KLP Kapitalforvaltning AS Makes New $492,000 Investment in Renasant Co. (NASDAQ:RNST)

KLP Kapitalforvaltning AS purchased a new stake in Renasant Co. ( NASDAQ:RNST – Free Report ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,700 shares of the financial services provider’s stock, valued at approximately $492,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp grew its position in shares of Renasant by 26.5% in the third quarter.



State Street Corp now owns 3,369,915 shares of the financial services provider’s stock valued at $109,522,000 after purchasing an additional 705,344 shares during the last quarter. JPMorgan Chase & Co. increased its position in Renasant by 81.

1% during the 3rd quarter. JPMorgan Chase & Co. now owns 263,353 shares of the financial services provider’s stock worth $8,559,000 after buying an additional 117,950 shares during the period.

Principal Financial Group Inc. lifted its holdings in shares of Renasant by 2.9% during the fourth quarter.

Principal Financial Group Inc. now owns 308,195 shares of the financial services provider’s stock worth $11,018,000 after buying an additional 8,710 shares in the last quarter. Charles Schwab Investment Management Inc.

boosted its position in shares of Renasant by 21.9% in the third quarter. Charles Schwab Investment Management Inc.

now owns 734,744 shares of the financial services provider’s stock valued at $23,879,000 after acquiring an additional 131,821 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Renasant by 122.

0% in the 3rd quarter. Franklin Resources Inc. now owns 27,669 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 15,203 shares during the period.

77.31% of the stock is owned by institutional investors. Insider Activity In related news, CAO Kelly Hutcheson sold 1,310 shares of the business’s stock in a transaction on Friday, February 21st.

The shares were sold at an average price of $36.72, for a total value of $48,103.20.

Following the sale, the chief accounting officer now owns 17,586 shares of the company’s stock, valued at $645,757.92. The trade was a 6.

93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website . 2.

81% of the stock is currently owned by insiders. Renasant Trading Down 9.4 % Renasant Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, March 31st.

Stockholders of record on Monday, March 17th were issued a dividend of $0.22 per share. This represents a $0.

88 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, March 17th.

Renasant’s dividend payout ratio (DPR) is currently 26.91%. Wall Street Analyst Weigh In RNST has been the subject of a number of recent analyst reports.

StockNews.com downgraded Renasant from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Stephens raised their target price on shares of Renasant from $44.

00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Piper Sandler boosted their target price on shares of Renasant from $41.

00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Raymond James reduced their price target on shares of Renasant from $44.

00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $46.

00 price objective (up from $45.00) on shares of Renasant in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock.

According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.17. View Our Latest Stock Analysis on RNST Renasant Company Profile ( Free Report ) Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers.

The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities. Featured Stories Receive News & Ratings for Renasant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renasant and related companies with MarketBeat.

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