RenaissanceRe Holdings Ltd. (RNR) Insider Sells $577,625.00 in Stock
RenaissanceRe Holdings Ltd. (NYSE:RNR) insider Aditya Dutt sold 4,621 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $125.00, for a total value of $577,625.00. Following the completion of the sale, the insider now owns 46,428 shares of the company’s stock, valued at approximately $5,803,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Aditya Dutt also recently made the following trade(s):
- On Tuesday, October 25th, Aditya Dutt sold 599 shares of RenaissanceRe Holdings stock. The shares were sold at an average price of $125.00, for a total value of $74,875.00.
Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) opened at 127.89 on Friday. RenaissanceRe Holdings Ltd. has a 52 week low of $107.27 and a 52 week high of $128.09. The company has a 50-day moving average price of $122.68 and a 200 day moving average price of $117.62. The stock has a market capitalization of $5.26 billion, a P/E ratio of 10.87 and a beta of 0.46.
RenaissanceRe Holdings (NYSE:RNR) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $2.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.30. RenaissanceRe Holdings had a return on equity of 8.54% and a net margin of 30.02%. The firm earned $442.47 million during the quarter, compared to the consensus estimate of $488.38 million. During the same quarter in the previous year, the company posted $2.58 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. Analysts forecast that RenaissanceRe Holdings Ltd. will post $6.59 earnings per share for the current fiscal year.
RNR has been the subject of several analyst reports. Zacks Investment Research raised RenaissanceRe Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 7th. Keefe, Bruyette & Woods upped their target price on RenaissanceRe Holdings from $130.00 to $134.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $119.14.
Institutional investors have recently modified their holdings of the stock. Walleye Trading LLC acquired a new position in shares of RenaissanceRe Holdings during the second quarter valued at about $125,000. Seven Eight Capital LLC purchased a new stake in RenaissanceRe Holdings during the first quarter valued at approximately $192,000. Chevy Chase Trust Holdings Inc. purchased a new stake in RenaissanceRe Holdings during the second quarter valued at approximately $200,000. BTC Capital Management Inc. boosted its stake in 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. purchased a new stake in RenaissanceRe Holdings during the second quarter valued at approximately $227,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.
RenaissanceRe Holdings Company Profile
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.
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