RenaissanceRe Holdings Ltd. (RNR) Touches $152.20 High on Apr, 14; Iconix Brand Group Has 0.39 Sentiment

Iconix Brand Group, Inc. (NASDAQ:ICON) Logo

Iconix Brand Group Inc (ICON) investors sentiment decreased to 0.39 in Q4 2018. It’s down -0.07, from 0.46 in 2018Q3. The ratio worsened, as 11 funds increased and started new positions, while 28 sold and reduced equity positions in Iconix Brand Group Inc. The funds in our database now have: 7.96 million shares, down from 14.54 million shares in 2018Q3. Also, the number of funds holding Iconix Brand Group Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 16 Increased: 5 New Position: 6.

The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) reached all time high today, Apr, 14 and still has $158.29 target or 4.00% above today’s $152.20 share price. This indicates more upside for the $6.69 billion company. This technical setup was reported by Barchart.com. If the $158.29 PT is reached, the company will be worth $267.56 million more. The stock increased 1.81% or $2.7 during the last trading session, reaching $152.2. About 291,210 shares traded or 19.54% up from the average. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 13.86% since April 14, 2018 and is uptrending. It has outperformed by 9.49% the S&P500. Some Historical RNR News: 27/03/2018 – RENAISSANCERE TERMINATED LETTER OF CREDIT AGREEMENT; 09/04/2018 – AIR Worldwide Collaborates with RenaissanceRe to Develop Industry’s First Probabilistic Model for Extreme Liability Events; 14/05/2018 – RenaissanceRe Holdings Ltd. Announces Quarterly Dividend; 10/05/2018 – Boost Insurance Secures Dedicated Reinsurance Capacity Built To Power lnsurtech Startups; 27/03/2018 – RENAISSANCERE HOLDINGS SAYS EFFECTIVE MARCH 23, TERMINATED STANDBY LETTER OF CREDIT AGREEMENT, DATED MAY 19, 2015 – SEC FILING; 01/05/2018 – RENAISSANCERE 1Q OPER EPS $3.40, EST. $2.65; 28/03/2018 – RenaissanceRe Closes Above 200-Day Moving Average: Technicals; 27/03/2018 – RENAISSANCERE SAYS HAS SUFFICIENT CAPACITY TO MEET FUTURE NEEDS; 01/05/2018 – RenaissanceRe 1Q EPS $1.42; 01/05/2018 – RenaissanceRe 1Q Underwriting Income $129.6 Million

RenaissanceRe Holdings Ltd. together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. The company has market cap of $6.69 billion. The firm operates through Property, and Casualty and Specialty divisions. It has a 31 P/E ratio. 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 U.S. multi-line reinsurance.

Analysts await RenaissanceRe Holdings Ltd. (NYSE:RNR) to report earnings on May, 7. They expect $2.90 EPS, down 14.71% or $0.50 from last year’s $3.4 per share. RNR’s profit will be $127.45M for 13.12 P/E if the $2.90 EPS becomes a reality. After $0.02 actual EPS reported by RenaissanceRe Holdings Ltd. for the previous quarter, Wall Street now forecasts 14,400.00% EPS growth.

Since November 7, 2018, it had 0 insider buys, and 2 selling transactions for $2.76 million activity. Another trade for 810 shares valued at $103,680 was made by Klehm Henry III on Wednesday, November 7. Paradine Jonathan sold $2.66M worth of stock or 20,000 shares.

