Signaturefd LLC Buys 140 Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR)

Signaturefd LLC raised its stake in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 45.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 445 shares of the insurance provider’s stock after purchasing an additional 140 shares during the quarter. Signaturefd LLC’s holdings in RenaissanceRe were worth $121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RNR. Dimensional Fund Advisors LP lifted its position in RenaissanceRe by 21.3% in the second quarter. Dimensional Fund Advisors LP now owns 624,469 shares of the insurance provider’s stock valued at $139,579,000 after purchasing an additional 109,851 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of RenaissanceRe by 7.7% during the second quarter. Impax Asset Management Group plc now owns 1,282,270 shares of the insurance provider’s stock valued at $286,028,000 after acquiring an additional 91,425 shares in the last quarter. Cooke & Bieler LP raised its holdings in shares of RenaissanceRe by 9.2% during the second quarter. Cooke & Bieler LP now owns 1,027,601 shares of the insurance provider’s stock valued at $229,679,000 after acquiring an additional 86,562 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of RenaissanceRe by 480.2% during the second quarter. Jupiter Asset Management Ltd. now owns 41,726 shares of the insurance provider’s stock valued at $9,326,000 after acquiring an additional 34,534 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of RenaissanceRe by 6.1% during the first quarter. Earnest Partners LLC now owns 578,139 shares of the insurance provider’s stock valued at $135,880,000 after acquiring an additional 33,448 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays assumed coverage on RenaissanceRe in a report on Wednesday, September 4th. They set an “equal weight” rating and a $287.00 target price for the company. Wells Fargo & Company upped their target price on RenaissanceRe from $280.00 to $314.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley decreased their target price on RenaissanceRe from $257.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Evercore ISI upped their target price on RenaissanceRe from $218.00 to $229.00 and gave the company an “underperform” rating in a report on Wednesday, October 9th. Finally, Citigroup upped their price target on RenaissanceRe from $262.00 to $298.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $289.00.

RenaissanceRe Trading Up 0.3 %

NYSE RNR opened at $269.28 on Tuesday. RenaissanceRe Holdings Ltd. has a 12 month low of $188.24 and a 12 month high of $284.36. The stock has a market cap of $14.05 billion, a P/E ratio of 5.32, a P/E/G ratio of 1.75 and a beta of 0.38. The stock’s fifty day moving average price is $264.59 and its 200-day moving average price is $238.94. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21.

RenaissanceRe Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.39 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.58%. RenaissanceRe’s dividend payout ratio is currently 3.08%.

Insider Transactions at RenaissanceRe

In other news, EVP David E. Marra sold 1,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $279.00, for a total value of $279,000.00. Following the sale, the executive vice president now directly owns 82,044 shares of the company’s stock, valued at approximately $22,890,276. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

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.