XTX Topco Ltd Has $1.22 Million Stock Holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR)

XTX Topco Ltd lifted its position in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 360.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,442 shares of the insurance provider’s stock after buying an additional 4,261 shares during the quarter. XTX Topco Ltd’s holdings in RenaissanceRe were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Riverview Trust Co acquired a new position in RenaissanceRe during the 1st quarter worth $26,000. Blue Trust Inc. acquired a new position in shares of RenaissanceRe during the 2nd quarter worth about $27,000. Rise Advisors LLC bought a new stake in RenaissanceRe during the 1st quarter valued at approximately $31,000. V Square Quantitative Management LLC acquired a new stake in RenaissanceRe in the 2nd quarter valued at approximately $31,000. Finally, Mather Group LLC. bought a new position in RenaissanceRe in the 1st quarter worth approximately $34,000. 99.97% of the stock is owned by institutional investors.

RenaissanceRe Trading Up 1.0 %

Shares of RenaissanceRe stock opened at $263.67 on Friday. RenaissanceRe Holdings Ltd. has a 12-month low of $188.24 and a 12-month high of $268.61. The stock has a market capitalization of $13.75 billion, a P/E ratio of 5.83, a price-to-earnings-growth ratio of 1.45 and a beta of 0.38. The company has a 50-day simple moving average of $242.00 and a 200 day simple moving average of $230.99. 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 (NYSE:RNR) last posted its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $12.41 earnings per share for the quarter, topping the consensus estimate of $10.88 by $1.53. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.93 billion. RenaissanceRe had a net margin of 25.38% and a return on equity of 27.74%. Research analysts expect that RenaissanceRe Holdings Ltd. will post 39.01 earnings per share for the current fiscal year.

RenaissanceRe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, September 13th. RenaissanceRe’s dividend payout ratio is currently 3.45%.

Insiders Place Their Bets

In related news, EVP David E. Marra sold 1,000 shares of RenaissanceRe stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $230.00, for a total value of $230,000.00. Following the completion of the transaction, the executive vice president now directly owns 85,544 shares of the company’s stock, valued at $19,675,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Robert Qutub sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $224.56, for a total value of $561,400.00. Following the completion of the sale, the chief financial officer now owns 73,915 shares of the company’s stock, valued at $16,598,352.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David E. Marra sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $230.00, for a total value of $230,000.00. Following the transaction, the executive vice president now directly owns 85,544 shares in the company, valued at approximately $19,675,120. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on RNR. StockNews.com lowered shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. boosted their price target on RenaissanceRe from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Citigroup upped their price target on RenaissanceRe from $262.00 to $298.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Wells Fargo & Company decreased their price objective on RenaissanceRe from $288.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, Bank of America upped their target price on RenaissanceRe from $334.00 to $347.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $272.60.

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.