Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) gapped down prior to trading on Friday . The stock had previously closed at $115.95, but opened at $116.17. RenaissanceRe Holdings shares last traded at $117.59, with a volume of 35,913 shares.

RNR has been the topic of a number of research reports. Citigroup Inc. increased their price objective on shares of RenaissanceRe Holdings from $130.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. Zacks Investment Research lowered shares of RenaissanceRe Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 14th. Finally, Keefe, Bruyette & Woods lowered shares of RenaissanceRe Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $117.50.

The stock’s 50-day moving average is $114.93 and its 200-day moving average is $114.36. The company has a market cap of $5.04 billion and a price-to-earnings ratio of 14.20.

RenaissanceRe Holdings (NYSE:RNR) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $2.66 by $1.15. During the same period in the previous year, the company earned $3.10 EPS. The firm had revenue of $448.10 million for the quarter, compared to analyst estimates of $401.66 million. The company’s revenue was up 17.3% on a year-over-year basis. On average, analysts predict that RenaissanceRe Holdings Ltd. will post $7.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.24 annualized dividend and a yield of 1.06%.

In other RenaissanceRe Holdings news, SVP Stephen Howard Weinstein sold 3,000 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $117.50, for a total value of $352,500.00. Following the transaction, the senior vice president now directly owns 82,596 shares of the company’s stock, valued at approximately $9,705,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rider Fonner Todd sold 1,500 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $111.01, for a total transaction of $166,515.00. Following the completion of the transaction, the senior vice president now directly owns 72,568 shares in the company, valued at $8,055,773.68. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of RenaissanceRe Holdings by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 3,418,480 shares of the company’s stock valued at $386,937,000 after buying an additional 144,141 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RenaissanceRe Holdings by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,093,449 shares of the company’s stock valued at $123,774,000 after buying an additional 25,043 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of RenaissanceRe Holdings by 7.4% in the fourth quarter. Wells Fargo & Company MN now owns 312,252 shares of the company’s stock valued at $35,343,000 after buying an additional 21,607 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of RenaissanceRe Holdings by 16.5% in the fourth quarter. California Public Employees Retirement System now owns 125,563 shares of the company’s stock valued at $14,212,000 after buying an additional 17,800 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of RenaissanceRe Holdings by 45.0% in the fourth quarter. Morgan Stanley now owns 123,033 shares of the company’s stock valued at $13,926,000 after buying an additional 38,211 shares in the last quarter.

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Company’s core products include property catastrophe reinsurance and specialty reinsurance risks. The Company’s segments 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.

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