RenaissanceRe Holdings Ltd. (NYSE:RNR) Shares Purchased by Jane Street Group LLC

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Jane Street Group LLC increased its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,531 shares of the insurance provider’s stock after purchasing an additional 67 shares during the quarter. Jane Street Group LLC’s holdings in RenaissanceRe were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strs Ohio boosted its position in shares of RenaissanceRe by 2.4% during the 2nd quarter. Strs Ohio now owns 3,441 shares of the insurance provider’s stock worth $612,000 after acquiring an additional 80 shares in the last quarter. Man Group plc boosted its position in shares of RenaissanceRe by 17.4% in the 2nd quarter. Man Group plc now owns 12,054 shares of the insurance provider’s stock valued at $2,145,000 after purchasing an additional 1,789 shares during the period. IFM Investors Pty Ltd boosted its position in shares of RenaissanceRe by 45.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 3,320 shares of the insurance provider’s stock valued at $591,000 after purchasing an additional 1,030 shares during the period. First Trust Advisors LP boosted its position in shares of RenaissanceRe by 339.5% in the 1st quarter. First Trust Advisors LP now owns 64,938 shares of the insurance provider’s stock valued at $9,319,000 after purchasing an additional 50,162 shares during the period. Finally, Machina Capital S.A.S. acquired a new stake in shares of RenaissanceRe in the 2nd quarter valued at about $166,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

RNR opened at $190.84 on Friday. The business has a 50 day moving average price of $188.44 and a two-hundred day moving average price of $175.02. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.26. The company has a market cap of $8.38 billion, a PE ratio of 21.27, a P/E/G ratio of 1.37 and a beta of 0.31. RenaissanceRe Holdings Ltd. has a 52 week low of $118.28 and a 52 week high of $195.18.

RenaissanceRe (NYSE:RNR) last posted its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $4.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.58 by $1.20. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $824.40 million. RenaissanceRe had a return on equity of 8.87% and a net margin of 19.47%. The firm’s revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business earned $5.23 EPS. As a group, sell-side analysts expect that RenaissanceRe Holdings Ltd. will post 14.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, September 12th. RenaissanceRe’s dividend payout ratio is presently 14.83%.

A number of analysts recently issued reports on RNR shares. Wells Fargo & Co upped their target price on RenaissanceRe from $155.00 to $175.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. ValuEngine cut RenaissanceRe from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Deutsche Bank cut RenaissanceRe from a “buy” rating to a “hold” rating and set a $186.00 target price for the company. in a research report on Monday, July 15th. They noted that the move was a valuation call. Barclays upped their target price on RenaissanceRe from $165.00 to $175.00 and gave the company an “underweight” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their target price on RenaissanceRe from $154.00 to $187.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $169.40.

In other RenaissanceRe news, CEO Kevin Odonnell sold 28,375 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $182.05, for a total transaction of $5,165,668.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sean G. Brosnan sold 931 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $183.91, for a total value of $171,220.21. Following the sale, the senior vice president now directly owns 8,779 shares of the company’s stock, valued at $1,614,545.89. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

About RenaissanceRe

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 earthquakes, hurricanes, 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, and binding facilities and regional U.S.

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Institutional Ownership by Quarter for RenaissanceRe (NYSE:RNR)

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