Sepio Capital LP Buys New Holdings in RenaissanceRe Holdings Ltd. $RNR

Sepio Capital LP bought a new stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,249 shares of the insurance provider’s stock, valued at approximately $2,319,000.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in RenaissanceRe by 33.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 147 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 37 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in RenaissanceRe by 20.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 230 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 39 shares during the period. AMG National Trust Bank grew its holdings in RenaissanceRe by 0.7% during the third quarter. AMG National Trust Bank now owns 5,787 shares of the insurance provider’s stock valued at $1,469,000 after purchasing an additional 40 shares during the period. Signaturefd LLC grew its holdings in RenaissanceRe by 8.9% during the fourth quarter. Signaturefd LLC now owns 504 shares of the insurance provider’s stock valued at $142,000 after purchasing an additional 41 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in RenaissanceRe by 2.6% during the third quarter. Brown Brothers Harriman & Co. now owns 2,006 shares of the insurance provider’s stock valued at $509,000 after purchasing an additional 51 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

RenaissanceRe Price Performance

Shares of RenaissanceRe stock opened at $298.39 on Friday. The stock’s 50-day simple moving average is $298.91 and its 200-day simple moving average is $289.24. RenaissanceRe Holdings Ltd. has a 52 week low of $231.17 and a 52 week high of $318.20. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 0.81 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.

RenaissanceRe (NYSE:RNR) last posted its earnings results on Tuesday, March 31st. The insurance provider reported $13.75 EPS for the quarter. The company had revenue of $2.19 billion for the quarter. RenaissanceRe had a return on equity of 24.01% and a net margin of 24.25%. As a group, analysts expect that RenaissanceRe Holdings Ltd. will post 40.05 earnings per share for the current fiscal year.

RenaissanceRe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, June 15th. RenaissanceRe’s payout ratio is currently 2.73%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RNR shares. Keefe, Bruyette & Woods boosted their price target on RenaissanceRe from $323.00 to $327.00 and gave the company a “market perform” rating in a report on Tuesday, April 7th. Bank of America cut their price target on RenaissanceRe to $426.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Barclays cut their price target on RenaissanceRe from $341.00 to $328.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Mizuho set a $325.00 price target on RenaissanceRe in a report on Monday, May 4th. Finally, Evercore set a $309.00 price objective on RenaissanceRe in a research report on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, RenaissanceRe has an average rating of “Hold” and an average target price of $323.64.

RenaissanceRe Company Profile

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.