RenaissanceRe Holdings Ltd. (RNR) SVP Ross Curtis Sells 7,500 Shares of Stock

RenaissanceRe Holdings Ltd. (NYSE:RNR) SVP Ross Curtis sold 7,500 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $152.00, for a total transaction of $1,140,000.00. Following the sale, the senior vice president now directly owns 105,503 shares in the company, valued at $16,036,456. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

RNR stock opened at $152.23 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.71 and a current ratio of 1.71. RenaissanceRe Holdings Ltd. has a 52-week low of $117.35 and a 52-week high of $152.80. The stock has a market cap of $6.43 billion, a PE ratio of 16.60, a PEG ratio of 1.39 and a beta of 0.49.

RenaissanceRe (NYSE:RNR) last issued its quarterly earnings results on Tuesday, January 29th. The insurance provider reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.93) by $1.95. The firm had revenue of $633.44 million for the quarter, compared to analyst estimates of $545.60 million. RenaissanceRe had a net margin of 10.96% and a return on equity of 9.18%. Sell-side analysts forecast that RenaissanceRe Holdings Ltd. will post 11.36 earnings per share for the current fiscal year.



The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.34 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from RenaissanceRe’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 0.89%. RenaissanceRe’s dividend payout ratio (DPR) is currently 14.83%.

Several research firms have recently issued reports on RNR. UBS Group increased their target price on shares of RenaissanceRe from $144.00 to $153.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. ValuEngine lowered shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Barclays increased their target price on shares of RenaissanceRe from $125.00 to $130.00 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Zacks Investment Research raised shares of RenaissanceRe from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Monday, April 1st. Finally, TheStreet raised shares of RenaissanceRe from a “c+” rating to a “b” rating in a research note on Thursday, February 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. RenaissanceRe presently has a consensus rating of “Hold” and an average price target of $146.36.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in RenaissanceRe by 4.1% in the 4th quarter. BlackRock Inc. now owns 4,898,599 shares of the insurance provider’s stock valued at $654,941,000 after buying an additional 193,506 shares in the last quarter. Vanguard Group Inc. lifted its stake in RenaissanceRe by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,103,600 shares of the insurance provider’s stock valued at $548,159,000 after buying an additional 59,867 shares in the last quarter. Vanguard Group Inc lifted its stake in RenaissanceRe by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 4,103,600 shares of the insurance provider’s stock valued at $548,159,000 after buying an additional 59,867 shares in the last quarter. Boston Partners lifted its stake in RenaissanceRe by 144.6% in the 4th quarter. Boston Partners now owns 1,340,903 shares of the insurance provider’s stock valued at $179,279,000 after buying an additional 792,675 shares in the last quarter. Finally, Polar Capital LLP lifted its stake in RenaissanceRe by 1.9% in the 4th quarter. Polar Capital LLP now owns 519,650 shares of the insurance provider’s stock valued at $69,477,000 after buying an additional 9,650 shares in the last quarter. 95.60% of the stock is currently owned by hedge funds and other institutional investors.

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About RenaissanceRe

RenaissanceRe Holdings Ltd. 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 retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including earthquakes, hurricanes, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising 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, and binding facilities and regional U.S.

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