Geneos Wealth Management Inc. Has $130,000 Stock Position in RenaissanceRe Holdings Ltd. $RNR

Geneos Wealth Management Inc. lifted its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 40.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 541 shares of the insurance provider’s stock after buying an additional 156 shares during the quarter. Geneos Wealth Management Inc.’s holdings in RenaissanceRe were worth $130,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in RenaissanceRe by 151.7% in the 1st quarter. Brooklyn Investment Group now owns 146 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 88 shares during the period. Tsfg LLC acquired a new stake in shares of RenaissanceRe in the first quarter valued at approximately $40,000. LRI Investments LLC raised its position in shares of RenaissanceRe by 116.5% in the first quarter. LRI Investments LLC now owns 262 shares of the insurance provider’s stock valued at $63,000 after buying an additional 141 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of RenaissanceRe by 10.5% in the first quarter. Advisors Asset Management Inc. now owns 441 shares of the insurance provider’s stock valued at $106,000 after buying an additional 42 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of RenaissanceRe by 165.1% during the 1st quarter. UMB Bank n.a. now owns 464 shares of the insurance provider’s stock valued at $111,000 after acquiring an additional 289 shares during the period. Institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on RNR shares. UBS Group upped their target price on RenaissanceRe from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley dropped their target price on shares of RenaissanceRe from $285.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, July 14th. Wolfe Research began coverage on shares of RenaissanceRe in a research report on Monday. They issued a “peer perform” rating for the company. Keefe, Bruyette & Woods boosted their target price on shares of RenaissanceRe from $268.00 to $269.00 and gave the company a “market perform” rating in a research report on Monday, July 28th. Finally, Citigroup started coverage on shares of RenaissanceRe in a research report on Wednesday, August 13th. They set a “buy” rating and a $288.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $282.09.

RenaissanceRe Trading Up 1.7%

Shares of RenaissanceRe stock opened at $241.07 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. RenaissanceRe Holdings Ltd. has a 52 week low of $219.00 and a 52 week high of $300.00. The stock has a 50 day moving average price of $241.63 and a two-hundred day moving average price of $241.66. The stock has a market capitalization of $11.35 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 2.32 and a beta of 0.29.

RenaissanceRe (NYSE:RNR) last issued its quarterly earnings data on Wednesday, July 23rd. The insurance provider reported $12.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.28 by $2.01. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.96 billion. RenaissanceRe had a net margin of 15.44% and a return on equity of 15.00%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the company earned $12.41 earnings per share. As a group, equities analysts anticipate that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current fiscal year.

RenaissanceRe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. RenaissanceRe’s payout ratio is presently 4.09%.

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.