Leuthold Group LLC Sells 65 Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR)

Leuthold Group LLC trimmed its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,596 shares of the insurance provider’s stock after selling 65 shares during the period. Leuthold Group LLC owned about 0.06% of RenaissanceRe worth $7,426,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in RNR. CWM LLC boosted its stake in RenaissanceRe by 8.7% in the first quarter. CWM LLC now owns 610 shares of the insurance provider’s stock valued at $143,000 after acquiring an additional 49 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in RenaissanceRe by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 5,714 shares of the insurance provider’s stock valued at $1,342,000 after purchasing an additional 50 shares during the period. Steward Partners Investment Advisory LLC increased its position in RenaissanceRe by 1.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,926 shares of the insurance provider’s stock worth $965,000 after buying an additional 73 shares during the last quarter. Benedict Financial Advisors Inc. increased its position in RenaissanceRe by 0.6% in the first quarter. Benedict Financial Advisors Inc. now owns 12,196 shares of the insurance provider’s stock worth $2,866,000 after buying an additional 77 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of RenaissanceRe by 1.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,594 shares of the insurance provider’s stock valued at $1,550,000 after buying an additional 78 shares during the period. Institutional investors own 99.97% of the company’s stock.

RenaissanceRe Price Performance

NYSE RNR traded up $2.70 during trading on Friday, reaching $220.53. The company’s stock had a trading volume of 73,621 shares, compared to its average volume of 338,854. The firm has a fifty day moving average of $223.79 and a 200 day moving average of $221.38. RenaissanceRe Holdings Ltd. has a one year low of $174.22 and a one year high of $239.42. The stock has a market capitalization of $11.66 billion, a PE ratio of 4.82, a P/E/G ratio of 1.55 and a beta of 0.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 1.41.

RenaissanceRe (NYSE:RNR) last released its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $12.18 EPS for the quarter, topping analysts’ consensus estimates of $9.86 by $2.32. RenaissanceRe had a net margin of 24.79% and a return on equity of 27.09%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the company earned $8.16 EPS. The business’s quarterly revenue was up 41.3% compared to the same quarter last year. Analysts expect that RenaissanceRe Holdings Ltd. will post 37.32 EPS for the current fiscal year.

RenaissanceRe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.39 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.71%. RenaissanceRe’s payout ratio is 3.45%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RNR shares. Morgan Stanley decreased their price objective on RenaissanceRe from $257.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday. Bank of America boosted their price target on shares of RenaissanceRe from $334.00 to $347.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group cut their price objective on shares of RenaissanceRe from $251.00 to $248.00 and set a “neutral” rating for the company in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of RenaissanceRe from $245.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Evercore ISI raised their price target on RenaissanceRe from $216.00 to $218.00 and gave the stock an “underperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $261.33.

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.