RenaissanceRe Holdings Ltd. $RNR Stock Holdings Lifted by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 51.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,194 shares of the insurance provider’s stock after acquiring an additional 2,788 shares during the period. Vise Technologies Inc.’s holdings in RenaissanceRe were worth $2,608,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of RenaissanceRe in the 2nd quarter valued at $1,319,724,000. Lightrock Netherlands B.V. grew its holdings in shares of RenaissanceRe by 15.8% during the 1st quarter. Lightrock Netherlands B.V. now owns 1,178,423 shares of the insurance provider’s stock worth $350,263,000 after purchasing an additional 160,915 shares during the period. Dimensional Fund Advisors LP increased its position in shares of RenaissanceRe by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,085,380 shares of the insurance provider’s stock worth $322,603,000 after purchasing an additional 52,371 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of RenaissanceRe during the 2nd quarter worth about $185,351,000. Finally, Bank of New York Mellon Corp purchased a new stake in RenaissanceRe in the 2nd quarter valued at about $116,717,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

RenaissanceRe Stock Up 1.9%

RNR stock opened at $353.34 on Thursday. The company’s 50 day moving average price is $334.43 and its 200 day moving average price is $311.20. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 0.91 and a beta of 0.11. RenaissanceRe Holdings Ltd. has a fifty-two week low of $251.60 and a fifty-two week high of $363.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.40.

RenaissanceRe (NYSE:RNR) last released its quarterly earnings data on Tuesday, October 27th. The insurance provider reported $12.71 EPS for the quarter, beating analysts’ consensus estimates of $10.56 by $2.15. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.78 billion. RenaissanceRe had a return on equity of 21.13% and a net margin of 16.25%. During the same quarter in the prior year, the business posted $15.62 EPS. On average, equities research analysts anticipate that RenaissanceRe Holdings Ltd. will post 48.50 EPS for the current fiscal year.

Analyst Ratings Changes

RNR has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of RenaissanceRe in a research report on Tuesday, September 22nd. They issued a “sector perform” rating and a $365.00 target price on the stock. Bank of America boosted their price target on shares of RenaissanceRe from $410.00 to $438.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Mizuho set a $352.00 price objective on shares of RenaissanceRe in a report on Monday. Wells Fargo & Company increased their price objective on shares of RenaissanceRe from $319.00 to $338.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, TD Cowen lifted their target price on shares of RenaissanceRe from $315.00 to $320.00 and gave the company a “hold” rating in a report on Monday, October 12th. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, RenaissanceRe presently has a consensus rating of “Hold” and a consensus price target of $343.69.

RenaissanceRe Profile

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance products. The company specializes in helping insurers, businesses and other organizations manage financial risk arising from natural catastrophes, specialty exposures and certain casualty risks.

RenaissanceRe’s reinsurance activities include property catastrophe coverage, as well as casualty and specialty reinsurance. Through its insurance operations, the company provides coverage for areas such as property, casualty and other specialty risks.