Susquehanna Fundamental Investments LLC Has $13.14 Million Position in RenaissanceRe Holdings Ltd. $RNR

Susquehanna Fundamental Investments LLC boosted its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 53.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,472 shares of the insurance provider’s stock after purchasing an additional 14,507 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in RenaissanceRe were worth $13,142,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RNR. Two Sigma Securities LLC acquired a new stake in shares of RenaissanceRe during the 2nd quarter valued at $908,000. Cookson Peirce & Co. Inc. increased its stake in shares of RenaissanceRe by 5.5% in the second quarter. Cookson Peirce & Co. Inc. now owns 1,535 shares of the insurance provider’s stock worth $486,000 after acquiring an additional 80 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of RenaissanceRe by 38.1% in the second quarter. Hsbc Holdings PLC now owns 16,289 shares of the insurance provider’s stock worth $5,258,000 after acquiring an additional 4,492 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of RenaissanceRe by 39.1% during the second quarter. Beacon Pointe Advisors LLC now owns 3,110 shares of the insurance provider’s stock worth $986,000 after acquiring an additional 875 shares in the last quarter. Finally, United Capital Financial Advisors LLC raised its holdings in shares of RenaissanceRe by 37.4% during the second quarter. United Capital Financial Advisors LLC now owns 4,835 shares of the insurance provider’s stock worth $1,532,000 after acquiring an additional 1,316 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

RenaissanceRe Trading Down 0.0%

RenaissanceRe stock opened at $330.58 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.38 and a current ratio of 1.38. The business’s 50-day simple moving average is $320.85 and its 200-day simple moving average is $306.47. The firm has a market capitalization of $13.74 billion, a PE ratio of 5.67, a PEG ratio of 1.20 and a beta of 0.17. RenaissanceRe Holdings Ltd. has a 52 week low of $231.17 and a 52 week high of $335.97.

RenaissanceRe (NYSE:RNR) last announced its earnings results on Tuesday, June 30th. The insurance provider reported $12.92 earnings per share for the quarter. RenaissanceRe had a return on equity of 23.10% and a net margin of 23.65%.The firm had revenue of $2.77 billion during the quarter. Equities research analysts forecast that RenaissanceRe Holdings Ltd. will post 42.4 earnings per share for the current year.

RenaissanceRe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 0.5%. RenaissanceRe’s payout ratio is 2.81%.

Insider Activity at RenaissanceRe

In other news, EVP Robert Qutub sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $333.03, for a total value of $1,665,150.00. Following the completion of the sale, the executive vice president directly owned 72,907 shares of the company’s stock, valued at approximately $24,280,218.21. This represents a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on RNR. Wolfe Research set a $315.00 target price on RenaissanceRe in a research note on Tuesday, July 7th. Cantor Fitzgerald reissued an “overweight” rating on shares of RenaissanceRe in a research note on Thursday, July 23rd. UBS Group set a $349.00 price objective on shares of RenaissanceRe and gave the company a “neutral” rating in a research report on Monday, July 27th. Bank of America boosted their target price on shares of RenaissanceRe from $410.00 to $438.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Mizuho raised their price target on shares of RenaissanceRe from $325.00 to $329.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, RenaissanceRe presently has a consensus rating of “Hold” and a consensus price target of $336.33.

About RenaissanceRe

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.