Bluemountain Capital Management Stake in Renaissancere Holdings LTD (RNR) Increased as Stock Value Declined; Citadel Advisors Has Decreased Ameriprise Finl (Put) (AMP) Position by $1.80 Million; Stock Price Declined

October 12, 2017 - By Winifred Garcia

Ken Griffin decreased its stake in Ameriprise Finl Inc (Put) (AMP) by 51.45% based on its latest 2017Q2 regulatory filing with the SEC. Citadel Advisors Llc sold 14,200 shares as the company’s stock declined 2.45% while stock markets rallied. The hedge fund run by Ken Griffin held 13,400 shares of the finance company at the end of 2017Q2, valued at $1.71M, down from 27,600 at the end of the previous reported quarter. Citadel Advisors Llc who had been investing in Ameriprise Finl Inc (Put) for a number of months, seems to be less bullish one the $23.02 billion market cap company. The stock rose 0.42% or $0.64 reaching $152.47. About 115,731 shares traded. Ameriprise Financial, Inc. (NYSE:AMP) has risen 30.25% since October 12, 2016 and is uptrending. It has outperformed by 13.55% the S&P500.

Andrew Feldstein increased its stake in Renaissancere Holdings Ltd (RNR) by 242.85% based on its latest 2017Q2 regulatory filing with the SEC. Bluemountain Capital Management Llc bought 5,928 shares as the company’s stock declined 5.81% while stock markets rallied. The hedge fund run by Andrew Feldstein held 8,369 shares of the property-casualty insurers company at the end of 2017Q2, valued at $1.16M, up from 2,441 at the end of the previous reported quarter. Bluemountain Capital Management Llc who had been investing in Renaissancere Holdings Ltd for a number of months, seems to be bullish on the $5.63 billion market cap company. The stock rose 0.31% or $0.43 reaching $138.16 per share. About 51,229 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 20.88% since October 12, 2016 and is uptrending. It has outperformed by 4.18% the S&P500.




Among 13 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Ameriprise Financial had 33 analyst reports since September 7, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, July 27 report. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Overweight” rating given on Thursday, October 5 by Morgan Stanley. Barclays Capital maintained Ameriprise Financial, Inc. (NYSE:AMP) on Friday, August 11 with “Equal-Weight” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, June 30. Credit Suisse initiated Ameriprise Financial, Inc. (NYSE:AMP) on Friday, October 7 with “Neutral” rating. The rating was downgraded by Suntrust Robinson on Monday, December 19 to “Hold”. Barclays Capital maintained Ameriprise Financial, Inc. (NYSE:AMP) on Friday, January 29 with “Equal-Weight” rating. Barclays Capital maintained Ameriprise Financial, Inc. (NYSE:AMP) on Thursday, October 22 with “Equal-Weight” rating. The firm has “Neutral” rating by Citigroup given on Wednesday, April 6. The firm has “Outperform” rating given on Monday, January 11 by Credit Suisse.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.25, from 0.87 in 2017Q1. It increased, as 39 investors sold AMP shares while 202 reduced holdings. 77 funds opened positions while 192 raised stakes. 114.55 million shares or 3.72% less from 118.98 million shares in 2017Q1 were reported. Finemark Savings Bank & invested in 0.03% or 3,498 shares. Strs Ohio has invested 0% in Ameriprise Financial, Inc. (NYSE:AMP). Paloma Prtn Management holds 0.03% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 19,038 shares. Wright Investors Service stated it has 0.11% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Ancora Advisors Ltd Liability Corporation reported 0.02% in Ameriprise Financial, Inc. (NYSE:AMP). 5,389 were reported by Cibc Markets Inc. Mufg Americas Holding Corporation reported 22,961 shares stake. Moreover, Meiji Yasuda Asset Mgmt Limited has 0.04% invested in Ameriprise Financial, Inc. (NYSE:AMP). Northrock Partners Llc has invested 4.54% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Sector Pension Investment Board owns 50,433 shares. Fifth Third National Bank invested in 0.06% or 59,000 shares. Amalgamated National Bank & Trust holds 18,357 shares or 0.08% of its portfolio. Invesco Ltd stated it has 593,253 shares or 0.02% of all its holdings. Ngam Advisors Ltd Partnership reported 59,088 shares or 0.08% of all its holdings. Leisure Management accumulated 15,352 shares or 1.74% of the stock.

Since May 8, 2017, it had 0 insider buys, and 1 sale for $121,458 activity.

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on October, 24. They expect $2.79 EPS, up 21.83% or $0.50 from last year’s $2.29 per share. AMP’s profit will be $421.24M for 13.66 P/E if the $2.79 EPS becomes a reality. After $2.80 actual EPS reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts -0.36% negative EPS growth.

