RenaissanceRe Holdings Ltd. (RNR) : Rbf Capital reduced its stake in RenaissanceRe Holdings Ltd. by 38.57% during the most recent quarter end. The investment management company now holds a total of 20,708 shares of RenaissanceRe Holdings Ltd. which is valued at $2,431,326 after selling 13,000 shares in RenaissanceRe Holdings Ltd. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.RenaissanceRe Holdings Ltd. makes up approximately 0.45% of Rbf Capital’s portfolio.
Other Hedge Funds, Including , Kingdon Capital Management L.l.c. added RNR to its portfolio by purchasing 126,100 company shares during the most recent quarter which is valued at $14,805,401. RenaissanceRe Holdings Ltd. makes up approx 1.13% of Kingdon Capital Management L.l.c.’s portfolio.Proshare Advisors boosted its stake in RNR in the latest quarter, The investment management firm added 11,724 additional shares and now holds a total of 27,734 shares of RenaissanceRe Holdings Ltd. which is valued at $3,256,249. RenaissanceRe Holdings Ltd. makes up approx 0.04% of Proshare Advisors’s portfolio.Rhumbline Advisers boosted its stake in RNR in the latest quarter, The investment management firm added 643 additional shares and now holds a total of 69,798 shares of RenaissanceRe Holdings Ltd. which is valued at $8,194,983. RenaissanceRe Holdings Ltd. makes up approx 0.02% of Rhumbline Advisers’s portfolio.Diam Ltd. reduced its stake in RNR by selling 332 shares or 6.89% in the most recent quarter. The Hedge Fund company now holds 4,489 shares of RNR which is valued at $527,682. RenaissanceRe Holdings Ltd. makes up approx 0.01% of Diam Ltd.’s portfolio.
RenaissanceRe Holdings Ltd. opened for trading at $120.76 and hit $121.67 on the upside on Wednesday, eventually ending the session at $121.67, with a gain of 0.55% or 0.66 points. The heightened volatility saw the trading volume jump to 274,620 shares. Company has a market cap of $5,014 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.