State Street Corp. Updates RenaissanceRe Holdings Ltd. Stake
Ticker: RNR-PG · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 913144
| Field | Detail |
|---|---|
| Company | Renaissancere Holdings Ltd (RNR-PG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street just updated its stake in RenaissanceRe, showing continued institutional ownership.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 22, 2024, indicating its ownership of common stock in RenaissanceRe Holdings Ltd. This filing, based on holdings as of December 31, 2023, is an update to their previous disclosures. For investors, this matters because State Street is a significant institutional holder, and changes in their position can signal their confidence (or lack thereof) in RenaissanceRe's future performance, potentially influencing other investors.
Why It Matters
This filing shows State Street Corporation's continued institutional ownership in RenaissanceRe Holdings Ltd., providing transparency on a major investor's position.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
An investor should note that State Street Corporation continues to hold a position in RenaissanceRe Holdings Ltd. This is a routine disclosure, but it's worth monitoring future filings for any significant changes in their stake, which could signal a shift in their investment thesis.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- RenaissanceRe Holdings Ltd. (company) — the issuer whose common stock is being reported
- 0000093751-24-000042 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event which requires filing of this statement
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 EXIT FILING'.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as stated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is RENAISSANCERE HOLDINGS LTD, as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RENAISSANCERE HOLDINGS LTD'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of RenaissanceRe Holdings Ltd. is G7496G103, as listed under 'CUSIP NO:G7496G103'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding RENAISSANCERE HOLDINGS LTD (RNR-PG).