Estabrook Capital Management Lowered Its Position in Renaissancere Hldgs LTD Ord (RNR) by $28.70 Million as Shares Rose

Investors sentiment increased to 1.17 in 2019 Q1. Its up 0.33, from 0.84 in 2018Q4. It improved, as 18 investors sold RNR shares while 82 reduced holdings. 25 funds opened positions while 92 raised stakes. 40.99 million shares or 0.38% less from 41.14 million shares in 2018Q4 were reported. Zeke Cap Advisors Lc owns 5,606 shares. Stevens Cap Mgmt Ltd Partnership reported 10,649 shares. Tdam Usa Inc, Ontario – Canada-based fund reported 2,710 shares. Mutual Of America Capital Mngmt Ltd holds 0.08% or 37,469 shares in its portfolio. Jennison Ltd reported 26,298 shares stake. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% in RenaissanceRe Holdings Ltd. (NYSE:RNR) or 8,589 shares. Middleton Ma holds 1.51% in RenaissanceRe Holdings Ltd. (NYSE:RNR) or 65,599 shares. Texas Permanent School Fund invested in 0.07% or 28,658 shares. 87,897 were reported by Proshare Advsr. Cap World Invsts accumulated 1.67M shares. Asset Mngmt One, a Japan-based fund reported 21,124 shares. Dupont Management holds 3,212 shares. Bessemer Grp Inc reported 3,295 shares. 186,614 were reported by Principal Fincl Gp Incorporated. Asset Inc reported 2,730 shares.

Estabrook Capital Management decreased its stake in Renaissancere Hldgs Ltd Ord (RNR) by 1.25% based on its latest 2019Q1 regulatory filing with the SEC. Estabrook Capital Management sold 200 shares as the company’s stock rose 16.11% . The institutional investor held 15,863 shares of the property-casualty insurers company at the end of 2019Q1, valued at $2.28 billion, down from 16,063 at the end of the previous reported quarter. Estabrook Capital Management who had been investing in Renaissancere Hldgs Ltd Ord for a number of months, seems to be less bullish one the $8.38 billion market cap company. The stock increased 0.60% or $1.14 during the last trading session, reaching $189.72. About 190,574 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 37.18% since September 11, 2018 and is uptrending. It has outperformed by 37.18% the S&P500.

Estabrook Capital Management, which manages about $1.18B and $603.39 billion US Long portfolio, upped its stake in Patriot Transportation Holding by 1,300 shares to 89,061 shares, valued at $1.67B in 2019Q1, according to the filing. It also increased its holding in Nike Inc Class B (NYSE:NKE) by 483 shares in the quarter, for a total of 47,310 shares, and has risen its stake in Chevron Corporation (NYSE:CVX).

Analysts await RenaissanceRe Holdings Ltd. (NYSE:RNR) to report earnings on October, 29. They expect $2.70 earnings per share, up 419.23 % or $2.18 from last year’s $0.52 per share. RNR’s profit will be $119.23 million for 17.57 P/E if the $2.70 EPS becomes a reality. After $4.78 actual earnings per share reported by RenaissanceRe Holdings Ltd. for the previous quarter, Wall Street now forecasts -43.51 % negative EPS growth.

More notable recent RenaissanceRe Holdings Ltd. (NYSE:RNR) news were published by: Businesswire.com which released: “RenaissanceRe Holdings Ltd. Announces Quarterly Dividend – Business Wire” on July 30, 2019, also Seekingalpha.com with their article: “RenaissanceRe Holdings: This 5.75% Preferred Stock Has Begun Trading On The NYSE – Seeking Alpha” published on June 23, 2018, Businesswire.com published: “RenaissanceRe Celebrates 25th Anniversary – Business Wire” on June 14, 2018. More interesting news about RenaissanceRe Holdings Ltd. (NYSE:RNR) were released by: Seekingalpha.com and their article: “RenaissanceRe jumps 5% after shareholder urges company’s sale – Seeking Alpha” published on October 02, 2018 as well as Benzinga.com‘s news article titled: “Stocks That Hit 52-Week Highs On Thursday – Benzinga” with publication date: September 05, 2019.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Coverage

Among 5 analysts covering RenaissanceRe Holdings (NYSE:RNR), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. RenaissanceRe Holdings has $19300 highest and $130 lowest target. $175.50’s average target is -7.50% below currents $189.72 stock price. RenaissanceRe Holdings had 12 analyst reports since March 20, 2019 according to SRatingsIntel. UBS maintained the shares of RNR in report on Tuesday, April 9 with “Neutral” rating. The firm has “Underweight” rating given on Monday, April 1 by Barclays Capital. The company was maintained on Monday, July 1 by Barclays Capital. The stock has “Market Perform” rating by Wells Fargo on Thursday, July 11. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has “Buy” rating given on Thursday, May 16 by Deutsche Bank. JP Morgan maintained the stock with “Neutral” rating in Wednesday, July 24 report. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has “Equal-Weight” rating given on Wednesday, August 7 by Morgan Stanley.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Chart

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