RenaissanceRe Holdings Ltd. (RNR) : Catalyst Capital Advisors reduced its stake in RenaissanceRe Holdings Ltd. by 12.15% during the most recent quarter end. The investment management company now holds a total of 57,100 shares of RenaissanceRe Holdings Ltd. which is valued at $6,704,111 after selling 7,900 shares in RenaissanceRe Holdings Ltd. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.RenaissanceRe Holdings Ltd. makes up approximately 1.21% of Catalyst Capital Advisors’s portfolio.
Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in RNR in the latest quarter, The investment management firm added 340 additional shares and now holds a total of 383 shares of RenaissanceRe Holdings Ltd. which is valued at $44,968.Cibc Asset Management Inc boosted its stake in RNR in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 6,180 shares of RenaissanceRe Holdings Ltd. which is valued at $726,459. RenaissanceRe Holdings Ltd. makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.
RenaissanceRe Holdings Ltd. closed down -0.41 points or -0.35% at $117 with 1,79,619 shares getting traded on Friday. Post opening the session at $116.84, the shares hit an intraday low of $116.4701 and an intraday high of $117.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, RenaissanceRe Holdings Ltd. reported $1.51 EPS for the quarter, missing the analyst consensus estimate by $ -1.19 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $2.70. The company had revenue of $448.12 million for the quarter, compared to analysts expectations of $398.98 million. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.
Investors should note that on Aug 2, 2016, RenaissanceRe Holdings Ltd. announced a cash dividend of $0.3100. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on RenaissanceRe Holdings Ltd.. RenaissanceRe Holdings Ltd. was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 11, 2016.
RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Companys core products include property catastrophe reinsurance specialty reinsurance risks and certain insurance products. Its operating segments include Catastrophe Reinsurance Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance offers coverage against natural catastrophes such as earthquakes hurricanes and tsunamis as well as other natural and manmade catastrophes. Specialty Reinsurance offers coverage in aviation casualty clash catastrophe exposed personal lines property. Lloyd’s underwriting platform provides access to Lloyd’s distribution network. Property catastrophe reinsurance is written for own account for DaVinci and for other joint ventures. It writes specialty reinsurance for own account and for DaVinci covering certain targeted classes of business. The Lloyd’s segment includes insurance and reinsurance business written for own account through Syndicate 1458.