<div id="readability-page-1"><p>1620 Investment Advisors Inc. decreased its holdings in shares of  RenaissanceRe Holdings Ltd. (NYSE:RNR - Free Report) by 97.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 770 shares of the insurance provider's stock after selling 32,117 shares during the period. 1620 Investment Advisors Inc.'s holdings in RenaissanceRe were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><div><p><span></span><span>Get <strong>RenaissanceRe</strong> alerts:</span></p></div><p>Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its position in  RenaissanceRe by 10.5% during the first quarter. Advisors Asset Management Inc. now owns 441 shares of the insurance provider's stock worth $106,000 after acquiring an additional 42 shares during the period.  Benedict Financial Advisors Inc. grew its position in shares of  RenaissanceRe by 0.3% in the second quarter. Benedict Financial Advisors Inc. now owns 12,577 shares of the insurance provider's stock valued at $3,055,000 after purchasing an additional 42 shares during the period.  Rossby Financial LCC increased its stake in shares of  RenaissanceRe by 6.2% during the second quarter. Rossby Financial LCC now owns 845 shares of the insurance provider's stock worth $205,000 after purchasing an additional 49 shares in the last quarter.  Huntington National Bank raised its position in shares of  RenaissanceRe by 80.9% during the 2nd quarter. Huntington National Bank now owns 123 shares of the insurance provider's stock worth $30,000 after purchasing an additional 55 shares during the last quarter.  Finally, MassMutual Private Wealth &amp; Trust FSB raised its position in shares of  RenaissanceRe by 43.1% during the 2nd quarter. MassMutual Private Wealth &amp; Trust FSB now owns 186 shares of the insurance provider's stock worth $45,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own  99.97% of the company's stock. </p><h2>RenaissanceRe Trading Up 0.5%</h2><p>Shares of RNR stock opened at $272.76 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.21. RenaissanceRe Holdings Ltd. has a twelve month low of $219.00 and a twelve month high of $275.00. The company's 50-day moving average price is $259.82 and its 200-day moving average price is $249.49. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.59 and a beta of 0.26. </p><p>RenaissanceRe (NYSE:RNR - Get Free Report) last issued its earnings results on Tuesday, October 28th. The insurance provider reported $15.62 EPS for the quarter, topping analysts' consensus estimates of $9.49 by $6.13. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $1.97 billion. RenaissanceRe had a net margin of 14.23% and a return on equity of 16.83%. RenaissanceRe's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.23 earnings per share.  As a group, equities analysts predict that  RenaissanceRe Holdings Ltd. will post 26.04 earnings per share for the current year. </p><h2>RenaissanceRe Dividend Announcement</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.6%. RenaissanceRe's dividend payout ratio  is currently 4.45%. </p><h2>Analyst Ratings Changes</h2><p>RNR has been the subject of several research reports. BMO Capital Markets  reiterated an &#34;outperform&#34; rating and set a $303.00 price objective on shares of RenaissanceRe in a research note on Friday, December 5th. JPMorgan Chase &amp; Co.  reiterated a &#34;neutral&#34; rating and set a $303.00 price target on shares of RenaissanceRe in a research report on Thursday, October 9th. The Goldman Sachs Group began coverage on RenaissanceRe in a report on Tuesday, October 14th. They issued a &#34;sell&#34; rating and a $256.00 price objective on the stock. Barclays  set a $278.00 target price on shares of RenaissanceRe in a research note on Wednesday, October 8th. Finally, Weiss Ratings  reiterated a &#34;buy (b)&#34; rating on shares of RenaissanceRe in a research report on Monday. One investment analyst  has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have given a Hold rating and one  has issued  a Sell rating to the company. Based on data from MarketBeat.com, the company  has an average rating of &#34;Hold&#34; and an average target price of $286.29.</p><p><b>Get Our Latest Report on RNR</b></p><h2>RenaissanceRe Profile</h2> (Free Report)<p>RenaissanceRe Holdings Ltd., together with its subsidiaries, 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 reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as 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.</p><h2>See Also</h2><ul><li>Five stocks we like better than RenaissanceRe</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart Buy</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>RTX Surges to Record Highs as Defense Orders Explode</li><li>10 Best Airline Stocks to Buy</li><li>Smart Money Is Buying Auto Suppliers, Not Car Brands</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJOUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJOUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in RenaissanceRe Right Now?</h2><p>Before you consider RenaissanceRe, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RenaissanceRe wasn't on the list.</p><p>While RenaissanceRe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>1620 Investment Advisors Inc. reduced its holdings in RenaissanceRe Holdings Ltd. by 97.7% in Q3, selling 32,117 shares. The stock opened at $272.76, with a 12-month high of $275.00. Analysts predict a 26.04 EPS for the year. RenaissanceRe announced a $0.40 quarterly dividend, with a 0.6% yield. The stock has mixed analyst ratings, with an average "Hold" rating.</p>

RenaissanceRe Holdings Ltd. $RNR Shares Sold by 1620 Investment Advisors Inc.