RenaissanceRe Holdings Ltd. $RNR Shares Acquired by Y Intercept Hong Kong Ltd

by · The Markets Daily

Y Intercept Hong Kong Ltd boosted its position in RenaissanceRe Holdings Ltd. (NYSE:RNR – Free Report) by 30.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 8,284 shares of the insurance provider’s stock after buying an additional 1,925 shares during the period. Y Intercept Hong Kong Ltd’s holdings in RenaissanceRe were worth $2,462,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG raised its stake in shares of RenaissanceRe by 36.6% during the 1st quarter. Leonteq Securities AG now owns 1,802 shares of the insurance provider’s stock worth $536,000 after buying an additional 483 shares during the last quarter. CHICAGO TRUST Co NA raised its position in RenaissanceRe by 4.2% during the first quarter. CHICAGO TRUST Co NA now owns 9,059 shares of the insurance provider’s stock worth $2,693,000 after acquiring an additional 365 shares during the last quarter. Capricorn Fund Managers Ltd purchased a new stake in shares of RenaissanceRe in the first quarter valued at about $2,905,000. Impact Partnership Wealth LLC grew its position in shares of RenaissanceRe by 7.5% in the first quarter. Impact Partnership Wealth LLC now owns 2,839 shares of the insurance provider’s stock valued at $844,000 after purchasing an additional 198 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of RenaissanceRe by 15.5% during the 1st quarter. Inspire Investing LLC now owns 5,372 shares of the insurance provider’s stock worth $1,597,000 after purchasing an additional 719 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

RenaissanceRe Stock Performance

NYSE RNR opened at $324.07 on Wednesday. The business’s 50-day moving average price is $300.30 and its 200 day moving average price is $295.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.22. RenaissanceRe Holdings Ltd. has a twelve month low of $231.17 and a twelve month high of $329.57. The company has a market capitalization of $13.81 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.17.

RenaissanceRe (NYSE:RNR – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $13.75 EPS for the quarter. The company had revenue of $2.19 billion during the quarter. RenaissanceRe had a net margin of 24.25% and a return on equity of 24.01%. On average, research analysts predict that RenaissanceRe Holdings Ltd. will post 40.05 earnings per share for the current year.

RenaissanceRe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.64 dividend on an annualized basis and a yield of 0.5%. RenaissanceRe’s dividend payout ratio (DPR) is currently 2.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Mizuho set a $325.00 target price on RenaissanceRe in a research note on Monday, May 4th. UBS Group upped their price objective on RenaissanceRe from $319.00 to $326.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods increased their price objective on RenaissanceRe from $323.00 to $327.00 and gave the company a “market perform” rating in a research note on Tuesday, April 7th. Bank of America cut their target price on shares of RenaissanceRe to $426.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Wolfe Research set a $315.00 price target on shares of RenaissanceRe in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $326.27.

Check Out Our Latest Analysis on RenaissanceRe

RenaissanceRe Profile

(Free Report)

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.

Further Reading

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