Lightrock Netherlands B.V. Has $5.23 Million Stake in RenaissanceRe Holdings Ltd. $RNR

Lightrock Netherlands B.V. decreased its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 27.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,517 shares of the insurance provider’s stock after selling 8,200 shares during the quarter. Lightrock Netherlands B.V.’s holdings in RenaissanceRe were worth $5,226,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in RenaissanceRe by 37.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,496,035 shares of the insurance provider’s stock worth $599,049,000 after buying an additional 676,125 shares during the period. Nuveen LLC acquired a new position in RenaissanceRe during the 1st quarter worth about $54,087,000. Cooke & Bieler LP lifted its holdings in RenaissanceRe by 18.0% during the 1st quarter. Cooke & Bieler LP now owns 1,247,742 shares of the insurance provider’s stock worth $299,458,000 after buying an additional 190,139 shares during the period. Great Lakes Advisors LLC lifted its holdings in RenaissanceRe by 49.3% during the 1st quarter. Great Lakes Advisors LLC now owns 326,480 shares of the insurance provider’s stock worth $78,355,000 after buying an additional 107,745 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in RenaissanceRe by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 763,210 shares of the insurance provider’s stock worth $183,175,000 after buying an additional 101,060 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

RNR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RenaissanceRe in a report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $303.00 target price on shares of RenaissanceRe in a report on Thursday, October 9th. The Goldman Sachs Group initiated coverage on RenaissanceRe in a report on Tuesday, October 14th. They set a “sell” rating and a $256.00 target price on the stock. Wells Fargo & Company lifted their target price on RenaissanceRe from $269.00 to $278.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, Evercore ISI set a $244.00 target price on RenaissanceRe and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $283.08.

RenaissanceRe Stock Down 4.3%

Shares of NYSE:RNR opened at $231.75 on Wednesday. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 5.92, a P/E/G ratio of 2.03 and a beta of 0.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50-day moving average is $248.24 and its 200-day moving average is $244.22. RenaissanceRe Holdings Ltd. has a 1 year low of $219.00 and a 1 year high of $300.00.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings data on Tuesday, October 28th. The insurance provider reported $15.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.49 by $6.13. RenaissanceRe had a return on equity of 15.00% and a net margin of 15.44%.The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the business earned $10.23 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts predict that RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current year.

About RenaissanceRe

RenaissanceRe Holdings Ltd., together with its subsidiaries, 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 reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as 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, binding facilities, and regional U.S.