Vanguard Personalized Indexing Management LLC Has $910,000 Stake in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,072 shares of the insurance provider’s stock after acquiring an additional 439 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in RenaissanceRe were worth $910,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in RenaissanceRe in the 1st quarter valued at $46,000. Royal London Asset Management Ltd. boosted its position in shares of RenaissanceRe by 38.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 24,811 shares of the insurance provider’s stock valued at $4,863,000 after acquiring an additional 6,874 shares during the period. American International Group Inc. grew its position in shares of RenaissanceRe by 1,829.6% during the 4th quarter. American International Group Inc. now owns 1,393,546 shares of the insurance provider’s stock worth $273,135,000 after purchasing an additional 1,321,325 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of RenaissanceRe by 62,400.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 10,000 shares of the insurance provider’s stock valued at $1,960,000 after buying an additional 9,984 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in shares of RenaissanceRe during the 2nd quarter valued at $2,887,000. Institutional investors own 99.97% of the company’s stock.

Insider Activity

In other news, CFO Robert Qutub sold 2,500 shares of the business’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 transaction of $561,400.00. Following the completion of the transaction, the chief financial officer now directly owns 73,915 shares of the company’s stock, valued at $16,598,352.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Robert Qutub sold 2,500 shares of the business’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 transaction of $561,400.00. Following the completion of the sale, the chief financial officer now directly owns 73,915 shares in the company, valued at $16,598,352.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David E. Marra sold 1,000 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 85,544 shares in the company, valued at $19,675,120. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

RenaissanceRe Stock Performance

RenaissanceRe stock opened at $264.44 on Tuesday. The firm has a market cap of $13.98 billion, a P/E ratio of 5.84, a P/E/G ratio of 1.45 and a beta of 0.38. RenaissanceRe Holdings Ltd. has a 1-year low of $188.24 and a 1-year high of $268.61. The firm has a 50-day moving average of $243.66 and a 200-day moving average of $231.60. 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 (NYSE:RNR) last posted its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $12.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.88 by $1.53. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.93 billion. RenaissanceRe had a return on equity of 27.74% and a net margin of 25.38%. Sell-side analysts expect that RenaissanceRe Holdings Ltd. will post 39.01 EPS for the current year.

RenaissanceRe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.59%. RenaissanceRe’s dividend payout ratio is presently 3.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RNR shares. Citigroup boosted their target price on shares of RenaissanceRe from $262.00 to $298.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of RenaissanceRe from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. UBS Group decreased their target price on RenaissanceRe from $251.00 to $248.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company dropped their target price on shares of RenaissanceRe from $288.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Finally, StockNews.com downgraded RenaissanceRe from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $272.60.

RenaissanceRe Company 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.