Kevin Odonnell Sells 3,000 Shares of RenaissanceRe Holdings Ltd. (RNR) Stock
RenaissanceRe Holdings Ltd. (NYSE:RNR) CEO Kevin Odonnell sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $119.33, for a total transaction of $357,990.00. Following the completion of the sale, the chief executive officer now owns 267,944 shares of the company’s stock, valued at approximately $31,973,757.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Kevin Odonnell also recently made the following trade(s):
- On Tuesday, September 6th, Kevin Odonnell sold 3,000 shares of RenaissanceRe Holdings stock. The shares were sold at an average price of $120.28, for a total transaction of $360,840.00.
- On Tuesday, August 2nd, Kevin Odonnell sold 3,000 shares of RenaissanceRe Holdings stock. The shares were sold at an average price of $116.97, for a total transaction of $350,910.00.
RenaissanceRe Holdings Ltd. (NYSE:RNR) opened at 118.06 on Friday. The company’s 50 day moving average is $119.32 and its 200 day moving average is $116.51. RenaissanceRe Holdings Ltd. has a 1-year low of $107.27 and a 1-year high of $122.97. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 11.98 and a beta of 0.49.
RenaissanceRe Holdings (NYSE:RNR) last announced its earnings results on Tuesday, July 26th. The company reported $1.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.37. The company had revenue of $483.30 million for the quarter, compared to analysts’ expectations of $410.83 million. RenaissanceRe Holdings had a return on equity of 9.41% and a net margin of 27.26%. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business earned $2.18 EPS. Equities research analysts forecast that RenaissanceRe Holdings Ltd. will post $7.44 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, September 13th. RenaissanceRe Holdings’s dividend payout ratio (DPR) is presently 12.50%.
Several research firms have recently commented on RNR. Keefe, Bruyette & Woods boosted their price target on shares of RenaissanceRe Holdings from $130.00 to $134.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Citigroup Inc. restated a “neutral” rating on shares of RenaissanceRe Holdings in a report on Tuesday, June 21st. Finally, Zacks Investment Research lowered shares of RenaissanceRe Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. RenaissanceRe Holdings has an average rating of “Hold” and a consensus price target of $119.14.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Walleye Trading LLC bought a new position in shares of RenaissanceRe Holdings during the second quarter valued at $125,000. Seven Eight Capital LLC bought a new position in shares of RenaissanceRe Holdings during the first quarter valued at $192,000. Chevy Chase Trust Holdings Inc. bought a new position in shares of RenaissanceRe Holdings during the second quarter valued at $200,000. BTC Capital Management Inc. raised its position in shares of RenaissanceRe Holdings by 8.8% in the second quarter. BTC Capital Management Inc. now owns 1,823 shares of the company’s stock valued at $216,000 after buying an additional 148 shares during the period. Finally, Gideon Capital Advisors Inc. bought a new position in shares of RenaissanceRe Holdings during the second quarter valued at $227,000. 94.78% of the stock is owned by institutional investors.
About RenaissanceRe Holdings
RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Company’s core products include property catastrophe reinsurance and specialty reinsurance risks. The Company’s segments include Catastrophe Reinsurance, Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance includes catastrophe reinsurance and certain property catastrophe joint ventures managed by the Company’s ventures unit.
Receive News & Stock Ratings for RenaissanceRe Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RenaissanceRe Holdings Ltd. and related stocks with our FREE daily email newsletter.