AHL Partners LLP Has $4.75 Million Holdings in RenaissanceRe Holdings Ltd. (RNR)

AHL Partners LLP decreased its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 44.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,129 shares of the insurance provider’s stock after selling 27,207 shares during the quarter. AHL Partners LLP owned about 0.08% of RenaissanceRe Holdings worth $4,745,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in RenaissanceRe Holdings by 4,513.2% during the 1st quarter. BlackRock Inc. now owns 4,001,408 shares of the insurance provider’s stock worth $578,804,000 after purchasing an additional 3,914,669 shares during the last quarter. Vanguard Group Inc. raised its holdings in RenaissanceRe Holdings by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 3,981,921 shares of the insurance provider’s stock worth $575,984,000 after purchasing an additional 206,444 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in RenaissanceRe Holdings by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,217,939 shares of the insurance provider’s stock worth $169,360,000 after purchasing an additional 12,882 shares during the last quarter. Northern Trust Corp raised its holdings in RenaissanceRe Holdings by 0.6% during the 2nd quarter. Northern Trust Corp now owns 808,306 shares of the insurance provider’s stock worth $112,395,000 after purchasing an additional 4,468 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in RenaissanceRe Holdings by 6.7% during the 2nd quarter. TimesSquare Capital Management LLC now owns 803,900 shares of the insurance provider’s stock worth $111,782,000 after purchasing an additional 50,400 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) opened at 137.72 on Friday. The stock has a 50 day moving average of $136.41 and a 200 day moving average of $140.84. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 11.75 and a beta of 0.65. RenaissanceRe Holdings Ltd. has a 1-year low of $120.51 and a 1-year high of $152.00.

RenaissanceRe Holdings (NYSE:RNR) last announced its earnings results on Tuesday, July 25th. The insurance provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.46. The company had revenue of $555.75 million during the quarter, compared to the consensus estimate of $540.65 million. RenaissanceRe Holdings had a return on equity of 8.49% and a net margin of 28.30%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. Analysts predict that RenaissanceRe Holdings Ltd. will post ($4.66) EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.93%. RenaissanceRe Holdings’s dividend payout ratio is presently 10.90%.

RenaissanceRe Holdings declared that its board has initiated a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 8.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

In related news, SVP Ross Curtis sold 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $148.23, for a total transaction of $785,619.00. Following the completion of the transaction, the senior vice president now owns 98,564 shares in the company, valued at $14,610,141.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin Odonnell sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $134.89, for a total value of $674,450.00. Following the transaction, the chief executive officer now owns 197,904 shares of the company’s stock, valued at approximately $26,695,270.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,644 shares of company stock valued at $7,132,297. 1.80% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/08/ahl-partners-llp-has-4-75-million-holdings-in-renaissancere-holdings-ltd-rnr.html.

Several research analysts have issued reports on RNR shares. Buckingham Research started coverage on shares of RenaissanceRe Holdings in a report on Monday, September 11th. They set a “buy” rating and a $165.00 price target for the company. ValuEngine upgraded shares of RenaissanceRe Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Morgan Stanley restated an “equal weight” rating and set a $144.00 price target (up previously from $138.00) on shares of RenaissanceRe Holdings in a report on Friday, July 7th. Wells Fargo & Company restated

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in RenaissanceRe Holdings by 4,513.2% during the 1st quarter. BlackRock Inc. now owns 4,001,408 shares of the insurance provider’s stock worth $578,804,000 after purchasing an additional 3,914,669 shares during the last quarter. Vanguard Group Inc. raised its holdings in RenaissanceRe Holdings by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 3,981,921 shares of the insurance provider’s stock worth $575,984,000 after purchasing an additional 206,444 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in RenaissanceRe Holdings by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,217,939 shares of the insurance provider’s stock worth $169,360,000 after purchasing an additional 12,882 shares during the last quarter. Northern Trust Corp raised its holdings in RenaissanceRe Holdings by 0.6% during the 2nd quarter. Northern Trust Corp now owns 808,306 shares of the insurance provider’s stock worth $112,395,000 after purchasing an additional 4,468 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in RenaissanceRe Holdings by 6.7% during the 2nd quarter. TimesSquare Capital Management LLC now owns 803,900 shares of the insurance provider’s stock worth $111,782,000 after purchasing an additional 50,400 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) opened at 137.72 on Friday. The stock has a 50 day moving average of $136.41 and a 200 day moving average of $140.84. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 11.75 and a beta of 0.65. RenaissanceRe Holdings Ltd. has a 1-year low of $120.51 and a 1-year high of $152.00.

RenaissanceRe Holdings (NYSE:RNR) last announced its earnings results on Tuesday, July 25th. The insurance provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.46. The company had revenue of $555.75 million during the quarter, compared to the consensus estimate of $540.65 million. RenaissanceRe Holdings had a return on equity of 8.49% and a net margin of 28.30%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. Analysts predict that RenaissanceRe Holdings Ltd. will post ($4.66) EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.93%. RenaissanceRe Holdings’s dividend payout ratio is presently 10.90%.

RenaissanceRe Holdings declared that its board has initiated a share repurchase program on Wednesday, August 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 8.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

In related news, SVP Ross Curtis sold 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $148.23, for a total transaction of $785,619.00. Following the completion of the transaction, the senior vice president now owns 98,564 shares in the company, valued at $14,610,141.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin Odonnell sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $134.89, for a total value of $674,450.00. Following the transaction, the chief executive officer now owns 197,904 shares of the company’s stock, valued at approximately $26,695,270.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,644 shares of company stock valued at $7,132,297. 1.80% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/08/ahl-partners-llp-has-4-75-million-holdings-in-renaissancere-holdings-ltd-rnr.html.

Several research analysts have issued reports on RNR shares. Buckingham Research started coverage on shares of RenaissanceRe Holdings in a report on Monday, September 11th. They set a “buy” rating and a $165.00 price target for the company. ValuEngine upgraded shares of RenaissanceRe Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Morgan Stanley restated an “equal weight” rating and set a $144.00 price target (up previously from $138.00) on shares of RenaissanceRe Holdings in a report on Friday, July 7th. Wells Fargo & Company restated a “hold” rating and set a $140.00 price target on shares of RenaissanceRe Holdings in a report on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of RenaissanceRe Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. RenaissanceRe Holdings presently has an average rating of “Hold” and an average price target of $143.28.

RenaissanceRe Holdings Profile

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Company’s products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. Its segments include Property; Casualty and Specialty, and Other category.

Institutional Ownership by Quarter for RenaissanceRe Holdings (NYSE:RNR)

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