Among 8 analysts covering RenaissanceRe Holdings (NYSE:RNR), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. RenaissanceRe Holdings has $168 highest and $125 lowest target. $144.14’s average target is -5.30% below currents $152.2 stock price. RenaissanceRe Holdings had 13 analyst reports since October 22, 2018 according to SRatingsIntel. As per Monday, December 10, the company rating was upgraded by Wood. The firm has “Underperform” rating given on Wednesday, January 16 by Bank of America. Barclays Capital maintained the stock with “Underweight” rating in Monday, April 1 report. The firm earned “Buy” rating on Wednesday, November 7 by Deutsche Bank. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, November 14 report. Wells Fargo maintained RenaissanceRe Holdings Ltd. (NYSE:RNR) on Thursday, November 1 with “Market Perform” rating. Bank of America upgraded it to “Neutral” rating and $144 target in Monday, December 3 report. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) earned “Neutral” rating by Citigroup on Thursday, November 8. The stock has “Neutral” rating by UBS on Tuesday, April 9. The firm has “Buy” rating by Citigroup given on Monday, October 22.

More notable recent RenaissanceRe Holdings Ltd. (NYSE:RNR) news were published by: Businesswire.com which released: “AM Best Removes from Under Review With Developing Implications and Affirms Credit Ratings of RenaissanceRe Holdings Ltd and Its Main Subsidiaries – Business Wire” on March 22, 2019, also Seekingalpha.com with their article: “RenaissanceRe Holdings: This 5.75% Preferred Stock Has Begun Trading On The NYSE – Seeking Alpha” published on June 23, 2018, Seekingalpha.com published: “RenaissanceRe Holdings Ltd. (RNR) CEO Kevin O’Donnell on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on January 30, 2019. More interesting news about RenaissanceRe Holdings Ltd. (NYSE:RNR) were released by: Seekingalpha.com and their article: “Hurricane Florence could cause $170B of property damage, CoreLogic says – Seeking Alpha” published on September 11, 2018 as well as Seekingalpha.com‘s news article titled: “RenaissanceRe Holdings Ltd. (RNR) CEO Kevin O’Donnell on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: October 31, 2018.

Investors sentiment decreased to 0.84 in 2018 Q4. Its down 0.17, from 1.01 in 2018Q3. It turned negative, as 22 investors sold RenaissanceRe Holdings Ltd. shares while 105 reduced holdings. 38 funds opened positions while 69 raised stakes. 41.14 million shares or 10.09% more from 37.37 million shares in 2018Q3 were reported. Polar Cap Llp reported 519,650 shares. Tower Research Cap Limited Com (Trc) holds 0.02% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 1,741 shares. Prospector Lc holds 190,254 shares. Glenmede Tru Na has 55,600 shares. 27 are held by Archford Cap Strategies Ltd Company. Middleton & Co Ma accumulated 1.62% or 65,675 shares. 14,400 were accumulated by State Treasurer State Of Michigan. Federated Invsts Pa invested 0.01% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). 87 are owned by Signaturefd Ltd Liability Co. Vanguard Gru invested in 4.23 million shares. Balyasny Asset Mgmt, a Illinois-based fund reported 127,918 shares. Jefferies Grp Ltd Llc has invested 0% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Oakbrook Investments Limited Liability Company reported 3,800 shares. American Group Incorporated invested 0.05% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). Invesco Ltd reported 0% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR).

Permit Capital Llc holds 0.04% of its portfolio in Iconix Brand Group, Inc. for 794,814 shares. Advisory Services Network Llc owns 564 shares or 0% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 10,825 shares. The Ontario – Canada-based Bank Of Montreal Can has invested 0% in the stock. Bank Of New York Mellon Corp, a New York-based fund reported 49,141 shares.

Iconix Brand Group, Inc., a brand management company, owns, licenses, and markets a portfolio of consumer brands across the womenÂ’s, menÂ’s, entertainment, and home industries in the United States and internationally. The company has market cap of $13.25 million. The companyÂ’s brand portfolio includes Candie's, Bongo, Joe Boxer, Rampage, Mudd, Mossimo, London Fog, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/ Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Umbro, Lee Cooper, Ecko Unltd/Mark Ecko Cut & Sew, Strawberry Shortcake, and Artful Dodger brands. It currently has negative earnings. It also owns interests in the Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham, Hydraulic, and Pony Brands.

Iconix Brand Group, Inc. (NASDAQ:ICON) Institutional Positions Chart