Van Lanschot Kempen Investment Management N.V. Has $54.48 Million Stake in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Van Lanschot Kempen Investment Management N.V. lowered its position in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 9.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 218,949 shares of the insurance provider’s stock after selling 22,635 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in RenaissanceRe were worth $54,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of RenaissanceRe during the 4th quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new stake in RenaissanceRe in the 4th quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its position in RenaissanceRe by 51.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 121 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 41 shares during the period. Jones Financial Companies Lllp grew its holdings in RenaissanceRe by 1,587.5% during the fourth quarter. Jones Financial Companies Lllp now owns 135 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 127 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of RenaissanceRe by 71.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 156 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 65 shares during the period. Institutional investors own 99.97% of the company’s stock.

RenaissanceRe Price Performance

Shares of RNR stock opened at $241.09 on Monday. The stock has a 50 day moving average of $237.23 and a two-hundred day moving average of $253.17. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $11.81 billion, a P/E ratio of 6.88, a P/E/G ratio of 2.09 and a beta of 0.29. RenaissanceRe Holdings Ltd. has a 12 month low of $208.98 and a 12 month high of $300.00.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings results 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 net margin of 15.99% and a return on equity of 23.41%. As a group, equities analysts expect that RenaissanceRe Holdings Ltd. will post 26.04 EPS for the current year.

RenaissanceRe Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.40 per share. This is a boost from RenaissanceRe’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.66%. RenaissanceRe’s dividend payout ratio (DPR) is currently 4.57%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of RenaissanceRe from $277.00 to $271.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. JMP Securities restated a “market perform” rating on shares of RenaissanceRe in a report on Thursday, January 30th. Jefferies Financial Group lowered their price target on RenaissanceRe from $266.00 to $265.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Barclays cut their price objective on RenaissanceRe from $234.00 to $231.00 and set an “underweight” rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their target price on RenaissanceRe from $318.00 to $294.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $280.80.

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.