shares of RNR. Dimensional Fund Advisors LP raised its stake in RenaissanceRe by 21.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 624,469 shares of the insurance provider’s stock worth $139,579,000 after acquiring an additional 109,851 shares during the period. Impax Asset Management Group plc lifted its stake in shares of RenaissanceRe by 7.7% during the 2nd quarter. Impax Asset Management Group plc now owns 1,282,270 shares of the insurance provider’s stock valued at $286,028,000 after buying an additional 91,425 shares in the last quarter. Cooke & Bieler LP increased its stake in RenaissanceRe by 9.2% in the 2nd quarter. Cooke & Bieler LP now owns 1,027,601 shares of the insurance provider’s stock worth $229,679,000 after buying an additional 86,562 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in RenaissanceRe by 480.2% during the second quarter. Jupiter Asset Management Ltd. now owns 41,726 shares of the insurance provider’s stock valued at $9,326,000 after acquiring an additional 34,534 shares during the period. Finally, Earnest Partners LLC lifted its position in shares of RenaissanceRe by 6.1% in the first quarter. Earnest Partners LLC now owns 578,139 shares of the insurance provider’s stock valued at $135,880,000 after acquiring an additional 33,448 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP David E. Marra sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $279.00, for a total value of $279,000.00. Following the completion of the sale, the executive vice president now directly owns 82,044 shares of the company’s stock, valued at $22,890,276. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

RenaissanceRe Stock Up 0.6 %

Shares of NYSE RNR opened at $264.07 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21. RenaissanceRe Holdings Ltd. has a 12-month low of $188.24 and a 12-month high of $284.36. The firm’s 50-day moving average price is $266.06 and its 200-day moving average price is $240.01. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 5.22, a P/E/G ratio of 1.75 and a beta of 0.38.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RNR. Wells Fargo & Company increased their target price on RenaissanceRe from $280.00 to $314.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America lifted their price objective on shares of RenaissanceRe from $364.00 to $391.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays began coverage on shares of RenaissanceRe in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $287.00 target price for the company. Evercore ISI lifted their price target on shares of RenaissanceRe from $218.00 to $229.00 and gave the company an “underperform” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley dropped their price objective on shares of RenaissanceRe from $257.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $289.00.

RenaissanceRe 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.