RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in RenaissanceRe Holdings Ltd. (NYSE:RNR – Get Rating) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,172 shares of the insurance provider’s stock after selling 22,817 shares during the period. Dimensional Fund Advisors LP owned 1.14% of RenaissanceRe worth $92,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of RenaissanceRe during the third quarter worth about $28,000. Neo Ivy Capital Management acquired a new stake in shares of RenaissanceRe during the third quarter worth about $29,000. Signaturefd LLC boosted its stake in shares of RenaissanceRe by 64.4% during the third quarter. Signaturefd LLC now owns 240 shares of the insurance provider’s stock worth $34,000 after buying an additional 94 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of RenaissanceRe during the fourth quarter worth about $38,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of RenaissanceRe by 514.6% during the third quarter. Rockefeller Capital Management L.P. now owns 295 shares of the insurance provider’s stock worth $41,000 after buying an additional 247 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

RenaissanceRe Stock Down 4.9 %

NYSE RNR opened at $189.03 on Tuesday. RenaissanceRe Holdings Ltd. has a 52-week low of $124.18 and a 52-week high of $223.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50-day moving average price of $202.84 and a 200 day moving average price of $197.40.

RenaissanceRe (NYSE:RNR – Get Rating) last issued its earnings results on Tuesday, May 2nd. The insurance provider reported $8.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.34 by $0.82. RenaissanceRe had a negative net margin of 1.61% and a positive return on equity of 11.89%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the company posted $3.50 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that RenaissanceRe Holdings Ltd. will post 23.94 earnings per share for the current fiscal year.

RenaissanceRe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 0.80%. RenaissanceRe’s dividend payout ratio (DPR) is presently -41.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of RenaissanceRe in a research note on Thursday, May 18th. They set a “hold” rating for the company. Jefferies Financial Group increased their target price on shares of RenaissanceRe from $215.00 to $221.00 and gave the stock a “hold” rating in a research note on Monday, April 10th. Wells Fargo & Company increased their price target on shares of RenaissanceRe from $245.00 to $256.00 and gave the stock an “overweight” rating in a report on Wednesday, April 5th. TheStreet raised shares of RenaissanceRe from a “c+” rating to a “b” rating in a report on Tuesday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of RenaissanceRe from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Friday, March 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, RenaissanceRe currently has a consensus rating of “Hold” and an average target price of $206.80.

RenaissanceRe Company Profile

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RenaissanceRe Holdings Ltd. engages in the provision of reinsurance and insurance services. It operates through the following business segments: Property, Casualty and Specialty, and Other. The Property segment focuses on catastrophe, and other property reinsurance and insurance. The Casualty and Specialty segment deals with casualty and specialty reinsurance, and insurance.