RenaissanceRe (RNR) Given a $140.00 Price Target by Wells Fargo & Company Analysts

This buyback authorization permits the insurance provider to reacquire shares of its stock through open market purchases. APG Asset Management N.V. now owns 970,002 shares of the insurance provider's stock valued at $131,086,000 after acquiring an additional 283,300 shares in the last quarter. RenaissanceRe comprises about 1.4% of Accident Compensation Corp's investment portfolio, making the stock its 24th biggest position.

Analysts await RenaissanceRe Holdings Ltd. (NYSE:RNR) to report earnings on January, 30.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of RenaissanceRe by 53,631.6% during the 2nd quarter. Citigroup Inc. now owns 1,566 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 1,134 shares during the last quarter. Wells Fargo & Company MN now owns 768,954 shares of the insurance provider's stock worth $106,923,000 after buying an additional 175,408 shares in the last quarter. Hilton Capital Management Ltd Llc, New York-based fund reported 3,995 shares. Great Lakes Advisors LLC raised its stake in shares of RenaissanceRe by 22.2% in the second quarter. Renaissance Technologies LLC now owns 692,497 shares of the insurance provider's stock worth $96,292,000 after buying an additional 318,282 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in RenaissanceRe during the 2nd quarter valued at $161,000.

Moon Capital Management Llc increased Renaissancere Holdings Ltd (RNR) stake by 0.31% reported in 2017Q2 SEC filing. (RNR) traded down 0.31% during midday trading on Friday, reaching $144.25. The company had a trading volume of 399,400 shares, compared to its average volume of 289,152. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. UBS maintained RenaissanceRe Holdings Ltd. (NYSE:RNR) rating on Tuesday, September 19. The insurance provider reported ($13.81) EPS for the quarter, missing analysts' consensus estimates of ($12.25) by ($1.56). The firm had revenue of $483.22 million for the quarter, compared to analyst estimates of $300.46 million. RenaissanceRe had a negative return on equity of 5.82% and a negative net margin of 7.60%. The company's quarterly revenue was up 70.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 earnings per share. Arga Inv LP invested in 0.46% or 48,200 shares. Its up 0.02, from 1.15 in 2017Q1. The ex-dividend date of this dividend is Thursday, December 14th. RenaissanceRe's dividend payout ratio is now -28.01%.

RenaissanceRe declared that its Board of Directors has authorized a stock repurchase program on Friday, November 10th that allows the company to buyback $500.00 million in shares. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Madrigal Pharmaceuticals (MDGL) Given New $105.00 Price Target at HC Wainwright
At the end of 09/30/2017 reporting period, 33 institutional holders increased their position in Madrigal Pharmaceuticals, Inc . Finally, Roth Capital initiated coverage on shares of Madrigal Pharmaceuticals in a research report on Thursday, October 19th.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised RenaissanceRe from a "sell" rating to a "hold" rating in a report on Friday, November 10th. Buckingham Research initiated RenaissanceRe Holdings Ltd. (NYSE:RNR) rating on Monday, September 11. The stock has "Neutral" rating by Citigroup on Tuesday, November 22. They set a "buy" rating and a $165.00 target price on the stock. The firm has "Hold" rating by Keefe Bruyette & Woods given on Monday, June 26. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. $141's average target is 10.03% above currents $128.15 stock price.

In other news, SVP Sean G. Brosnan sold 1,391 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $135.73, for a total value of $188,800.43. Following the completion of the sale, the senior vice president now directly owns 8,405 shares in the company, valued at approximately $1,140,810.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

In other RenaissanceRe news, CEO Kevin Odonnell sold 5,000 shares of the business's stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $135.58, for a total value of $677,900.00. Following the completion of the sale, the chief executive officer now owns 233,101 shares of the company's stock, valued at approximately $33,659,784.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,391 shares of company stock valued at $2,199,400.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another site, it was illegally copied and republished in violation of United States and worldwide trademark and copyright laws. Lpl Financial Ltd Liability Com stated it has 9,085 shares or 0% of all its holdings.

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. 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 US multi-line reinsurance. Its segments include Property; Casualty and Specialty, and Other category. Mitsubishi Ufj Tru And Bk Corporation invested 0.04% in RenaissanceRe Holdings Ltd. (NYSE:RNR).

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