ORG Wealth Partners LLC Buys 141 Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR)

ORG Wealth Partners LLC raised its stake in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 129.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250 shares of the insurance provider’s stock after purchasing an additional 141 shares during the quarter. ORG Wealth Partners LLC’s holdings in RenaissanceRe were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of RenaissanceRe by 316.7% in the 3rd quarter. UMB Bank n.a. now owns 125 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 95 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of RenaissanceRe in the 3rd quarter worth approximately $45,000. V Square Quantitative Management LLC lifted its holdings in shares of RenaissanceRe by 29.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 180 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 41 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of RenaissanceRe by 668.8% in the 3rd quarter. LRI Investments LLC now owns 246 shares of the insurance provider’s stock worth $63,000 after acquiring an additional 214 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of RenaissanceRe by 19.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 272 shares of the insurance provider’s stock worth $63,000 after acquiring an additional 45 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

RenaissanceRe Stock Down 1.3 %

Shares of RenaissanceRe stock opened at $250.01 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $264.06 and its two-hundred day simple moving average is $253.61. The company has a market cap of $12.99 billion, a P/E ratio of 3.60, a PEG ratio of 1.31 and a beta of 0.44. RenaissanceRe Holdings Ltd. has a 12-month low of $199.73 and a 12-month high of $300.00.

RenaissanceRe (NYSE:RNR) last released its earnings results on Wednesday, November 6th. The insurance provider reported $10.23 earnings per share for the quarter, topping analysts’ consensus estimates of $7.89 by $2.34. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.35 billion. RenaissanceRe had a net margin of 28.84% and a return on equity of 26.31%. The company’s revenue was up 52.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.33 EPS. Research analysts anticipate that RenaissanceRe Holdings Ltd. will post 41.94 EPS for the current year.

RenaissanceRe Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, December 13th. RenaissanceRe’s payout ratio is 2.25%.

Analyst Upgrades and Downgrades

RNR has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of RenaissanceRe from $280.00 to $314.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. StockNews.com downgraded shares of RenaissanceRe from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $282.00 target price (down from $304.00) on shares of RenaissanceRe in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lifted their target price on shares of RenaissanceRe from $280.00 to $284.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Barclays downgraded shares of RenaissanceRe from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $284.00 to $234.00 in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, RenaissanceRe has a consensus rating of “Hold” and an average price target of $286.36.

RenaissanceRe 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.