RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA trimmed its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,362 shares of the insurance provider’s stock after selling 108 shares during the quarter. CHICAGO TRUST Co NA’s holdings in RenaissanceRe were worth $1,583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC boosted its position in RenaissanceRe by 29.5% during the third quarter. V Square Quantitative Management LLC now owns 180 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in RenaissanceRe by 19.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 272 shares of the insurance provider’s stock worth $63,000 after acquiring an additional 45 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in RenaissanceRe by 4.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,073 shares of the insurance provider’s stock worth $292,000 after acquiring an additional 47 shares in the last quarter. CIBC Asset Management Inc raised its position in RenaissanceRe by 3.6% during the third quarter. CIBC Asset Management Inc now owns 1,530 shares of the insurance provider’s stock worth $417,000 after acquiring an additional 53 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in RenaissanceRe by 23.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 342 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of RenaissanceRe from $280.00 to $284.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on RenaissanceRe from $280.00 to $314.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group reissued a “hold” rating and issued a $282.00 price objective (down from $304.00) on shares of RenaissanceRe in a research note on Wednesday, December 18th. StockNews.com lowered shares of RenaissanceRe from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Barclays lowered shares of RenaissanceRe from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $284.00 to $234.00 in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $286.36.

RenaissanceRe Trading Up 0.1 %

NYSE RNR traded up $0.37 during trading hours on Monday, reaching $250.42. The company had a trading volume of 202,408 shares, compared to its average volume of 395,832. RenaissanceRe Holdings Ltd. has a 1-year low of $203.35 and a 1-year high of $300.00. The stock has a market capitalization of $13.01 billion, a P/E ratio of 3.61, a price-to-earnings-growth ratio of 1.31 and a beta of 0.44. The stock has a 50-day moving average of $263.78 and a 200 day moving average of $254.14. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.18.

RenaissanceRe (NYSE:RNR) last posted its earnings results on Wednesday, November 6th. The insurance provider reported $10.23 earnings per share for the quarter, beating the consensus estimate of $7.89 by $2.34. RenaissanceRe had a net margin of 28.84% and a return on equity of 26.31%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm earned $8.33 EPS. The firm’s revenue for the quarter was up 52.1% on a year-over-year basis. As a group, research analysts anticipate that RenaissanceRe Holdings Ltd. will post 41.94 earnings per share for the current fiscal year.

RenaissanceRe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, December 13th. RenaissanceRe’s payout ratio is 2.25%.

RenaissanceRe Profile

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S.