2,582 Shares of RenaissanceRe Holdings Ltd. $RNR Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC acquired a new stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,582 shares of the insurance provider’s stock, valued at approximately $822,000.

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

RenaissanceRe Stock Down 2.1%

NYSE RNR traded down $7.48 during trading on Friday, hitting $346.75. The company’s stock had a trading volume of 360,131 shares, compared to its average volume of 503,427. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.40. 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 market cap of $14.01 billion, a PE ratio of 9.97, a P/E/G ratio of 0.92 and a beta of 0.11. The business’s 50 day simple moving average is $335.19 and its 200-day simple moving average is $312.00.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings data on Tuesday, October 27th. The insurance provider reported $12.71 EPS for the quarter, beating the consensus estimate of $10.56 by $2.15. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.78 billion. RenaissanceRe had a net margin of 16.25% and a return on equity of 21.13%. During the same period in the previous year, the business posted $15.62 EPS. On average, equities analysts anticipate that RenaissanceRe Holdings Ltd. will post 49.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RNR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of RenaissanceRe from $360.00 to $355.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of RenaissanceRe in a report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their price objective on RenaissanceRe from $342.00 to $350.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. TD Cowen increased their price target on RenaissanceRe from $315.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, October 12th. Finally, Wells Fargo & Company boosted their price target on shares of RenaissanceRe from $319.00 to $338.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $343.69.

About RenaissanceRe

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.