RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 981 shares of the insurance provider’s stock after purchasing an additional 222 shares during the quarter. Foundations Investment Advisors LLC’s holdings in RenaissanceRe were worth $244,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in RenaissanceRe in the 3rd quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of RenaissanceRe by 51.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 41 shares during the period. UMB Bank n.a. boosted its holdings in shares of RenaissanceRe by 316.7% in the third quarter. UMB Bank n.a. now owns 125 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 95 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of RenaissanceRe during the third quarter valued at approximately $45,000. Finally, V Square Quantitative Management LLC increased its stake in shares of RenaissanceRe by 29.5% during the third quarter. V Square Quantitative Management LLC now owns 180 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 41 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RNR shares. Evercore ISI increased their price target on RenaissanceRe from $229.00 to $246.00 and gave the company an “underperform” rating in a research note on Thursday, November 7th. Bank of America raised their target price on RenaissanceRe from $364.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays cut shares of RenaissanceRe from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $284.00 to $234.00 in a research report on Monday, January 6th. JMP Securities restated a “market perform” rating on shares of RenaissanceRe in a research report on Thursday. Finally, Wells Fargo & Company dropped their target price on shares of RenaissanceRe from $288.00 to $277.00 and set an “overweight” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $283.45.

Insider Activity

In related news, EVP David E. Marra sold 1,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $20,178,270.72. The trade was a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

RenaissanceRe Stock Down 2.5 %

Shares of NYSE:RNR opened at $232.52 on Friday. The firm has a 50 day simple moving average of $259.85 and a 200 day simple moving average of $257.20. RenaissanceRe Holdings Ltd. has a 52 week low of $208.98 and a 52 week high of $300.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $12.08 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44.

RenaissanceRe (NYSE:RNR) last released its earnings results on Tuesday, January 28th. The insurance provider reported $8.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.94 by $1.12. RenaissanceRe had a return on equity of 23.51% and a net margin of 15.99%. As a group, research analysts expect that RenaissanceRe Holdings Ltd. will post 34.22 earnings per share for the current year.

RenaissanceRe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.67%. RenaissanceRe’s dividend payout ratio (DPR) is presently 4.45%.

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.