RenaissanceRe Holdings Ltd. (RNR) : Cookson Peirce Co Inc reduced its stake in RenaissanceRe Holdings Ltd. by 7.89% during the most recent quarter end. The investment management company now holds a total of 57,240 shares of RenaissanceRe Holdings Ltd. which is valued at $6,728,562 after selling 4,900 shares in RenaissanceRe Holdings Ltd. , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.RenaissanceRe Holdings Ltd. makes up approximately 0.97% of Cookson Peirce Co Inc’s portfolio.
Other Hedge Funds, Including , Swiss National Bank boosted its stake in RNR in the latest quarter, The investment management firm added 6,800 additional shares and now holds a total of 120,775 shares of RenaissanceRe Holdings Ltd. which is valued at $14,197,101. RenaissanceRe Holdings Ltd. makes up approx 0.02% of Swiss National Bank’s portfolio.Ngam Advisors boosted its stake in RNR in the latest quarter, The investment management firm added 1,335 additional shares and now holds a total of 87,671 shares of RenaissanceRe Holdings Ltd. which is valued at $10,305,726. RenaissanceRe Holdings Ltd. makes up approx 0.14% of Ngam Advisors’s portfolio.Btc Capital Management boosted its stake in RNR in the latest quarter, The investment management firm added 148 additional shares and now holds a total of 1,823 shares of RenaissanceRe Holdings Ltd. which is valued at $214,294. RenaissanceRe Holdings Ltd. makes up approx 0.05% of Btc Capital Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in RNR by selling 500 shares or 4.17% in the most recent quarter. The Hedge Fund company now holds 11,500 shares of RNR which is valued at $1,345,845. RenaissanceRe Holdings Ltd. makes up approx 0.07% of Louisiana State Employees Retirement System’s portfolio. Tiaa Cref Trust Co Fsbmo added RNR to its portfolio by purchasing 11,107 company shares during the most recent quarter which is valued at $1,300,074. RenaissanceRe Holdings Ltd. makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio.
RenaissanceRe Holdings Ltd. closed down -0.59 points or -0.50% at $117.4 with 2,28,455 shares getting traded on Monday. Post opening the session at $117.99, the shares hit an intraday low of $117.34 and an intraday high of $118.41 and the price fluctuated in this range throughout the day.Shares ended Monday 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.