ORG Wealth Partners LLC Purchases 141 Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR)

ORG Wealth Partners LLC lifted its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 129.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250 shares of the insurance provider’s stock after purchasing an additional 141 shares during the period. ORG Wealth Partners LLC’s holdings in RenaissanceRe were worth $62,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RNR. National Bank of Canada FI lifted its position in shares of RenaissanceRe by 1,381.3% during the second quarter. National Bank of Canada FI now owns 5,377 shares of the insurance provider’s stock valued at $1,189,000 after purchasing an additional 5,014 shares in the last quarter. Victory Capital Management Inc. increased its holdings in RenaissanceRe by 3.4% during the second quarter. Victory Capital Management Inc. now owns 22,187 shares of the insurance provider’s stock worth $4,959,000 after buying an additional 735 shares during the last quarter. Acadian Asset Management LLC increased its holdings in RenaissanceRe by 88.1% during the second quarter. Acadian Asset Management LLC now owns 2,090 shares of the insurance provider’s stock worth $465,000 after buying an additional 979 shares during the last quarter. Caprock Group LLC purchased a new stake in RenaissanceRe during the second quarter worth about $229,000. Finally, Wedbush Securities Inc. increased its holdings in RenaissanceRe by 31.1% during the second quarter. Wedbush Securities Inc. now owns 2,655 shares of the insurance provider’s stock worth $593,000 after buying an additional 630 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on RNR shares. Bank of America raised their price objective on shares of RenaissanceRe from $364.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on shares of RenaissanceRe from $310.00 to $318.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group restated a “hold” rating and set a $282.00 price objective (down previously from $304.00) on shares of RenaissanceRe in a report on Wednesday, December 18th. Wells Fargo & Company lifted their target price on shares of RenaissanceRe from $280.00 to $314.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Barclays downgraded shares of RenaissanceRe from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $284.00 to $234.00 in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, RenaissanceRe presently has an average rating of “Hold” and an average price target of $286.36.

RenaissanceRe Price Performance

Shares of NYSE:RNR opened at $250.01 on Friday. The company has a 50 day moving average of $264.06 and a 200 day moving average of $253.61. The stock has a market cap of $12.99 billion, a P/E ratio of 3.60, a P/E/G ratio of 1.31 and a beta of 0.44. RenaissanceRe Holdings Ltd. has a 12 month low of $199.73 and a 12 month high of $300.00. 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 issued its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $10.23 EPS 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 company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the company earned $8.33 earnings per share. RenaissanceRe’s revenue for the quarter was up 52.1% on a year-over-year basis. As a group, sell-side analysts forecast that RenaissanceRe Holdings Ltd. will post 41.94 EPS for the current fiscal year.

RenaissanceRe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.62%. RenaissanceRe’s payout ratio is presently 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.