Foundations Investment Advisors LLC Has $244,000 Holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Foundations Investment Advisors LLC grew its position in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 29.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 981 shares of the insurance provider’s stock after acquiring an additional 222 shares during the period. Foundations Investment Advisors LLC’s holdings in RenaissanceRe were worth $244,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Algert Global LLC acquired a new stake in RenaissanceRe in the second quarter valued at approximately $1,186,000. Rockefeller Capital Management L.P. bought a new position in shares of RenaissanceRe during the 3rd quarter valued at $3,684,000. Fisher Asset Management LLC lifted its stake in shares of RenaissanceRe by 12.3% in the 3rd quarter. Fisher Asset Management LLC now owns 80,773 shares of the insurance provider’s stock valued at $22,003,000 after purchasing an additional 8,844 shares during the last quarter. Geode Capital Management LLC boosted its holdings in RenaissanceRe by 2.9% in the third quarter. Geode Capital Management LLC now owns 920,814 shares of the insurance provider’s stock worth $250,892,000 after purchasing an additional 25,773 shares in the last quarter. Finally, Citigroup Inc. increased its position in RenaissanceRe by 367.4% during the third quarter. Citigroup Inc. now owns 30,476 shares of the insurance provider’s stock worth $8,302,000 after buying an additional 23,956 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

Insider Activity

In other news, EVP David E. Marra sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $254.16, for a total value of $254,160.00. Following the sale, the executive vice president now directly owns 79,392 shares in the company, valued at approximately $20,178,270.72. This represents a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RNR. Keefe, Bruyette & Woods boosted their price target on RenaissanceRe from $310.00 to $318.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. StockNews.com cut RenaissanceRe from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group reissued a “hold” rating and issued a $282.00 price target (down previously from $304.00) on shares of RenaissanceRe in a research report on Wednesday, December 18th. Barclays downgraded shares of RenaissanceRe from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $284.00 to $234.00 in a report on Monday, January 6th. Finally, Morgan Stanley dropped their target price on shares of RenaissanceRe from $265.00 to $245.00 and set an “equal weight” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $283.45.

RenaissanceRe Stock Down 2.5 %

Shares of RNR opened at $232.52 on Friday. RenaissanceRe Holdings Ltd. has a 52 week low of $208.98 and a 52 week high of $300.00. The firm has a market capitalization of $12.08 billion, a P/E ratio of 6.64, a P/E/G ratio of 1.75 and a beta of 0.44. The company has a 50-day simple moving average of $259.85 and a 200-day simple moving average of $257.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.43 and a current ratio of 1.43.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings data on Tuesday, January 28th. The insurance provider reported $8.06 EPS for the quarter, topping analysts’ consensus estimates of $6.94 by $1.12. RenaissanceRe had a return on equity of 23.51% and a net margin of 15.99%. On average, equities research analysts expect that RenaissanceRe Holdings Ltd. will post 34.22 earnings per share for the current year.

RenaissanceRe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, December 13th. RenaissanceRe’s dividend payout ratio (DPR) is presently 4.45%.

RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S.