Tejon Ranch Co. (TRC) Reaches $24.19 52-Week High; Renaissancere Holdings LTD. (RNR) Shorts Up By 49.31%

March 13, 2018 - By Peter Erickson

Renaissancere Holdings LTD. (NYSE:RNR) had an increase of 49.31% in short interest. RNR’s SI was 1.48 million shares in March as released by FINRA. Its up 49.31% from 988,500 shares previously. With 517,000 avg volume, 3 days are for Renaissancere Holdings LTD. (NYSE:RNR)’s short sellers to cover RNR’s short positions. The SI to Renaissancere Holdings LTD.’s float is 3.76%. The stock increased 0.43% or $0.59 during the last trading session, reaching $137.13. About 271,737 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 20.88% since March 13, 2017 and is uptrending. It has outperformed by 4.18% the S&P500.

The stock of Tejon Ranch Co. (NYSE:TRC) hit a new 52-week high and has $26.13 target or 8.00% above today’s $24.19 share price. The 7 months bullish chart indicates low risk for the $625.87 million company. The 1-year high was reported on Mar, 13 by Barchart.com. If the $26.13 price target is reached, the company will be worth $50.07M more. The stock increased 1.04% or $0.25 during the last trading session, reaching $24.19. About 64,167 shares traded. Tejon Ranch Co. (NYSE:TRC) has risen 3.31% since March 13, 2017 and is uptrending. It has underperformed by 13.39% the S&P500.

Investors sentiment increased to 3.25 in 2017 Q3. Its up 1.30, from 1.95 in 2017Q2. It improved, as 3 investors sold Tejon Ranch Co. shares while 18 reduced holdings. 16 funds opened positions while 25 raised stakes. 15.60 million shares or 2.22% more from 15.26 million shares in 2017Q2 were reported. Royal Fincl Bank Of Canada stated it has 1,403 shares or 0% of all its holdings. Shufro Rose & Limited Liability Corp has invested 0.58% in Tejon Ranch Co. (NYSE:TRC). Manufacturers Life Insur The holds 0% or 13,018 shares in its portfolio. Alpine Global Management Ltd Liability Corporation holds 0.43% of its portfolio in Tejon Ranch Co. (NYSE:TRC) for 70,000 shares. Fifth Third Bankshares has 1,740 shares. Citadel Advisors Ltd Limited Liability Company invested in 0% or 10,484 shares. Wells Fargo Company Mn holds 12,165 shares or 0% of its portfolio. Valueworks Lc stated it has 10,920 shares or 0.16% of all its holdings. Stifel Fin Corporation holds 0% or 12,646 shares. Whittier Tru reported 0% in Tejon Ranch Co. (NYSE:TRC). Morgan Stanley invested in 55,041 shares. Teton holds 0.26% or 134,000 shares. 263,805 were reported by State Street. Third Avenue Lc has 2.21M shares for 2.1% of their portfolio. Tower Research Cap Limited Liability (Trc) stated it has 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC).

Tejon Ranch Co. operates as a diversified real estate development and agribusiness company. The company has market cap of $625.87 million. The firm operates through five divisions: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. It currently has negative earnings. The Commercial/Industrial Real Estate Development segment is involved in the entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings; construction of buildings to be leased or sold; and sale of land to third parties for their own development.

Since October 2, 2017, it had 0 buys, and 1 insider sale for $674,444 activity. The insider ODonnell Kevin sold 5,000 shares worth $674,444.

Among 15 analysts covering RenaissanceRe (NYSE:RNR), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. RenaissanceRe had 30 analyst reports since October 14, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, February 4. On Thursday, November 2 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Neutral” rating given on Monday, October 2 by UBS. Goldman Sachs upgraded the shares of RNR in report on Tuesday, November 15 to “Neutral” rating. The firm earned “Buy” rating on Monday, September 11 by Buckingham Research. Citigroup initiated the shares of RNR in report on Tuesday, November 22 with “Neutral” rating. The firm has “Hold” rating given on Wednesday, July 26 by Wells Fargo. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has “Buy” rating given on Friday, April 8 by Citigroup. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has “Hold” rating given on Wednesday, September 20 by Keefe Bruyette & Woods. UBS maintained the stock with “Neutral” rating in Tuesday, September 19 report.

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 $5.49 billion. The firm operates through Property, and Casualty and Specialty divisions. It currently has negative earnings. 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.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.17, from 0.9 in 2017Q2. It is negative, as 31 investors sold RenaissanceRe Holdings Ltd. 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. Aviva Public Limited Liability Corporation accumulated 24,959 shares or 0.02% of the stock. Pnc Fin Svcs holds 0% or 1,987 shares in its portfolio. Stevens Cap Lp invested in 10,565 shares. Aperio Group Llc holds 228,618 shares. State Of Tennessee Treasury Department owns 75,000 shares. Etrade Mgmt Ltd Com invested 0.01% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Rhumbline Advisers invested in 84,762 shares. Cornerstone Management Hldg, New York-based fund reported 494 shares. Commonwealth Bancorporation Of Australia owns 7,609 shares for 0.01% of their portfolio. Morgan Stanley, a New York-based fund reported 172,762 shares. Nomura reported 0% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Ajo Lp reported 11,802 shares stake. Fmr Limited Liability Co reported 0.04% stake. Balyasny Asset Ltd has invested 0.29% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Riverhead Capital Mgmt Limited Liability Company holds 0.04% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 6,287 shares.

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