SG Americas Securities LLC Has $178,000 Stock Position in RenaissanceRe Holdings Ltd. (NYSE:RNR)

SG Americas Securities LLC lessened its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 68.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 652 shares of the insurance provider’s stock after selling 1,391 shares during the period. SG Americas Securities LLC’s holdings in RenaissanceRe were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Impax Asset Management Group plc increased its position in RenaissanceRe by 7.7% in the 2nd quarter. Impax Asset Management Group plc now owns 1,282,270 shares of the insurance provider’s stock worth $286,028,000 after buying an additional 91,425 shares during the period. Cooke & Bieler LP increased its holdings in RenaissanceRe by 9.2% in the 2nd quarter. Cooke & Bieler LP now owns 1,027,601 shares of the insurance provider’s stock valued at $229,679,000 after buying an additional 86,562 shares during the period. Dimensional Fund Advisors LP increased its holdings in RenaissanceRe by 21.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 624,469 shares of the insurance provider’s stock valued at $139,579,000 after buying an additional 109,851 shares during the period. Earnest Partners LLC lifted its holdings in shares of RenaissanceRe by 6.1% during the 1st quarter. Earnest Partners LLC now owns 578,139 shares of the insurance provider’s stock worth $135,880,000 after acquiring an additional 33,448 shares during the period. Finally, Great Lakes Advisors LLC boosted its position in shares of RenaissanceRe by 3.1% during the 2nd quarter. Great Lakes Advisors LLC now owns 254,965 shares of the insurance provider’s stock valued at $56,987,000 after acquiring an additional 7,718 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

RNR has been the subject of a number of recent research reports. UBS Group dropped their target price on RenaissanceRe from $251.00 to $248.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. increased their price objective on RenaissanceRe from $267.00 to $274.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of RenaissanceRe from $280.00 to $314.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. StockNews.com cut shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Evercore ISI raised their price target on RenaissanceRe from $218.00 to $229.00 and gave the company an “underperform” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $289.00.

Insiders Place Their Bets

In other RenaissanceRe news, EVP David E. Marra sold 1,000 shares of RenaissanceRe stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $279.00, for a total value of $279,000.00. Following the transaction, the executive vice president now owns 82,044 shares of the company’s stock, valued at approximately $22,890,276. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Robert Qutub sold 2,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $224.56, for a total value of $561,400.00. Following the completion of the transaction, the chief financial officer now owns 73,915 shares in the company, valued at $16,598,352.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David E. Marra sold 1,000 shares of the company’s stock in a transaction that occurred 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 owns 82,044 shares in the company, valued at approximately $22,890,276. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,500 shares of company stock worth $1,109,400. Corporate insiders own 1.30% of the company’s stock.

RenaissanceRe Stock Performance

RenaissanceRe stock opened at $275.09 on Thursday. RenaissanceRe Holdings Ltd. has a 1 year low of $188.24 and a 1 year high of $284.36. The company’s 50-day moving average is $262.12 and its two-hundred day moving average is $237.51. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21. The company has a market cap of $14.35 billion, a PE ratio of 5.44, a PEG ratio of 1.85 and a beta of 0.38.

RenaissanceRe (NYSE:RNR) last posted its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $12.41 earnings per share for the quarter, beating analysts’ consensus estimates of $10.88 by $1.53. RenaissanceRe had a return on equity of 27.74% and a net margin of 25.38%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.93 billion. Equities analysts anticipate that RenaissanceRe Holdings Ltd. will post 39.96 earnings per share for the current year.

RenaissanceRe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, September 13th. RenaissanceRe’s payout ratio is presently 3.08%.

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.