Renaissancere Hldgs Ltd Ord (NYSE:RNR) Shareholder Estabrook Capital Management Lowered Its Position as Price Rose

May 16, 2018 - By Nicole Mills

Big Money Sentiment decreased to 0.73 in Q4 2017. It has change of 0.17, from 2017Q3’s 0.9. The ratio is negative due to RNR positioning: 47 sold and 100 reduced. 38 funds amassed positions and 70 increased positions. Investors holded 36.70 million in 2017Q3 but now own 37.13 million shares or 1.17% more. Robeco Institutional Asset Bv has invested 0.04% of its capital in RenaissanceRe Holdings Ltd. (NYSE:RNR). Peak6 Invests Ltd Partnership has 1,350 shs for 0% of their capital. Panagora Asset Inc has 5,369 shs. Nomura Asset Mngmt invested in 0.02% or 15,370 shs. Arga Investment Mngmt Limited Partnership reported 111,351 shs. First Republic Investment Mgmt Inc accumulated 0% or 4,831 shs. owns 87,876 shs. Nwq Invest Mgmt Ltd Liability Com holds 0.69% or 423,142 shs. Invesco Ltd reported 181,436 shs or 0.01% of all its holdings. Fmr Ltd Llc has 2.07 million shs. Moreover, Lenox Wealth Advsr has 0% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR). Shine Investment Advisory Inc stated it has 193 shs or 0.01% of all its holdings. Nikko Asset Mngmt Americas invested 0% of its capital in RenaissanceRe Holdings Ltd. (NYSE:RNR). Moreover, Dimensional Fund Advsrs L P has 0.06% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR). Kempen Cap Mngmt Nv accumulated 18,997 shs or 0.19% of the stock.

Estabrook Capital Management decreased its holdings by 0.73% in Renaissancere Hldgs Ltd Ord (NYSE:RNR), according to 2018Q1 Securities and Exchange filling. By selling 150 shares Estabrook Capital Management made the stock Popped Up with 6.47%. The institutional investor is holding 20,434 shares, compared to the 20,584 from the previous quarter. And the announced value of the property-casualty insurers company is $2.83B for the 2018Q1. $5.19 billion is the MC of Renaissancere Hldgs Ltd Ord. RNR reached $128.83 during the last trading session after $0.72 change.RenaissanceRe Holdings Ltd. has volume of 57,878 shares. Since May 16, 2017 RNR has declined 7.43% and is downtrending. RNR underperformed the S&P500 by 18.98%.

According to a filing the Estabrook Capital Management’s stake in Alphabet Class A () was increased by 3,170 shares to 3,679 shares valued at $3.82 billion in 2018Q1. It operates about $1.18 billion and $638.10B US Long portfolio. For a total of 42,408 shares it increased its holding in Baker Hughes A Ge Co Cl A () by 2,430 shares in the quarter, and has risen its stake in Time Warner Inc Com (NYSE:TWX).

Estabrook Capital Management is a New York-based institutional investor with more than $1.18 billion AUM in October, 2014. Taken from Estabrook Capital latest Adv, the fund reported to have 19 full and part-time employees. Among which 9 performing investment advisory and research functions. The institutional investor had more than 1914 clients.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Coverage

In total 4 analysts cover Renaissancere Holdings Ltd (NYSE:RNR). “Buy” rating has 1, “Sell” are 0, while 3 are “Hold”. 25% are bullish. 7 are the (NYSE:RNR)’s analyst reports since December 4, 2017 according to StockzIntelligence Inc. The stock rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, December 4. In Tuesday, April 10 report Citigroup maintained the stock with “Buy” rating. On Thursday, February 1 the stock has “Hold” rating by Keefe Bruyette & Woods. On Tuesday, January 9 the rating was maintained by Wells Fargo with “Hold”. On Friday, May 4 Citigroup maintained the shares of RNR in report with “Buy” rating. On Friday, February 9 the company was maintained by Citigroup.

RenaissanceRe Holdings Ltd. together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally.The firm is worth $5.19 billion. The firm operates through Property, and Casualty and Specialty divisions.Last it reported 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.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Analyst Ratings Chart

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