Schecter Investment Advisors LLC holds $766,000 stake in Renaissance Re Holdings Co., Ltd. (NYSE:RNR)

Financial Advisors


Scheckter Investment Advisors LLC increased its stake in Renaissance Re Holdings (NYSE:RNR – Get Rating) by 21.8% in the fourth quarter, according to the company’s latest 13F filing with the SEC. rice field. The institutional investor acquired an additional 744 of his shares during the quarter, leaving him with 4,159 shares in the insurance company. Schecter Investment Advisors LLC’s holding in Renaissance Re stock was valued at $766,000 as of the latest filing with the SEC.

Many other hedge funds have also changed their positions in RNR. Mitsubishi UFJ Trust and Banking Corporation acquired a new RenaissanceRe position worth approximately $28,000 during the third quarter. Neo Ivy Capital Management acquired a new position worth his $29,000 at RenaissanceRe in the third quarter. Signaturefd LLC increased his stake in RenaissanceRe by 64.4% in the third quarter. Signaturefd LLC acquired an additional 94 shares during the period and now owns 240 shares of the insurance company, valued at $34,000. EverSource Wealth Advisors LLC acquired a new position worth $38,000 in RenaissanceRe in the fourth quarter. Finally, Rockefeller Capital Management LP increased its stake in Renaissance Re by 514.6% during the third quarter. Rockefeller Capital Management LP acquired an additional 247 shares in him during the period and now owns 295 shares in the insurance company valued at $41,000. Institutional investors and hedge funds own 95.52% of the company’s shares.

Stock Performance of Renaissance Re

NYSE RNR shares opened Thursday at $193.43. The company has a market capitalization of $8.5 billion, a price/earnings ratio of -53.43 and a beta of 0.44. RenaissanceRe Holdings Ltd. hit a one-year low of $124.18 and a one-year high of $223.80. His 50-day simple moving average for this company is $202.32 and his 200-day simple moving average is $198.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt to equity ratio of 0.22.

RenaissanceRe (NYSE:RNR – Get Rating) last released quarterly earnings data on Tuesday, May 2nd. The insurer reported earnings per share (EPS) of $8.16 for the quarter, $0.82 above analyst consensus expectations of $7.34. RenaissanceRe had a negative net profit margin of 1.61% and a positive return on equity of 11.89%. The company had revenue of $2.26 billion for the quarter, up from $2.4 billion expected by analysts. The company’s EPS in the year-ago quarter was $3.50. Revenue from the business increased by 4.5% year-on-year. Sell-side analysts expect RenaissanceRe Holdings Ltd. to post EPS of 22.97 this year.

RenaissanceRe Announces Dividend

The company also recently announced a quarterly dividend to be paid on Friday, June 30. Shareholders of record on Thursday, June 15 will be issued a dividend of $0.38 per share for him. This equates to his $1.52 dividend and his 0.79% yield on an annualized basis. The ex-dividend date for this dividend will be June 14 (Wednesday). RenaissanceRe payout ratio is -41.99%.

Insider trading on RenaissanceRe

In related news, CEO Kevin O’Donnell purchased 13,020 shares of the company’s stock in a transaction that took place on Friday, May 26. The shares were acquired at an average price of $192.00 per share for him, giving him $2,499,840.00 in transaction value. Following the transaction, the CEO now owns 296,025 shares of the company directly, valued at $56,836,800. The acquisition was disclosed in legal filings with the Securities and Exchange Commission, which can be accessed via this hyperlink. Insiders own 1.30% of the company’s stock.

Wall Street analysts forecast growth

Recently, many research firms have commented on RNR. Wells Fargo & Company raised its price target on Renaissance Re to $256.00 from $245.00 in a research note on Wednesday, April 5, giving the stock an Overweight rating. In a report on Thursday, May 25, Jefferies Financial Group upgraded Renaissance Re from ‘hold’ to ‘buy’ and raised its price target from $234.00 to $238.00. StockNews.com undertook coverage of RenaissanceRe stock in a research note on Thursday, May 18. They issued a “hold” rating on the stock. Finally, JPMorgan Chase raised its price target on Renaissance Re stock from $170.00 to $175.00, giving the company an “underweight” rating in its research note on Friday, March 31. One investment analyst rated the stock “sell”, three “hold” and two “buy”. The stock currently has a consensus rating of Hold and an average price target of $210.20, according to MarketBeat.com data.

RenaissanceRe profile

(get rating)

RenaissanceRe Holdings Ltd. provides reinsurance and insurance services. The company operates through its Real Estate, Property & Casualty & Specialty, and Other business segments. The Real Estate segment focuses on reinsurance and insurance of catastrophe and other real estate. The Property & Casualty & Specialty Business segment deals with reinsurance and insurance for property & casualty and specialty insurance.

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Want to know if other hedge funds hold RNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for RenaissanceRe Holdings Ltd. (NYSE:RNR – Rated).

RenaissanceRe Quarterly Institutional Ownership (NYSE:RNR)

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