Renaissancere Hldgs Ltd Ord (NYSE:RNR) Shareholder Estabrook Capital Management Trimmed Its Position by $20.78 Million as Price Rose

May 16, 2018 - By Patrick Harkless

During Q4 2017 the big money sentiment decreased to 0.73. That’s change of 0.17, from 2017Q3’s 0.9. 47 investors sold all, 100 reduced holdings as RNR ratio dropped. 70 grew stakes while 38 funds took stakes. Funds hold 37.13 million shares thus 1.17% more from 2017Q3’s 36.70 million shares. Sg Americas Ltd Liability Corporation holds 0.01% of its capital in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 8,456 shs. 4,993 are held by Utd Service Automobile Association. Guggenheim Limited Liability Corporation stated it has 0% of its capital in RenaissanceRe Holdings Ltd. (NYSE:RNR). Neuberger Berman Gp Limited Liability Company reported 78,665 shs. Moreover, First Citizens State Bank Communications has 0.04% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 2,241 shs. Peak6 Invests Lp reported 1,350 shs. Verition Fund Lc accumulated 5,020 shs. Old Mutual Customised Solutions (Proprietary) holds 0.02% or 1,600 shs. Arga Mngmt L P holds 111,351 shs or 1.56% of its capital. Deutsche Bank Ag reported 74,299 shs or 0.01% of all its holdings. First Republic Mngmt stated it has 4,831 shs. Veritable Ltd Partnership invested 0% of its capital in RenaissanceRe Holdings Ltd. (NYSE:RNR). British Columbia Inv Mgmt Corporation holds 0.02% or 22,339 shs. State Bank Of Mellon Corporation has invested 0.02% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Moreover, Shell Asset Mgmt has 0.03% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR).

Estabrook Capital Management’s stake in Renaissancere Hldgs Ltd Ord (NYSE:RNR) is reduced by 0.73% based on its latest 2018Q1 regulatory filing with the SEC. 150 shares were sold by Estabrook Capital Management as the company’s stock rose 6.47% while stock markets declined. The property-casualty insurers company at the end of 2018Q1 was valued at $2.83 billion. It’s down from 20,584 at the end of the previous reported quarter. Now it had 20,434 shares held by the institutional investor . $5.19B is the market cap of Renaissancere Hldgs Ltd Ord. RNR touched $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 by 18.98% the S&P500.

According to a filing the Estabrook Capital Management’s stake in United Technologies Corp. (NYSE:UTX) was increased by 1,045 shares to 17,754 shares valued at $2.23B in 2018Q1. It manages about $1.18B and $638.10B US Long portfolio. For a total of 504 shares it increased its holding in Alphabet Class C () by 325 shares in the quarter, and has risen its stake in Aflac Inc (NYSE:AFL).

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

A total of 4 analysts rate Renaissancere Holdings Ltd (NYSE:RNR) as follows: 1 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 25% are bullish. (NYSE:RNR) has 7 ratings reports on May 16, 2018 according to StockzIntelligence. On Thursday, February 1 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Friday, May 4 the firm has “Buy” rating by Citigroup given. On Tuesday, January 9 the rating was maintained by Wells Fargo with “Hold”. On Friday, February 9 the stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) earned “Buy” rating by Citigroup. On Tuesday, April 10 Citigroup maintained RenaissanceRe Holdings Ltd. (NYSE:RNR) rating. Citigroup has “Buy” rating and $161 target. On Monday, December 4 the company was maintained by Keefe Bruyette & Woods.

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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