British Columbia Investment Management Has Decreased Its Renaissancere Holdings LTD (RNR) Holding; Profile of 4 Analysts Covering Unilever PLC (UL)

January 13, 2018 - By Dolores Ford

British Columbia Investment Management Corp decreased Renaissancere Holdings Ltd (RNR) stake by 11.23% reported in 2017Q3 SEC filing. British Columbia Investment Management Corp sold 2,926 shares as Renaissancere Holdings Ltd (RNR)’s stock declined 5.81%. The British Columbia Investment Management Corp holds 23,132 shares with $3.13M value, down from 26,058 last quarter. Renaissancere Holdings Ltd now has $4.82B valuation. The stock increased 1.47% or $1.74 during the last trading session, reaching $120.51. About 397,544 shares traded or 0.59% up from the average. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 20.88% since January 13, 2017 and is uptrending. It has outperformed by 4.18% the S&P500.

Among 12 analysts covering Unilever (NYSE:UL), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Unilever had 15 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, February 27 by Bank of America. On Friday, July 24 the stock rating was upgraded by Canaccord Genuity to “Buy”. The stock of Unilever PLC (NYSE:UL) earned “Buy” rating by Jefferies on Tuesday, December 13. ABN Amro downgraded Unilever PLC (NYSE:UL) on Monday, April 3 to “Sell” rating. As per Wednesday, December 7, the company rating was downgraded by JP Morgan. The company was downgraded on Monday, January 23 by Barclays Capital. On Friday, July 22 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Argus Research initiated Unilever PLC (NYSE:UL) on Friday, November 17 with “Hold” rating. The stock has “Overweight” rating by JP Morgan on Tuesday, January 12. The rating was reinitiated by Liberum Capital with “Hold” on Monday, March 27. See Unilever PLC (NYSE:UL) latest ratings:

17/11/2017 Broker: Argus Research Rating: Hold Initiate
10/08/2017 Broker: RBC Capital Markets Rating: Sell Downgrade

Since August 1, 2017, it had 0 buys, and 2 insider sales for $6.35 million activity. Shares for $674,444 were sold by ODonnell Kevin on Monday, October 2.

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.27, from 1.17 in 2017Q2. It dived, as 31 investors sold RNR shares while 105 reduced holdings. 42 funds opened positions while 80 raised stakes. 36.70 million shares or 1.16% more from 36.28 million shares in 2017Q2 were reported. Pax Mngmt Limited Co invested in 0.94% or 121,438 shares. Etrade Cap Limited Liability Company invested 0.01% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). Panagora Asset Mgmt has 4,343 shares for 0% of their portfolio. Reilly Fin Ltd Liability Co has 0% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 82 shares. Chilton Capital Lc holds 0.02% or 1,500 shares. Nomura Asset Mgmt Limited accumulated 0.03% or 15,370 shares. Rockefeller Fincl accumulated 12,900 shares or 0.03% of the stock. Wisconsin-based Johnson Gp has invested 0% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Ing Groep Nv stated it has 4,933 shares. Shine Investment Advisory Svcs Inc has invested 0.01% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Sei Investments Com reported 121,569 shares. Fifth Third Bank stated it has 0.01% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). 45 were reported by Greenleaf Tru. California Employees Retirement, a California-based fund reported 96,302 shares. 7,669 are held by Amalgamated Commercial Bank.

British Columbia Investment Management Corp increased Global Pmts Inc (NYSE:GPN) stake by 5,595 shares to 76,610 valued at $7.28M in 2017Q3. It also upped Bard C R Inc (NYSE:BCR) stake by 3,807 shares and now owns 37,738 shares. Toll Brothers Inc (NYSE:TOL) was raised too.

Analysts await RenaissanceRe Holdings Ltd. (NYSE:RNR) to report earnings on January, 30. They expect $0.85 EPS, down 70.89% or $2.07 from last year’s $2.92 per share. RNR’s profit will be $34.03M for 35.44 P/E if the $0.85 EPS becomes a reality. After $-13.81 actual EPS reported by RenaissanceRe Holdings Ltd. for the previous quarter, Wall Street now forecasts -106.15% EPS growth.

Among 15 analysts covering RenaissanceRe (NYSE:RNR), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. RenaissanceRe had 28 analyst reports since October 14, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, April 8 by Citigroup. The firm has “Hold” rating given on Thursday, August 17 by Keefe Bruyette & Woods. Wells Fargo maintained the stock with “Hold” rating in Wednesday, July 26 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $143.0 target in Wednesday, September 20 report. The stock has “Neutral” rating by Nomura on Monday, December 7. As per Wednesday, October 14, the company rating was upgraded by Bernstein. As per Tuesday, November 22, the company rating was initiated by Citigroup. Deutsche Bank downgraded the shares of RNR in report on Monday, November 21 to “Hold” rating. Buckingham Research initiated it with “Buy” rating and $165.0 target in Monday, September 11 report. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) earned “Hold” rating by Wells Fargo on Tuesday, January 9.

The stock increased 0.93% or $0.5 during the last trading session, reaching $54.52. About 1.35M shares traded or 14.39% up from the average. Unilever PLC (NYSE:UL) has risen 20.68% since January 13, 2017 and is uptrending. It has outperformed by 3.98% the S&P500.

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