Are Analysts Bearish RenaissanceRe Holdings Ltd. (NYSE:RNR) After Last Week?

November 10, 2018 - By Richard Conner

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.
Lsv Asset Mngmt has 0% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 23,500 shares. Victory Mngmt holds 0.18% or 712,170 shares in its portfolio. Dekabank Deutsche Girozentrale accumulated 2,059 shares. Middleton And Ma invested 1.33% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). Baldwin Brothers Incorporated Ma reported 210 shares or 0% of all its holdings. Federated Invsts Pa owns 0.01% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 16,505 shares. Commonwealth Of Pennsylvania School Empls Retrmt reported 0.02% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). Reilly Fincl Advsrs Ltd accumulated 82 shares. Impax Asset Mgmt Limited Liability Co reported 0.62% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). Liberty Mutual Asset Management Inc holds 0.02% or 8,014 shares. Beck Mack And Oliver Ltd Company reported 7,035 shares. Moreover, Magnetar Financial Ltd Liability Company has 0.01% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR). 4,806 are owned by Parallax Volatility Advisers Lp. The Connecticut-based Prospector Prns Lc has invested 2.93% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Commonwealth Financial Bank Of Australia reported 0.01% in RenaissanceRe Holdings Ltd. (NYSE:RNR).

Since May 29, 2018, it had 0 buys, and 1 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 stock has “Buy” rating by Deutsche Bank on Wednesday, November 7. Wells Fargo maintained the stock with “Market Perform” rating in Thursday, November 1 report. The firm has “Buy” rating given on Thursday, July 12 by Citigroup. The company was maintained on Thursday, August 2 by Citigroup. The rating was maintained by Buckingham Research on Wednesday, October 3 with “Buy”. The firm has “Buy” rating given on Friday, October 12 by Citigroup. The stock has “Neutral” rating by Citigroup on Thursday, November 8. Citigroup maintained RenaissanceRe Holdings Ltd. (NYSE:RNR) rating on Monday, October 22. Citigroup has “Buy” rating and $153 target. 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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