RenaissanceRe Holdings Ltd. (RNR) : Forsta Ap-fonden added new position in RenaissanceRe Holdings Ltd. during the most recent quarter end. The investment management firm now holds 206,535 shares of RenaissanceRe Holdings Ltd. which is valued at $24,234,817 , the company said in a statement filed on Aug 8, 2016 with the SEC.RenaissanceRe Holdings Ltd. makes up approximately 0.68% of Forsta Ap-fonden’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc reduced its stake in RNR by selling 15,105 shares or 4.89% in the most recent quarter. The Hedge Fund company now holds 293,700 shares of RNR which is valued at $34,462,758. RenaissanceRe Holdings Ltd. makes up approx 0.28% of Los Angeles Capital Management Equity Research Inc’s portfolio.I.g. Investment Management Ltd. boosted its stake in RNR in the latest quarter, The investment management firm added 524 additional shares and now holds a total of 6,130 shares of RenaissanceRe Holdings Ltd. which is valued at $723,279. Syntal Capital Partners sold out all of its stake in RNR during the most recent quarter. The investment firm sold 1,941 shares of RNR which is valued $228,106.Quadrant Capital Group boosted its stake in RNR in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 605 shares of RenaissanceRe Holdings Ltd. which is valued at $71,100. RenaissanceRe Holdings Ltd. makes up approx 0.05% of Quadrant Capital Group’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in RNR by selling 18,047 shares or 98.91% in the most recent quarter. The Hedge Fund company now holds 199 shares of RNR which is valued at $23,088.
RenaissanceRe Holdings Ltd. opened for trading at $117.31 and hit $118.25 on the upside on Monday, eventually ending the session at $117.77, with a gain of 0.31% or 0.36 points. The heightened volatility saw the trading volume jump to 1,99,894 shares. Company has a market cap of $4,853 M.
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.