Carolina Wealth Advisors LLC Has $696,000 Stock Holdings in RenaissanceRe Holdings Ltd. (NYSE:RNR)

Carolina Wealth Advisors LLC grew its position in RenaissanceRe Holdings Ltd. (NYSE:RNR) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,797 shares of the insurance provider’s stock after buying an additional 75 shares during the period. Carolina Wealth Advisors LLC’s holdings in RenaissanceRe were worth $696,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC increased its holdings in shares of RenaissanceRe by 29.5% in the third 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 in the last quarter. EverSource Wealth Advisors LLC increased its stake in RenaissanceRe by 19.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 272 shares of the insurance provider’s stock worth $63,000 after purchasing an additional 45 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in RenaissanceRe by 4.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,073 shares of the insurance provider’s stock worth $292,000 after buying an additional 47 shares during the period. CIBC Asset Management Inc lifted its stake in RenaissanceRe by 3.6% in the third quarter. CIBC Asset Management Inc now owns 1,530 shares of the insurance provider’s stock valued at $417,000 after buying an additional 53 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in RenaissanceRe by 23.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 342 shares of the insurance provider’s stock valued at $76,000 after buying an additional 64 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Insider Buying and Selling at RenaissanceRe

In other 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 transaction, the executive vice president now owns 79,392 shares of the company’s stock, valued at approximately $20,178,270.72. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RNR shares. Bank of America increased their price objective on shares of RenaissanceRe from $364.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on shares of RenaissanceRe from $310.00 to $318.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays lowered shares of RenaissanceRe from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $284.00 to $234.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price objective 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, Wells Fargo & Company lowered their target price on RenaissanceRe from $301.00 to $288.00 and set an “overweight” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $284.00.

RenaissanceRe Price Performance

NYSE:RNR opened at $255.90 on Thursday. RenaissanceRe Holdings Ltd. has a 12-month low of $203.35 and a 12-month high of $300.00. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 3.69, a P/E/G ratio of 1.79 and a beta of 0.44. The stock’s 50 day moving average price is $262.72 and its two-hundred day moving average price is $254.55. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.18.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $10.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.89 by $2.34. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.35 billion. RenaissanceRe had a return on equity of 26.31% and a net margin of 28.84%. The company’s quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter last year, the firm posted $8.33 EPS. On average, analysts anticipate that RenaissanceRe Holdings Ltd. will post 42.29 earnings per share for the current year.

RenaissanceRe Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 0.61%. RenaissanceRe’s dividend payout ratio (DPR) is currently 2.25%.

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.