RenaissanceRe Holdings Ltd. (RNR) To Go Ex-Dividend on June 15th

RenaissanceRe Holdings Ltd. (NYSE:RNR) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.41 per share by the insurance provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, June 15th.

RenaissanceRe has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 30 years. RenaissanceRe has a payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RenaissanceRe to earn $40.77 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 4.0%.

RenaissanceRe Price Performance

Shares of RNR stock opened at $300.49 on Friday. The stock has a 50 day moving average of $299.00 and a two-hundred day moving average of $289.32. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.22. RenaissanceRe has a 12 month low of $231.17 and a 12 month high of $318.20. The company has a market capitalization of $12.81 billion, a P/E ratio of 5.01, a P/E/G ratio of 1.12 and a beta of 0.18.

RenaissanceRe (NYSE:RNR) last announced its quarterly earnings data on Tuesday, March 31st. The insurance provider reported $13.75 EPS for the quarter. RenaissanceRe had a return on equity of 24.01% and a net margin of 24.25%.The company had revenue of $2.19 billion during the quarter. As a group, equities analysts expect that RenaissanceRe will post 40.05 EPS for the current year.

Hedge Funds Weigh In On RenaissanceRe

Several hedge funds and other institutional investors have recently modified their holdings of RNR. Lightrock Netherlands B.V. lifted its position in shares of RenaissanceRe by 4,690.1% during the 4th quarter. Lightrock Netherlands B.V. now owns 1,017,508 shares of the insurance provider’s stock worth $286,083,000 after buying an additional 996,266 shares during the period. Orbis Allan Gray Ltd acquired a new stake in RenaissanceRe during the 4th quarter valued at $178,519,000. Norges Bank acquired a new stake in RenaissanceRe during the 4th quarter valued at $168,582,000. Egerton Capital UK LLP acquired a new stake in RenaissanceRe during the 4th quarter valued at $137,944,000. Finally, GQG Partners LLC acquired a new stake in RenaissanceRe during the 4th quarter valued at $108,780,000. Institutional investors own 99.97% of the company’s stock.

About RenaissanceRe

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance solutions, specializing in property catastrophe, casualty, and specialty lines. Established in 1993 and headquartered in Bermuda, the company trades on the New York Stock Exchange under the symbol RNR. With a focus on underwriting and risk assessment, RenaissanceRe offers tailored programs designed to help insurers and corporations manage exposure to natural disasters, liability claims, and other complex risks.

The company operates through two primary segments: Reinsurance and Insurance.