November 30, 2016 - By Adrian Mccoy · 0 Comments
Renaissancere Holdings LTD (NYSE:RNR) institutional sentiment decreased to 0.78 in 2016 Q2. Its down -0.22, from 1 in 2016Q1. The ratio dropped, as 123 funds opened new and increased stock positions, while 123 decreased and sold stock positions in Renaissancere Holdings LTD. The funds in our partner’s database now possess: 38.27 million shares, down from 39.17 million shares in 2016Q1. Also, the number of funds holding Renaissancere Holdings LTD in their top 10 stock positions increased from 4 to 6 for an increase of 2. Sold All: 24 Reduced: 99 Increased: 102 New Position: 21.
RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The company has a market cap of $5.37 billion. The Company’s core products include property catastrophe reinsurance and specialty reinsurance risks. It has a 11.03 P/E ratio. The Company’s divisions include Catastrophe Reinsurance, Specialty Reinsurance and Lloyd’s.
About 48,445 shares traded hands. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 19.43% since April 27, 2016 and is uptrending. It has outperformed by 14.21% the S&P500.
Analysts await RenaissanceRe Holdings Ltd. (NYSE:RNR) to report earnings on February, 7. They expect $1.52 earnings per share, down 50.49% or $1.55 from last year’s $3.07 per share. RNR’s profit will be $62.36M for 21.53 P/E if the $1.52 EPS becomes a reality. After $2.09 actual earnings per share reported by RenaissanceRe Holdings Ltd. for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth.
According to Zacks Investment Research, “RENAISSANCERE Holdings Ltd. provides reinsurance and insurance coverage where the risk of natural catastrophe represents a significant component of the overall exposure. You’ll find information on our web-site about Renaissance Re as well as all of our other subsidiary companies and the nature of their businesses.”
Lagoda Investment Management L.P. holds 9.13% of its portfolio in RenaissanceRe Holdings Ltd. for 208,574 shares. Abrams Bison Investments Llc owns 625,657 shares or 6.82% of their US portfolio. Moreover, Nepsis Capital Management Inc. has 3.41% invested in the company for 51,004 shares. The Pennsylvania-based Cooke & Bieler Lp has invested 2.92% in the stock. Philadelphia Financial Management Of San Francisco Llc, a California-based fund reported 93,756 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 18 sales for $7.36 million net activity.
Ratings analysis reveals 13% of RenaissanceRe’s analysts are positive. Out of 8 Wall Street analysts rating RenaissanceRe, 1 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $115 while the high is $138. The stock’s average target of $120 is -8.33% below today’s ($130.9) share price. RNR was included in 12 notes of analysts from October 14, 2015. The firm earned “Neutral” rating on Thursday, April 28 by Citigroup. The firm earned “Neutral” rating on Tuesday, November 22 by Citigroup. Nomura upgraded the shares of RNR in a report on Monday, December 7 to “Neutral” rating. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The firm has “Market Perform” rating given on Monday, July 11 by Wood. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) earned “Buy” rating by Citigroup on Friday, April 8. The company was downgraded on Monday, November 21 by Deutsche Bank. The stock has “Mkt Perform” rating given by Bernstein on Wednesday, October 14. The firm has “Neutral” rating given on Tuesday, November 15 by Goldman Sachs.
RenaissanceRe Holdings Ltd., incorporated on June 7, 1993, provides reinsurance and insurance coverages and related services. The Company’s core products include property catastrophe reinsurance and specialty reinsurance risks. The Company’s divisions include Catastrophe Reinsurance, Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance includes catastrophe reinsurance and certain property catastrophe joint ventures managed by the Company’s ventures unit. Specialty Reinsurance includes specialty reinsurance and certain specialty joint ventures managed by its ventures unit. Lloyd’s includes reinsurance and insurance business written through RenaissanceRe Syndicate 1458 (Syndicate 1458).
Another recent and important RenaissanceRe Holdings Ltd. (NYSE:RNR) news was published by Businesswire.com which published an article titled: “RenaissanceRe Holdings Ltd. Announces Finance Leadership Team Changes” on October 27, 2016.
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By Adrian Mccoy