Wilmington Savings Fund Society FSB Has $349,000 Holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Wilmington Savings Fund Society FSB trimmed its holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,403 shares of the insurance provider’s stock after selling 85 shares during the period. Wilmington Savings Fund Society FSB’s holdings in RenaissanceRe were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in RNR. Sanctuary Advisors LLC bought a new position in RenaissanceRe during the 2nd quarter worth $229,000. UMB Bank n.a. grew its holdings in shares of RenaissanceRe by 316.7% during the 3rd quarter. UMB Bank n.a. now owns 125 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 95 shares in the last quarter. Carnegie Investment Counsel bought a new position in shares of RenaissanceRe in the third quarter worth $218,000. ORG Wealth Partners LLC acquired a new position in RenaissanceRe in the third quarter valued at about $30,000. Finally, Creative Planning raised its stake in RenaissanceRe by 71.8% in the third quarter. Creative Planning now owns 2,383 shares of the insurance provider’s stock valued at $649,000 after purchasing an additional 996 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

RenaissanceRe Trading Up 0.5 %

Shares of RNR stock opened at $235.19 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $12.22 billion, a P/E ratio of 6.72, a P/E/G ratio of 1.91 and a beta of 0.43. RenaissanceRe Holdings Ltd. has a twelve month low of $208.98 and a twelve month high of $300.00. The stock’s fifty day simple moving average is $252.96 and its 200 day simple moving average is $258.10.

RenaissanceRe (NYSE:RNR) last released its quarterly earnings data on Tuesday, January 28th. The insurance provider reported $8.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.94 by $1.12. RenaissanceRe had a return on equity of 23.41% and a net margin of 15.99%. As a group, sell-side analysts predict that RenaissanceRe Holdings Ltd. will post 29.92 EPS for the current fiscal year.

RenaissanceRe Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.40 dividend. This is a boost from RenaissanceRe’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, March 14th. RenaissanceRe’s dividend payout ratio is 4.45%.

Insider Activity

In related 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 $20,178,270.72. This represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JMP Securities reissued a “market perform” rating on shares of RenaissanceRe in a report on Thursday, January 30th. Morgan Stanley lowered their price objective on shares of RenaissanceRe from $265.00 to $245.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. StockNews.com downgraded RenaissanceRe from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on RenaissanceRe from $280.00 to $284.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reduced their price objective on RenaissanceRe from $318.00 to $294.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, RenaissanceRe has a consensus rating of “Hold” and a consensus target price of $279.90.

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.