Inceptionr LLC Increases Stock Position in RenaissanceRe Holdings Ltd. $RNR

Inceptionr LLC grew its position in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 144.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,660 shares of the insurance provider’s stock after purchasing an additional 2,162 shares during the period. Inceptionr LLC’s holdings in RenaissanceRe were worth $1,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RNR. Dimensional Fund Advisors LP increased its holdings in RenaissanceRe by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,001,410 shares of the insurance provider’s stock worth $254,273,000 after buying an additional 45,936 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in RenaissanceRe by 97.2% during the third quarter. New Age Alpha Advisors LLC now owns 20,800 shares of the insurance provider’s stock worth $5,165,000 after buying an additional 10,250 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in RenaissanceRe by 135.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 195,975 shares of the insurance provider’s stock worth $55,100,000 after buying an additional 112,910 shares during the last quarter. Prana Capital Management LP increased its holdings in RenaissanceRe by 608.9% during the third quarter. Prana Capital Management LP now owns 29,971 shares of the insurance provider’s stock worth $7,611,000 after buying an additional 25,743 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in RenaissanceRe by 8,296.5% during the fourth quarter. M&T Bank Corp now owns 290,352 shares of the insurance provider’s stock worth $81,635,000 after buying an additional 286,894 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

RenaissanceRe Price Performance

RNR opened at $296.54 on Thursday. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 4.94, a PEG ratio of 0.78 and a beta of 0.18. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $298.88 and a 200-day moving average price of $288.95. RenaissanceRe Holdings Ltd. has a twelve month low of $231.17 and a twelve month high of $318.20.

RenaissanceRe (NYSE:RNR) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $13.75 earnings per share for the quarter. The firm had revenue of $2.19 billion during the quarter. RenaissanceRe had a net margin of 24.25% and a return on equity of 24.01%. Equities analysts expect that RenaissanceRe Holdings Ltd. will post 40.02 EPS for the current year.

RenaissanceRe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.41 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.64 annualized dividend and a dividend yield of 0.6%. RenaissanceRe’s dividend payout ratio (DPR) is presently 2.73%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RNR shares. TD Cowen raised their price objective on shares of RenaissanceRe from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. Barclays decreased their price objective on shares of RenaissanceRe from $341.00 to $328.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Morgan Stanley downgraded shares of RenaissanceRe from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective for the company. in a report on Thursday, February 26th. Weiss Ratings upgraded shares of RenaissanceRe from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Finally, Mizuho set a $325.00 target price on shares of RenaissanceRe in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $323.64.

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.