Epoch Investment Partners Inc. Has $888,000 Stock Holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Epoch Investment Partners Inc. lessened its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 57.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,569 shares of the insurance provider’s stock after selling 4,880 shares during the quarter. Epoch Investment Partners Inc.’s holdings in RenaissanceRe were worth $888,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RNR. Boston Partners increased its holdings in RenaissanceRe by 28.5% in the 4th quarter. Boston Partners now owns 2,013,382 shares of the insurance provider’s stock worth $500,991,000 after purchasing an additional 446,781 shares in the last quarter. Impax Asset Management Group plc increased its stake in shares of RenaissanceRe by 10.8% in the fourth quarter. Impax Asset Management Group plc now owns 1,880,166 shares of the insurance provider’s stock valued at $466,969,000 after buying an additional 182,530 shares during the period. Geode Capital Management LLC raised its holdings in RenaissanceRe by 24.3% in the 4th quarter. Geode Capital Management LLC now owns 1,144,805 shares of the insurance provider’s stock valued at $284,907,000 after buying an additional 223,991 shares during the last quarter. FIL Ltd grew its holdings in RenaissanceRe by 5.1% during the 4th quarter. FIL Ltd now owns 1,033,691 shares of the insurance provider’s stock worth $257,193,000 after acquiring an additional 49,804 shares during the last quarter. Finally, First Trust Advisors LP increased its position in RenaissanceRe by 462.8% in the 4th quarter. First Trust Advisors LP now owns 864,252 shares of the insurance provider’s stock valued at $215,035,000 after acquiring an additional 710,698 shares during the period. 99.97% of the stock is currently owned by institutional investors.

RenaissanceRe Stock Up 1.4 %

RenaissanceRe stock opened at $241.09 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $11.81 billion, a PE ratio of 6.88, a PEG ratio of 2.09 and a beta of 0.29. The firm’s fifty day moving average is $237.23 and its 200 day moving average is $253.17. RenaissanceRe Holdings Ltd. has a 12-month low of $208.98 and a 12-month high of $300.00.

RenaissanceRe (NYSE:RNR) last released its quarterly earnings data on Tuesday, January 28th. The insurance provider reported $8.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.94 by $1.12. RenaissanceRe had a net margin of 15.99% and a return on equity of 23.41%. As a group, sell-side analysts predict that RenaissanceRe Holdings Ltd. will post 26.04 EPS for the current fiscal year.

RenaissanceRe Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from RenaissanceRe’s previous quarterly dividend of $0.39. RenaissanceRe’s dividend payout ratio (DPR) is 4.57%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of RenaissanceRe from $265.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Keefe, Bruyette & Woods lowered their price objective on RenaissanceRe from $318.00 to $294.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Bank of America cut their price objective on RenaissanceRe from $437.00 to $426.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Barclays lowered their price target on shares of RenaissanceRe from $234.00 to $231.00 and set an “underweight” rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group reduced their price objective on shares of RenaissanceRe from $266.00 to $265.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $280.80.

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.