Los Angeles Capital Management LLC Has $26.38 Million Stock Holdings in RenaissanceRe Holdings Ltd. $RNR

Los Angeles Capital Management LLC raised its stake in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 25.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 93,830 shares of the insurance provider’s stock after buying an additional 18,977 shares during the quarter. Los Angeles Capital Management LLC owned 0.20% of RenaissanceRe worth $26,381,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RNR. Quarry LP increased its stake in RenaissanceRe by 65.0% in the 3rd quarter. Quarry LP now owns 132 shares of the insurance provider’s stock valued at $34,000 after buying an additional 52 shares during the period. CIBC Private Wealth Group LLC increased its stake in 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 buying an additional 94 shares during the period. Kingdom Financial Group LLC. acquired a new position in RenaissanceRe in the 4th quarter valued at approximately $36,000. SBI Securities Co. Ltd. increased its stake in RenaissanceRe by 33.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 147 shares of the insurance provider’s stock valued at $41,000 after buying an additional 37 shares during the period. Finally, Clearstead Advisors LLC increased its stake in RenaissanceRe by 134.7% in the 4th quarter. Clearstead Advisors LLC now owns 176 shares of the insurance provider’s stock valued at $49,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

RenaissanceRe Stock Performance

Shares of RNR opened at $288.94 on Monday. The company’s fifty day moving average is $299.29 and its 200-day moving average is $288.43. RenaissanceRe Holdings Ltd. has a 12 month low of $231.17 and a 12 month high of $318.20. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 4.82, a price-to-earnings-growth ratio of 0.79 and a beta of 0.18. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings results on Tuesday, March 31st. The insurance provider reported $13.75 EPS for the quarter. RenaissanceRe had a net margin of 24.25% and a return on equity of 24.01%. The company had revenue of $2.19 billion for the quarter. Equities analysts expect that RenaissanceRe Holdings Ltd. will post 40.02 EPS for the current fiscal year.

RenaissanceRe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. RenaissanceRe’s dividend payout ratio is currently 2.73%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Cantor Fitzgerald upgraded shares of RenaissanceRe from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $306.00 to $340.00 in a research note on Thursday, April 9th. UBS Group upped their price objective on shares of RenaissanceRe from $319.00 to $326.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Barclays dropped their price objective on shares of RenaissanceRe from $341.00 to $328.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley lowered shares of RenaissanceRe from an “overweight” rating to an “equal weight” rating and set a $310.00 price target on the stock. in a research note on Thursday, February 26th. Finally, Evercore set a $309.00 price target on shares of RenaissanceRe in a research note on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RenaissanceRe currently has an average rating of “Hold” and an average price target of $322.93.

RenaissanceRe Company 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.