Janney Montgomery Scott LLC Buys 1,989 Shares of RenaissanceRe Holdings Ltd. $RNR

Posted by Brian Himes on Jul 9th, 2026

Janney Montgomery Scott LLC increased its stake in RenaissanceRe Holdings Ltd. (NYSE:RNR – Free Report) by 29.2% during the first quarter, Holdings Channel.com reports. The fund owned 8,801 shares of the insurance provider’s stock after buying an additional 1,989 shares during the period. Janney Montgomery Scott LLC’s holdings in RenaissanceRe were worth $2,616,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its position in RenaissanceRe by 5.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,310 shares of the insurance provider’s stock valued at $2,173,000 after purchasing an additional 382 shares during the period. SmartHarvest Portfolios LLC acquired a new position in shares of RenaissanceRe in the 1st quarter worth approximately $227,000. Louisiana State Employees Retirement System acquired a new position in shares of RenaissanceRe in the 1st quarter worth approximately $3,745,000. Fifth Third Wealth Advisors LLC boosted its stake in shares of RenaissanceRe by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,182 shares of the insurance provider’s stock valued at $649,000 after purchasing an additional 61 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of RenaissanceRe by 3,272.6% in the 4th quarter. Hsbc Holdings PLC now owns 28,195 shares of the insurance provider’s stock valued at $7,968,000 after purchasing an additional 27,359 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

RenaissanceRe Stock Performance

NYSE:RNR opened at $322.94 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. RenaissanceRe Holdings Ltd. has a twelve month low of $231.17 and a twelve month high of $329.57. The company has a fifty day moving average of $300.54 and a 200-day moving average of $295.34. The firm has a market capitalization of $13.77 billion, a P/E ratio of 5.38, a P/E/G ratio of 1.21 and a beta of 0.17.

RenaissanceRe (NYSE:RNR – Get Free Report) last issued its earnings results on Tuesday, March 31st. The insurance provider reported $13.75 earnings per share (EPS) for the quarter. The business had revenue of $2.19 billion for the quarter. RenaissanceRe had a net margin of 24.25% and a return on equity of 24.01%. As a group, sell-side analysts anticipate that RenaissanceRe Holdings Ltd. will post 40.19 EPS for the current year.

RenaissanceRe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.41 per share. The ex-dividend date was Monday, June 15th. This represents a $1.64 annualized dividend and a dividend yield of 0.5%. RenaissanceRe’s dividend payout ratio is currently 2.73%.

Analysts Set New Price Targets

RNR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of RenaissanceRe from $327.00 to $342.00 and gave the stock a “market perform” rating in a research note on Wednesday. UBS Group upped their price target on shares of RenaissanceRe from $326.00 to $342.00 and gave the company a “neutral” rating in a research report on Wednesday. Cantor Fitzgerald upgraded RenaissanceRe from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $306.00 to $340.00 in a report on Thursday, April 9th. Wolfe Research set a $315.00 price objective on RenaissanceRe in a research report on Tuesday. Finally, Morgan Stanley boosted their price objective on RenaissanceRe from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $328.33.

Read Our Latest Stock Analysis on RNR

About RenaissanceRe

(Free Report)

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.