Timessquare Capital Management LLC Decreased Its Renaissancere Holdings Lt (RNR) Stake by $17.11 Million

Investors sentiment increased to 1.17 in Q1 2019. Its up 0.33, from 0.84 in 2018Q4. It increased, as 18 investors sold RNR shares while 82 reduced holdings. 25 funds opened positions while 92 raised stakes. 40.99 million shares or 0.38% less from 41.14 million shares in 2018Q4 were reported. Morgan Stanley owns 39,265 shares. Ohio-based Victory Cap Mgmt Incorporated has invested 0.29% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Amp Capital Invsts reported 25,801 shares. Whittier Com Of Nevada has invested 0% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Middleton Communication Incorporated Ma stated it has 65,599 shares or 1.51% of all its holdings. Stifel Fincl owns 10,770 shares. Lsv Asset Mngmt reported 31,431 shares. Archford Strategies Ltd Llc stated it has 27 shares. Caxton Associates Lp owns 40,000 shares for 0.83% of their portfolio. Commerce Bancorp accumulated 1,694 shares or 0% of the stock. Cap Returns Mngmt Ltd Liability reported 0.24% stake. Moreover, Commercial Bank Of America De has 0.01% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 261,531 shares. Ubs Asset Management Americas owns 186,588 shares. Martingale Asset Mngmt Lp owns 0.45% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 291,227 shares. Ohio-based Diamond Hill Cap Mngmt has invested 0.33% in RenaissanceRe Holdings Ltd. (NYSE:RNR).

Timessquare Capital Management Llc decreased its stake in Renaissancere Holdings Lt (RNR) by 10.65% based on its latest 2019Q1 regulatory filing with the SEC. Timessquare Capital Management Llc sold 119,650 shares as the company’s stock rose 16.11% . The institutional investor held 1.00M shares of the property-casualty insurers company at the end of 2019Q1, valued at $144.11M, down from 1.12 million at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in Renaissancere Holdings Lt for a number of months, seems to be less bullish one the $8.30 billion market cap company. The stock increased 1.24% or $2.3 during the last trading session, reaching $187.84. About 222,346 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 37.18% since August 15, 2018 and is uptrending. It has outperformed by 37.18% the S&P500.

Timessquare Capital Management Llc, which manages about $20.35B and $12.98B US Long portfolio, upped its stake in Wellcare Health Plans Inc (NYSE:WCG) by 128,370 shares to 528,900 shares, valued at $142.67M in 2019Q1, according to the filing. It also increased its holding in Sp by 194,500 shares in the quarter, for a total of 1.00 million shares, and has risen its stake in Copart Inc. (NASDAQ:CPRT).

Analysts await RenaissanceRe Holdings Ltd. (NYSE:RNR) to report earnings on October, 29. They expect $2.73 earnings per share, up 425.00 % or $2.21 from last year’s $0.52 per share. RNR’s profit will be $120.56 million for 17.20 P/E if the $2.73 EPS becomes a reality. After $4.78 actual earnings per share reported by RenaissanceRe Holdings Ltd. for the previous quarter, Wall Street now forecasts -42.89 % negative EPS growth.

More notable recent RenaissanceRe Holdings Ltd. (NYSE:RNR) news were published by: Benzinga.com which released: “Stocks That Set New 52-Week Highs Thursday – Benzinga” on August 08, 2019, also Businesswire.com with their article: “RenaissanceRe Holdings Ltd. Announces Quarterly Dividend – Business Wire” published on July 30, 2019, Businesswire.com published: “A.M. Best Places Credit Ratings of RenaissanceRe Holdings Ltd. and Its Subsidiaries Under Review with Developing Implications – Business Wire” on November 02, 2018. More interesting news about RenaissanceRe Holdings Ltd. (NYSE:RNR) were released by: Finance.Yahoo.com and their article: “Is GrubHub Inc (GRUB) A Good Stock To Buy? – Yahoo Finance” published on June 10, 2019 as well as Seekingalpha.com‘s news article titled: “RenaissanceRe ups buyback authorization to $500M, announces board change – Seeking Alpha” with publication date: February 19, 2016.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Coverage

Among 5 analysts covering RenaissanceRe Holdings (NYSE:RNR), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. RenaissanceRe Holdings has $19300 highest and $130 lowest target. $175.50’s average target is -6.57% below currents $187.84 stock price. RenaissanceRe Holdings had 12 analyst reports since March 20, 2019 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, April 9 by UBS. The firm has “Underweight” rating given on Monday, July 1 by Barclays Capital. On Monday, April 1 the stock rating was maintained by Barclays Capital with “Underweight”. The rating was maintained by Wells Fargo on Thursday, July 11 with “Market Perform”. The firm has “Buy” rating by Deutsche Bank given on Thursday, May 16. JP Morgan maintained RenaissanceRe Holdings Ltd. (NYSE:RNR) rating on Wednesday, July 24. JP Morgan has “Neutral” rating and $18700 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, August 7.

RenaissanceRe Holdings Ltd. (NYSE:RNR) Ratings Chart

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