David E. Marra Sells 1,000 Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) Stock

RenaissanceRe Holdings Ltd. (NYSE:RNR) EVP David E. Marra sold 1,000 shares of the company’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 value of $254,160.00. Following the completion of the sale, the executive vice president now directly owns 79,392 shares in the company, valued at approximately $20,178,270.72. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

RenaissanceRe Stock Performance

NYSE:RNR opened at $257.07 on Friday. RenaissanceRe Holdings Ltd. has a 1-year low of $203.35 and a 1-year high of $300.00. The stock has a market cap of $13.35 billion, a P/E ratio of 3.70, a PEG ratio of 1.79 and a beta of 0.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a 50-day moving average of $262.72 and a two-hundred day moving average of $254.55.

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

RenaissanceRe Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RNR. Wells Fargo & Company reduced their price objective on RenaissanceRe from $301.00 to $288.00 and set an “overweight” rating on the stock in a research report on Tuesday. Jefferies Financial Group restated a “hold” rating and issued a $282.00 target price (down from $304.00) on shares of RenaissanceRe in a report on Wednesday, December 18th. Evercore ISI boosted their price objective on shares of RenaissanceRe from $229.00 to $246.00 and gave the company an “underperform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Bank of America boosted their price target on RenaissanceRe from $364.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $284.00.

Hedge Funds Weigh In On RenaissanceRe

Several large investors have recently modified their holdings of RNR. ORG Wealth Partners LLC bought a new stake in RenaissanceRe in the third quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB grew its position 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 in the last quarter. UMB Bank n.a. increased its holdings in shares of RenaissanceRe by 316.7% in the 3rd 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 during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of RenaissanceRe during the 3rd quarter valued at approximately $45,000. Finally, V Square Quantitative Management LLC lifted its stake in RenaissanceRe by 29.5% during the third quarter. V Square Quantitative Management LLC now owns 180 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

About RenaissanceRe

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.