Envestnet Asset Management Inc. Buys 4,303 Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR)

Envestnet Asset Management Inc. lifted its stake in RenaissanceRe Holdings Ltd. (NYSE:RNRGet Rating) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,552 shares of the insurance provider’s stock after purchasing an additional 4,303 shares during the period. Envestnet Asset Management Inc. owned 0.11% of RenaissanceRe worth $7,592,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RNR. Assetmark Inc. raised its position in shares of RenaissanceRe by 4.2% in the 2nd quarter. Assetmark Inc. now owns 6,398 shares of the insurance provider’s stock worth $1,000,000 after acquiring an additional 259 shares in the last quarter. Retirement Systems of Alabama grew its stake in RenaissanceRe by 0.9% in the second quarter. Retirement Systems of Alabama now owns 58,212 shares of the insurance provider’s stock worth $9,103,000 after purchasing an additional 503 shares during the period. Candriam S.C.A. bought a new position in RenaissanceRe in the second quarter worth $6,705,000. ARGA Investment Management LP lifted its position in RenaissanceRe by 4.6% during the second quarter. ARGA Investment Management LP now owns 617,445 shares of the insurance provider’s stock valued at $96,550,000 after buying an additional 26,968 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of RenaissanceRe by 21.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 19,461 shares of the insurance provider’s stock valued at $3,043,000 after buying an additional 3,429 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

RenaissanceRe Stock Up 0.0 %

Shares of RenaissanceRe stock opened at $181.29 on Thursday. The company has a 50-day simple moving average of $145.04 and a two-hundred day simple moving average of $144.60. RenaissanceRe Holdings Ltd. has a 52-week low of $124.18 and a 52-week high of $187.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $7.92 billion, a PE ratio of -5.80 and a beta of 0.36.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley lowered their price target on shares of RenaissanceRe from $162.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, August 19th. StockNews.com lowered shares of RenaissanceRe from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wells Fargo & Company upped their price target on RenaissanceRe from $171.00 to $184.00 in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $165.33.

About RenaissanceRe

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RenaissanceRe Holdings Ltd. 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 retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising 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.

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Institutional Ownership by Quarter for RenaissanceRe (NYSE:RNR)

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