阿拉巴馬州退休系統公司減少RenaissavieRe控股有限公司(紐約證券交易所代碼：RNR)的股票頭寸

Retirement Systems of Alabama reduced its position in RenaissanceRe Holdings Ltd. (NYSE:RNR – Get Rating) by 4.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,709 shares of the insurance provider's stock after selling 2,554 shares during the quarter. Retirement Systems of Alabama's holdings in RenaissanceRe were worth $9,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. increased its position in RenaissanceRe by 41.8% in the first quarter. Koshinski Asset Management Inc. now owns 312 shares of the insurance provider's stock worth $49,000 after buying an additional 92 shares during the last quarter. Gateway Investment Advisers LLC increased its position in RenaissanceRe by 0.9% in the first quarter. Gateway Investment Advisers LLC now owns 34,365 shares of the insurance provider's stock worth $5,447,000 after buying an additional 322 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in RenaissanceRe in the first quarter worth $325,000. JustInvest LLC increased its position in RenaissanceRe by 39.0% in the fourth quarter. JustInvest LLC now owns 5,846 shares of the insurance provider's stock worth $990,000 after buying an additional 1,640 shares during the last quarter. Finally, Southeastern Asset Management Inc. TN increased its position in RenaissanceRe by 16.9% in the fourth quarter. Southeastern Asset Management Inc. TN now owns 1,062,630 shares of the insurance provider's stock worth $179,935,000 after buying an additional 153,677 shares during the last quarter. 98.18% of the stock is owned by institutional investors and hedge funds.

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RenaissanceRe stock opened at $157.07 on Tuesday. RenaissanceRe Holdings Ltd. has a 52 week low of $134.70 and a 52 week high of $174.54. The business has a 50-day simple moving average of $150.52 and a 200 day simple moving average of $154.58. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of -32.39 and a beta of 0.53.

RenaissanceRe (NYSE:RNR – Get Rating) last posted its earnings results on Tuesday, May 3rd. The insurance provider reported $3.50 EPS for the quarter, missing the consensus estimate of $4.63 by ($1.13). RenaissanceRe had a positive return on equity of 4.25% and a negative net margin of 2.68%. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the firm earned $0.09 earnings per share. RenaissanceRe's quarterly revenue was up 18.7% compared to the same quarter last year. On average, research analysts anticipate that RenaissanceRe Holdings Ltd. will post 15.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, June 14th. RenaissanceRe's payout ratio is -30.52%.

In related news, Director David C. Bushnell sold 600 shares of the business's stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $148.41, for a total transaction of $89,046.00. Following the completion of the transaction, the director now directly owns 19,914 shares in the company, valued at $2,955,436.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is owned by insiders.

RNR has been the subject of a number of recent research reports. TheStreet downgraded RenaissanceRe from a "b-" rating to a "c" rating in a research report on Thursday, March 10th. StockNews.com initiated coverage on RenaissanceRe in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Finally, Morgan Stanley reduced their price target on RenaissanceRe from $175.00 to $162.00 and set an "equal weight" rating for the company in a research report on Monday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, RenaissanceRe presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.67.

RenaissanceRe Profile (Get Rating)

RenaissanceRe Holdings Ltd. 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 retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, 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, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S.

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