Today, Tdam USA Inc. Reached $1,134,000 position of RenaissanceRe Holdings Ltd. (RNR)

Today, Tdam USA Inc. Reached $1,134,000 position  of RenaissanceRe Holdings Ltd. (RNR)
Tdam USA Inc. maintained its stake in RenaissanceRe Holdings Ltd. (NYSE:RNR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,440 shares of the company’s stock at the end of the third quarter. Tdam USA Inc.’s holdings in RenaissanceRe Holdings were worth $1,134,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RNR. Nuveen Asset Management LLC boosted its stake in shares of RenaissanceRe Holdings by 0.6% in the first quarter. Nuveen Asset Management LLC now owns 16,595 shares of the company’s stock valued at $1,989,000 after buying an additional 100 shares during the period. AMP Capital Investors Ltd boosted its stake in shares of RenaissanceRe Holdings by 2.7% in the first quarter. AMP Capital Investors Ltd now owns 26,264 shares of the company’s stock valued at $3,152,000 after buying an additional 700 shares during the period. Legal & General Group Plc boosted its stake in shares of RenaissanceRe Holdings by 4.4% in the first quarter. Legal & General Group Plc now owns 221,610 shares of the company’s stock valued at $26,560,000 after buying an additional 9,358 shares during the period. Seven Eight Capital LLC acquired a new stake in shares of RenaissanceRe Holdings during the first quarter valued at approximately $192,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of RenaissanceRe Holdings by 212.8% in the second quarter. BNP Paribas Arbitrage SA now owns 22,290 shares of the company’s stock valued at $2,618,000 after buying an additional 15,165 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

RenaissanceRe Holdings Ltd. (NYSE:RNR) traded up 0.79% on Friday, hitting $131.63. 155,436 shares of the stock traded hands. RenaissanceRe Holdings Ltd. has a 52 week low of $107.27 and a 52 week high of $132.43. The stock has a 50 day moving average of $125.24 and a 200 day moving average of $118.86. The firm has a market capitalization of $5.42 billion, a PE ratio of 11.19 and a beta of 0.46.

RenaissanceRe Holdings (NYSE:RNR) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.30. The business earned $442.47 million during the quarter, compared to analysts’ expectations of $488.38 million. RenaissanceRe Holdings had a net margin of 30.02% and a return on equity of 8.54%. The business’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period last year, the company posted $2.58 earnings per share. Equities research analysts anticipate that RenaissanceRe Holdings Ltd. will post $6.47 earnings per share for the current year.

Several brokerages have commented on RNR. Citigroup Inc. began coverage on shares of RenaissanceRe Holdings in a research report on Tuesday. They set a “neutral” rating and a $143.00 price target on the stock. Deutsche Bank AG cut shares of RenaissanceRe Holdings from a “buy” rating to a “hold” rating and set a $131.78 price target on the stock. in a research report on Monday. Goldman Sachs Group Inc. raised shares of RenaissanceRe Holdings from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $101.00 to $125.00 in a research report on Tuesday, November 15th. Zacks Investment Research raised shares of RenaissanceRe Holdings from a “sell” rating to a “hold” rating in a research report on Friday, October 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of RenaissanceRe Holdings from $130.00 to $134.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. Seven analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $126.72.

In other RenaissanceRe Holdings news, SVP Rider Fonner Todd sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $130.32, for a total value of $781,920.00. Following the transaction, the senior vice president now directly owns 60,753 shares of the company’s stock, valued at $7,917,330.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen Howard Weinstein sold 3,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $120.00, for a total transaction of $360,000.00. Following the completion of the transaction, the senior vice president now directly owns 82,511 shares in the company, valued at $9,901,320. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

RenaissanceRe Holdings Company Profile

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Company’s core products include property catastrophe reinsurance and specialty reinsurance risks. The Company’s segments include Catastrophe Reinsurance, Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance includes catastrophe reinsurance and certain property catastrophe joint ventures managed by the Company’s ventures unit.

Related posts

Leave a Comment