Strs Ohio Has $281,000 Stock Holdings in RenaissanceRe Holdings Ltd. $RNR

Strs Ohio trimmed its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 96.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,105 shares of the insurance provider’s stock after selling 31,237 shares during the quarter. Strs Ohio’s holdings in RenaissanceRe were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in RenaissanceRe by 55.6% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 10,470 shares of the insurance provider’s stock worth $2,659,000 after acquiring an additional 3,742 shares in the last quarter. Vest Financial LLC increased its position in shares of RenaissanceRe by 17.4% during the 3rd quarter. Vest Financial LLC now owns 4,647 shares of the insurance provider’s stock worth $1,180,000 after purchasing an additional 690 shares in the last quarter. Root Financial Partners LLC bought a new position in RenaissanceRe during the 3rd quarter valued at about $36,000. Wealth Enhancement Advisory Services LLC lifted its holdings in RenaissanceRe by 15.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,389 shares of the insurance provider’s stock valued at $2,240,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in RenaissanceRe in the third quarter valued at about $323,000. Institutional investors own 99.97% of the company’s stock.

RenaissanceRe Price Performance

Shares of RNR opened at $281.19 on Monday. The stock has a market cap of $12.97 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 2.95 and a beta of 0.24. RenaissanceRe Holdings Ltd. has a 1 year low of $219.00 and a 1 year high of $285.26. The stock’s 50-day moving average price is $272.57 and its two-hundred day moving average price is $257.28. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.21.

RenaissanceRe Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 15th. This represents a $1.60 annualized dividend and a yield of 0.6%. RenaissanceRe’s dividend payout ratio (DPR) is presently 4.45%.

Analyst Ratings Changes

A number of research firms have recently issued reports on RNR. Morgan Stanley reiterated an “overweight” rating and issued a $300.00 target price on shares of RenaissanceRe in a research note on Tuesday, December 16th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $267.00 price target on shares of RenaissanceRe in a report on Wednesday, January 7th. Weiss Ratings reissued a “buy (b)” rating on shares of RenaissanceRe in a research note on Monday, December 29th. Cantor Fitzgerald raised their target price on RenaissanceRe from $252.00 to $282.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price target on RenaissanceRe from $303.00 to $329.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $298.07.

RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.