Are Analysts Bullish about RenaissanceRe Holdings Ltd. (NYSE:RNR) after last week?

November 10, 2018 - By Kristen Paramore

Investors sentiment increased to 1.18 in Q2 2018. Its up 0.28, from 0.9 in 2018Q1. It improved, as 26 investors sold RenaissanceRe Holdings Ltd. shares while 77 reduced holdings. 36 funds opened positions while 86 raised stakes. 37.03 million shares or 1.73% less from 37.68 million shares in 2018Q1 were reported.
Deutsche State Bank Ag reported 0.02% in RenaissanceRe Holdings Ltd. (NYSE:RNR). D E Shaw Incorporated stated it has 8,404 shares. 22,000 are held by New Vernon Investment Limited. Bluemountain Mngmt Lc has 0% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 1,274 shares. Shell Asset Mgmt Communications has invested 0.02% in RenaissanceRe Holdings Ltd. (NYSE:RNR). State Board Of Administration Of Florida Retirement Sys accumulated 59,056 shares or 0.02% of the stock. Fmr Lc stated it has 2.06 million shares or 0.03% of all its holdings. Nelson Van Denburg And Campbell Wealth Management Grp Inc Inc Ltd Liability Corporation stated it has 0.13% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). Bnp Paribas Asset Mngmt Hldg holds 0.05% or 46,638 shares. Pnc Financial Serv Group Inc Incorporated holds 2,043 shares or 0% of its portfolio. Bbva Compass Natl Bank holds 0.04% or 5,793 shares in its portfolio. Cap Invsts holds 0.05% in RenaissanceRe Holdings Ltd. (NYSE:RNR) or 2.04M shares. Tower Limited Liability Corp (Trc) holds 0.02% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 2,407 shares. Barclays Public Ltd Co, United Kingdom-based fund reported 32,445 shares. Balyasny Asset Limited Liability Company has invested 0.31% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR).

Since May 29, 2018, it had 0 insider purchases, and 1 insider sale for $289,853 activity.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Coverage

Among 5 analysts covering RenaissanceRe Holdings (NYSE:RNR), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. RenaissanceRe Holdings had 9 analyst reports since June 18, 2018 according to SRatingsIntel. The rating was upgraded by Deutsche Bank to “Buy” on Wednesday, November 7. Wells Fargo maintained RenaissanceRe Holdings Ltd. (NYSE:RNR) rating on Thursday, November 1. Wells Fargo has “Market Perform” rating and $125 target. The stock has “Buy” rating by Citigroup on Monday, October 22. Citigroup maintained RenaissanceRe Holdings Ltd. (NYSE:RNR) on Thursday, July 12 with “Buy” rating. Citigroup downgraded the shares of RNR in report on Thursday, November 8 to “Neutral” rating. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) earned “Buy” rating by Citigroup on Thursday, August 2. Citigroup maintained the stock with “Buy” rating in Friday, October 12 report. The rating was maintained by Buckingham Research on Wednesday, October 3 with “Buy”. Below is a list of RenaissanceRe Holdings Ltd. (NYSE:RNR) latest ratings and price target changes.

08/11/2018 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
07/11/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Upgrade
01/11/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $130 New Target: $125 Maintain
22/10/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $161 New Target: $153 Maintain
12/10/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $151 New Target: $161 Maintain
03/10/2018 Broker: Buckingham Research Old Rating: Buy New Rating: Buy Old Target: $145 New Target: $160 Maintain
02/08/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $144 New Target: $151 Maintain
12/07/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $149 New Target: $144 Maintain
18/06/2018 Broker: Goldman Sachs Rating: Neutral New Target: $131 Initiates Coverage On

The stock decreased 0.29% or $0.36 during the last trading session, reaching $124.92. About 199,037 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has declined 6.58% since November 10, 2017 and is downtrending. It has underperformed by 22.20% the S&P500.

RenaissanceRe Holdings Ltd. together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. The company has market cap of $5.03 billion. The firm operates through Property, and Casualty and Specialty divisions. It currently has negative earnings. The Property segment writes property catastrophe excess of loss reinsurance contracts to insure insurance and reinsurance companies against natural and man-made catastrophes, such as earthquakes, hurricanes, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, including proportional reinsurance, property per risk, property reinsurance, and binding facilities and regional U.S. multi-line reinsurance.

More news for RenaissanceRe Holdings Ltd. (NYSE:RNR) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For November 7, 2018” on November 07, 2018. Seekingalpha.com‘s article titled: “RenaissanceRe Holdings to buy Tokio Millennium Re in $1.5B deal” and published on October 30, 2018 is yet another important article.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Chart

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