Callan Family Office LLC Makes New $647,000 Investment in RenaissanceRe Holdings Ltd. $RNR

Callan Family Office LLC acquired a new stake in RenaissanceRe Holdings Ltd. (NYSE:RNR) in the 2nd quarter, Holdings Channel reports. The firm acquired 2,041 shares of the insurance provider’s stock, valued at approximately $647,000.

A number of other large investors have also recently made changes to their positions in the company. Quarry LP grew its holdings in RenaissanceRe by 65.0% during the 3rd quarter. Quarry LP now owns 132 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 52 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of RenaissanceRe by 235.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 134 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of RenaissanceRe during the 4th quarter worth $36,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of RenaissanceRe during the 4th quarter worth $38,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of RenaissanceRe by 33.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 147 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 37 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Robert Qutub sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $333.03, for a total transaction of $1,665,150.00. Following the transaction, the executive vice president directly owned 72,907 shares in the company, valued at approximately $24,280,218.21. This trade represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

RenaissanceRe Stock Down 0.0%

RenaissanceRe stock opened at $329.35 on Wednesday. RenaissanceRe Holdings Ltd. has a fifty-two week low of $231.17 and a fifty-two week high of $335.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $13.68 billion, a P/E ratio of 5.65, a PEG ratio of 1.20 and a beta of 0.17. The stock has a 50-day simple moving average of $319.02 and a 200-day simple moving average of $305.78.

RenaissanceRe (NYSE:RNR) last released its quarterly earnings results on Tuesday, June 30th. The insurance provider reported $12.92 earnings per share (EPS) for the quarter. The firm had revenue of $2.77 billion for the quarter. RenaissanceRe had a return on equity of 23.10% and a net margin of 23.65%. Equities research analysts expect that RenaissanceRe Holdings Ltd. will post 42.4 earnings per share for the current year.

RenaissanceRe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 15th. RenaissanceRe’s dividend payout ratio is presently 2.81%.

Analyst Ratings Changes

Several research firms recently commented on RNR. Cantor Fitzgerald reissued an “overweight” rating on shares of RenaissanceRe in a report on Thursday, July 23rd. Mizuho lifted their price target on RenaissanceRe from $325.00 to $329.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings cut RenaissanceRe from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Barclays increased their price objective on RenaissanceRe from $328.00 to $341.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Finally, Evercore set a $330.00 target price on RenaissanceRe in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $336.33.

RenaissanceRe Profile

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.