RenaissanceRe Holdings Ltd. (RNR) : Hillhouse Capital Management Ltd. reduced its stake in RenaissanceRe Holdings Ltd. by 0.48% during the most recent quarter end. The investment management company now holds a total of 428,115 shares of RenaissanceRe Holdings Ltd. which is valued at $55,898,976 after selling 2,065 shares in RenaissanceRe Holdings Ltd. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.RenaissanceRe Holdings Ltd. makes up approximately 1.26% of Hillhouse Capital Management Ltd.’s portfolio.
Other Hedge Funds, Including , Qs Investors boosted its stake in RNR in the latest quarter, The investment management firm added 370 additional shares and now holds a total of 2,267 shares of RenaissanceRe Holdings Ltd. which is valued at $296,002.Mutual Of America Capital Management reduced its stake in RNR by selling 319 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 31,604 shares of RNR which is valued at $3,920,476. RenaissanceRe Holdings Ltd. makes up approx 0.08% of Mutual Of America Capital Management’s portfolio.Texas Permanent School Fund reduced its stake in RNR by selling 1,559 shares or 4.73% in the most recent quarter. The Hedge Fund company now holds 31,392 shares of RNR which is valued at $3,876,912. RenaissanceRe Holdings Ltd. makes up approx 0.05% of Texas Permanent School Fund’s portfolio.
RenaissanceRe Holdings Ltd. closed down -0.09 points or -0.07% at $131.78 with 2,28,238 shares getting traded on Monday. Post opening the session at $131.76, the shares hit an intraday low of $131.1174 and an intraday high of $132.29 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 $2.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $2.17. The company had revenue of $442.47 million for the quarter, compared to analysts expectations of $424.00 million. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS.
Investors should note that on Nov 10, 2016, RenaissanceRe Holdings Ltd. announced a cash dividend of $0.3100. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Dec 30, 2016.
Many Wall Street Analysts have commented on RenaissanceRe Holdings Ltd.. RenaissanceRe Holdings Ltd. was Upgraded by Goldman to ” Neutral” on Nov 15, 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.