Independent Franchise Partners Llp Has Decreased Zoetis (ZTS) Holding By $123.65 Million; Profile of 2 Analysts Covering RenaissanceRe Holdings Ltd. (RNR)

February 18, 2018 - By Marguerite Chambers

Independent Franchise Partners Llp decreased Zoetis Inc (ZTS) stake by 22.72% reported in 2017Q3 SEC filing. Independent Franchise Partners Llp sold 1.96M shares as Zoetis Inc (ZTS)’s stock rose 14.85%. The Independent Franchise Partners Llp holds 6.68M shares with $425.64 million value, down from 8.64M last quarter. Zoetis Inc now has $38.85B valuation. The stock increased 1.57% or $1.23 during the last trading session, reaching $79.73. About 3.96 million shares traded or 57.78% up from the average. Zoetis Inc. (NYSE:ZTS) has risen 29.89% since February 18, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

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. On Wednesday, July 26 the stock rating was maintained by Wells Fargo with “Hold”. Citigroup maintained the stock with “Neutral” rating in Monday, October 2 report. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has “Hold” rating given on Thursday, August 17 by Keefe Bruyette & Woods. The rating was maintained by UBS on Monday, November 6 with “Neutral”. The firm has “Hold” rating given on Wednesday, September 20 by Keefe Bruyette & Woods. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, February 4. UBS maintained it with “Neutral” rating and $136 target in Tuesday, September 19 report. The rating was downgraded by Wood to “Market Perform” on Monday, July 11. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) earned “Buy” rating by Buckingham Research on Monday, September 11. The firm has “Buy” rating by Citigroup given on Thursday, November 2. See RenaissanceRe Holdings Ltd. (NYSE:RNR) latest ratings:

09/02/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $149 New Target: $152 Maintain
01/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $143.0 Maintain
08/01/2018 Broker: Barclays Capital Rating: Hold New Target: $130.0
09/01/2018 Broker: Wells Fargo Rating: Hold New Target: $125.0 Maintain
04/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $139.0 Maintain
06/11/2017 Broker: UBS Rating: Neutral Old Target: $135 New Target: $144 Maintain
02/11/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $144 New Target: $142 Maintain
02/11/2017 Broker: Citigroup Rating: Buy New Target: $157.0 Upgrade
02/10/2017 Broker: Citigroup Rating: Neutral Old Target: $148 New Target: $146 Maintain
02/10/2017 Broker: UBS Rating: Neutral Old Target: $136 New Target: $135 Maintain

Since October 2, 2017, it had 0 insider purchases, and 1 insider sale for $674,444 activity. $674,444 worth of RenaissanceRe Holdings Ltd. (NYSE:RNR) was sold by ODonnell Kevin on Monday, October 2.

Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.27, from 1.17 in 2017Q2. It fall, 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. The British Columbia – Canada-based British Columbia Invest Mgmt Corp has invested 0.02% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Amalgamated Bank invested in 0.03% or 7,669 shares. Panagora Asset Management has invested 0% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Lomas Limited owns 2.74% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 101,458 shares. Moon Cap Mngmt Ltd Liability Co accumulated 17,998 shares. 1,671 were accumulated by Silvercrest Asset Management Group Ltd Liability. Bnp Paribas Arbitrage reported 0.01% stake. 70,455 were reported by Deutsche Fincl Bank Ag. Monarch Prns Asset Mngmt Lc invested in 0.16% or 12,060 shares. Thrivent Financial For Lutherans holds 0% or 8,607 shares. Moreover, Twin Mgmt Inc has 0.06% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 8,390 shares. Aureus Asset Ltd Liability has invested 0.04% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Utah Retirement System holds 0.02% or 7,350 shares. Barclays Plc has invested 0% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Tci Wealth Advisors holds 0% or 49 shares in its portfolio.

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 $5.26 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.

The stock increased 1.01% or $1.31 during the last trading session, reaching $131.29. About 428,283 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 20.88% since February 18, 2017 and is uptrending. It has outperformed by 4.18% the S&P500.

Among 21 analysts covering Zoetis Inc (NYSE:ZTS), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Zoetis Inc had 74 analyst reports since July 24, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Friday, November 3 report. The stock of Zoetis Inc. (NYSE:ZTS) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 30. Barclays Capital maintained it with “Equal-Weight” rating and $49 target in Thursday, August 4 report. The rating was maintained by Jefferies with “Buy” on Tuesday, August 15. The company was maintained on Wednesday, September 6 by Cantor Fitzgerald. Cowen & Co maintained Zoetis Inc. (NYSE:ZTS) rating on Monday, July 10. Cowen & Co has “Buy” rating and $6000 target. Cowen & Co maintained the shares of ZTS in report on Thursday, February 15 with “Buy” rating. The firm has “Buy” rating by Craig Hallum given on Wednesday, August 9. Stifel Nicolaus initiated it with “Buy” rating and $58 target in Wednesday, June 1 report. On Thursday, December 15 the stock rating was upgraded by Cowen & Co to “Outperform”.

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