Affinity Investment Advisors LLC Purchases Shares of 737 RenaissanceRe Holdings Ltd. (NYSE:RNR)

Affinity Investment Advisors LLC bought a new stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 737 shares of the insurance provider’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in shares of RenaissanceRe in the 2nd quarter worth about $27,000. ORG Wealth Partners LLC purchased a new position in shares of RenaissanceRe in the 3rd quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new stake in RenaissanceRe in the second quarter worth $31,000. UMB Bank n.a. lifted its position in RenaissanceRe by 316.7% during the third quarter. UMB Bank n.a. now owns 125 shares of the insurance provider’s stock valued at $34,000 after buying an additional 95 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of RenaissanceRe in the 1st quarter worth about $46,000. Institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of RenaissanceRe from $262.00 to $298.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. UBS Group cut their price target on RenaissanceRe from $251.00 to $248.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Bank of America increased their target price on RenaissanceRe from $364.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley lowered their price target on RenaissanceRe from $257.00 to $240.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group increased their price objective on shares of RenaissanceRe from $270.00 to $314.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $289.00.

Insider Buying and Selling at RenaissanceRe

In related news, EVP David E. Marra sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.00, for a total transaction of $269,000.00. Following the completion of the sale, the executive vice president now owns 83,044 shares in the company, valued at approximately $22,338,836. This represents a 0.00 % 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 the SEC website. Company insiders own 1.30% of the company’s stock.

RenaissanceRe Stock Up 0.6 %

RNR opened at $264.07 on Friday. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 1.75 and a beta of 0.38. The firm has a 50 day moving average price of $266.06 and a 200-day moving average price of $240.01. RenaissanceRe Holdings Ltd. has a twelve month low of $188.24 and a twelve month high of $284.36. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.21.

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.