Schonfeld Strategic Advisors LLC boosted its position in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 442.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,300 shares of the insurance provider’s stock after buying an additional 5,138 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in RenaissanceRe were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in RenaissanceRe by 41,763.5% in the 4th quarter. Assetmark Inc. now owns 118,055 shares of the insurance provider’s stock worth $23,141,000 after purchasing an additional 117,773 shares in the last quarter. Credit Suisse AG increased its stake in shares of RenaissanceRe by 66.7% in the fourth quarter. Credit Suisse AG now owns 240,136 shares of the insurance provider’s stock valued at $47,070,000 after buying an additional 96,117 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in shares of RenaissanceRe in the fourth quarter valued at about $10,879,000. FMR LLC increased its stake in shares of RenaissanceRe by 5.4% in the fourth quarter. FMR LLC now owns 831,521 shares of the insurance provider’s stock valued at $162,994,000 after buying an additional 42,897 shares during the period. Finally, UBS Group AG increased its stake in shares of RenaissanceRe by 45.5% in the fourth quarter. UBS Group AG now owns 94,345 shares of the insurance provider’s stock valued at $18,494,000 after buying an additional 29,483 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Shares of RenaissanceRe stock traded down $1.02 on Wednesday, hitting $135.88. 597,323 shares of the company’s stock traded hands, compared to its average volume of 376,431. RenaissanceRe Holdings Ltd. has a one year low of $113.27 and a one year high of $202.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.59 and a quick ratio of 1.59. The company has a fifty day moving average of $174.71 and a two-hundred day moving average of $186.21. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.96 and a beta of 0.38.

RenaissanceRe (NYSE:RNR) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.41). RenaissanceRe had a net margin of 17.82% and a return on equity of 8.46%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $517.15 million. During the same quarter in the previous year, the company earned $0.02 EPS. Equities research analysts anticipate that RenaissanceRe Holdings Ltd. will post 15.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.35 per share. This is a positive change from RenaissanceRe’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.03%. RenaissanceRe’s dividend payout ratio is presently 15.33%.

RNR has been the subject of several recent research reports. Citigroup initiated coverage on RenaissanceRe in a research note on Tuesday, January 21st. They issued a “neutral” rating and a $192.00 price target for the company. Wells Fargo & Co reissued a “buy” rating and issued a $223.00 price target on shares of RenaissanceRe in a research note on Thursday, February 6th. Barclays reissued a “sell” rating and issued a $190.00 price target on shares of RenaissanceRe in a research note on Tuesday, January 7th. ValuEngine raised RenaissanceRe from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Buckingham Research increased their price target on RenaissanceRe from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. RenaissanceRe presently has a consensus rating of “Hold” and an average target price of $192.67.

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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