RenaissanceRe Holdings Ltd. (NYSE:RNR) Stock Position Trimmed by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. decreased its position in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 218,949 shares of the insurance provider’s stock after selling 22,635 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 0.42% of RenaissanceRe worth $54,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RNR. Capital World Investors boosted its position in shares of RenaissanceRe by 8.8% during the fourth quarter. Capital World Investors now owns 2,882,835 shares of the insurance provider’s stock worth $717,278,000 after buying an additional 233,708 shares during the period. Boston Partners boosted its position in RenaissanceRe by 28.5% during the 4th quarter. Boston Partners now owns 2,013,382 shares of the insurance provider’s stock worth $500,991,000 after acquiring an additional 446,781 shares during the period. Impax Asset Management Group plc grew 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 worth $466,969,000 after purchasing an additional 182,530 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of RenaissanceRe by 24.3% during the fourth quarter. Geode Capital Management LLC now owns 1,144,805 shares of the insurance provider’s stock valued at $284,907,000 after purchasing an additional 223,991 shares during the period. Finally, FIL Ltd raised its stake in shares of RenaissanceRe by 5.1% during the fourth quarter. FIL Ltd now owns 1,033,691 shares of the insurance provider’s stock valued at $257,193,000 after purchasing an additional 49,804 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RNR shares. JPMorgan Chase & Co. upgraded shares of RenaissanceRe from a “neutral” rating to an “overweight” rating and set a $284.00 target price for the company in a research report on Tuesday, April 8th. Jefferies Financial Group lowered 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. Bank of America cut their target price on RenaissanceRe from $437.00 to $426.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Keefe, Bruyette & Woods lowered their price target on RenaissanceRe from $318.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays dropped their price objective on RenaissanceRe from $234.00 to $231.00 and set an “underweight” rating on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, RenaissanceRe presently has a consensus rating of “Hold” and an average price target of $280.80.

RenaissanceRe Stock Up 1.4 %

Shares of 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. RenaissanceRe Holdings Ltd. has a 12-month low of $208.98 and a 12-month high of $300.00. The firm has a market capitalization of $11.81 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.29. The stock’s fifty day moving average is $237.23 and its 200-day moving average is $253.17.

RenaissanceRe (NYSE:RNR) last posted its quarterly earnings data on Tuesday, January 28th. The insurance provider reported $8.06 EPS for the quarter, beating 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%. Equities analysts anticipate that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.66%. This is a boost from RenaissanceRe’s previous quarterly dividend of $0.39. The ex-dividend date was Friday, March 14th. RenaissanceRe’s payout ratio is presently 4.57%.

RenaissanceRe Company 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.