Moon Capital Management Lowers stake in RenaissanceRe Holdings Ltd. (RNR)

RenaissanceRe Holdings Ltd. (RNR) : Moon Capital Management reduced its stake in RenaissanceRe Holdings Ltd. by 0.7% during the most recent quarter end. The investment management company now holds a total of 38,524 shares of RenaissanceRe Holdings Ltd. which is valued at $4,502,685 after selling 272 shares in RenaissanceRe Holdings Ltd. , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.RenaissanceRe Holdings Ltd. makes up approximately 5.68% of Moon Capital Management’s portfolio.

RenaissanceRe Holdings Ltd. opened for trading at $117.03 and hit $117.295 on the upside on Monday, eventually ending the session at $117.15, with a gain of 0.23% or 0.27 points. The heightened volatility saw the trading volume jump to 1,92,490 shares. Company has a market cap of $5,054 M.

Other Hedge Funds, Including , Santa Fe Partners sold out all of its stake in RNR during the most recent quarter. The investment firm sold 2,436 shares of RNR which is valued $284,720. Daiwa Sb Investments Ltd. added RNR to its portfolio by purchasing 1,490 company shares during the most recent quarter which is valued at $174,151. RenaissanceRe Holdings Ltd. makes up approx 0.04% of Daiwa Sb Investments Ltd.’s portfolio.State Of Alaska Department Of Revenue boosted its stake in RNR in the latest quarter, The investment management firm added 4,149 additional shares and now holds a total of 6,516 shares of RenaissanceRe Holdings Ltd. which is valued at $761,590. RenaissanceRe Holdings Ltd. makes up approx 0.08% of State Of Alaska Department Of Revenue’s portfolio.Capstone Asset Management Co boosted its stake in RNR in the latest quarter, The investment management firm added 1,405 additional shares and now holds a total of 6,092 shares of RenaissanceRe Holdings Ltd. which is valued at $712,033. RenaissanceRe Holdings Ltd. makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, RenaissanceRe Holdings Ltd. reported $3.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.33 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $2.74. The company had revenue of $377.38 million for the quarter, compared to analysts expectations of $395.13 million. The company’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.62 EPS.

Many Wall Street Analysts have commented on RenaissanceRe Holdings Ltd.. Company shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 117 from a previous price target of $113 .

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Company’s 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.

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