Citadel Advisors Llc, which manages about $118.02B US Long portfolio, upped its stake in Harris Corp Del (NYSE:HRS) by 86,425 shares to 99,925 shares, valued at $10.90 million in 2017Q2, according to the filing. It also increased its holding in Terraform Pwr Inc (Put) (NASDAQ:TERP) by 47,100 shares in the quarter, for a total of 80,400 shares, and has risen its stake in At&T Inc (Put) (NYSE:T).

Since May 1, 2017, it had 0 buys, and 2 insider sales for $3.00 million activity. Another trade for 14,000 shares valued at $2.00 million was made by Weinstein Stephen Howard on Thursday, June 1.

Investors sentiment increased to 1.17 in Q2 2017. Its up 0.02, from 1.15 in 2017Q1. It improved, as 18 investors sold RNR shares while 100 reduced holdings. 43 funds opened positions while 95 raised stakes. 36.28 million shares or 1.23% less from 36.73 million shares in 2017Q1 were reported. Aqr Management Limited Com has 0.08% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR) for 452,022 shares. Stevens Cap Management Limited Partnership reported 3,215 shares. Ngam Advsrs LP reported 26,993 shares. Jefferies Group Limited owns 10,917 shares. Neuberger Berman Gp Inc Ltd Liability Corp has 55,134 shares. Prospector Prns Ltd invested 2.03% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). Korea Investment owns 15,900 shares or 0.01% of their US portfolio. Moreover, Deutsche Bank Ag has 0.02% invested in RenaissanceRe Holdings Ltd. (NYSE:RNR). Estabrook Mngmt holds 20,634 shares or 0% of its portfolio. Earnest Partners Lc stated it has 312,145 shares. 23,655 were accumulated by Oregon Public Employees Retirement Fund. Bluemountain Mngmt Limited Liability Company, New York-based fund reported 8,369 shares. Abrams Bison Ltd Liability owns 625,657 shares. Middleton Communications Inc Ma reported 65,605 shares. Regions Fincl owns 5,251 shares for 0.01% of their portfolio.

More notable recent RenaissanceRe Holdings Ltd. (NYSE:RNR) news were published by: Nasdaq.com which released: “RenaissanceRe Holdings’ Series C Preference Shares Crosses Above 6% Yield …” on September 07, 2017, also Businesswire.com with their article: “RenaissanceRe Announces $625 Million Initial Estimated Net Negative Impact …” published on October 04, 2017, Businesswire.com published: “Duncan Hennes and Val Rahmani to Join RenaissanceRe Holdings Ltd. Board of …” on August 02, 2017. More interesting news about RenaissanceRe Holdings Ltd. (NYSE:RNR) were released by: Nasdaq.com and their article: “RenaissanceRe Holdings Ltd. (RNR) Ex-Dividend Date Scheduled for September 14 …” published on September 13, 2017 as well as Businesswire.com‘s news article titled: “RenaissanceRe Schedules Third Quarter 2017 Financial Results Conference Call” with publication date: October 05, 2017.

Bluemountain Capital Management Llc, which manages about $27.77B and $4.85B US Long portfolio, decreased its stake in Archer Daniels Midland Co (NYSE:ADM) by 13,078 shares to 6,257 shares, valued at $259,000 in 2017Q2, according to the filing. It also reduced its holding in Lear Corp (NYSE:LEA) by 4,290 shares in the quarter, leaving it with 920 shares, and cut its stake in Rsp Permian Inc (NYSE:RSPP).

Among 13 analysts covering RenaissanceRe (NYSE:RNR), 1 have Buy rating, 0 Sell and 12 Hold. Therefore 8% are positive. RenaissanceRe had 22 analyst reports since October 14, 2015 according to SRatingsIntel. Citigroup initiated the stock with “Neutral” rating in Tuesday, November 22 report. The firm has “Mkt Perform” rating given on Wednesday, October 14 by Bernstein. The firm has “Neutral” rating by Citigroup given on Thursday, April 28. Keefe Bruyette & Woods maintained RenaissanceRe Holdings Ltd. (NYSE:RNR) on Thursday, August 17 with “Hold” rating. The rating was maintained by UBS with “Neutral” on Tuesday, September 19. The stock has “Buy” rating by Buckingham Research on Monday, September 11. As per Wednesday, July 26, the company rating was maintained by Wells Fargo. On Monday, November 21 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock has “Hold” rating by J.P. Morgan on Friday, July 28. Keefe Bruyette & Woods maintained the shares of RNR in report on Monday, June 26 with “Hold” rating.

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