RenaissanceRe Holdings Ltd. (NYSE:RNR) SVP Rider Fonner Todd sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $130.32, for a total transaction of $781,920.00. Following the completion of the transaction, the senior vice president now owns 60,753 shares in the company, valued at $7,917,330.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rider Fonner Todd also recently made the following trade(s):

  • On Thursday, September 1st, Rider Fonner Todd sold 1,500 shares of RenaissanceRe Holdings stock. The shares were sold at an average price of $119.47, for a total transaction of $179,205.00.

Shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) opened at 131.82 on Thursday. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 11.20 and a beta of 0.46. RenaissanceRe Holdings Ltd. has a 52-week low of $107.27 and a 52-week high of $132.12. The firm has a 50-day moving average of $123.79 and a 200 day moving average of $118.18.

RenaissanceRe Holdings (NYSE:RNR) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $2.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.30. The business had revenue of $442.47 million for the quarter, compared to analyst estimates of $488.38 million. RenaissanceRe Holdings had a net margin of 30.02% and a return on equity of 8.54%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. Analysts predict that RenaissanceRe Holdings Ltd. will post $6.48 EPS for the current year.

Insider Buying and Selling by Quarter for RenaissanceRe Holdings (NYSE:RNR)

A number of research firms recently issued reports on RNR. Goldman Sachs Group Inc. upgraded shares of RenaissanceRe Holdings from a “sell” rating to a “neutral” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of RenaissanceRe Holdings from a “sell” rating to a “hold” rating in a research note on Friday, October 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of RenaissanceRe Holdings from $130.00 to $134.00 and gave the company a “market perform” rating in a research note on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $119.14.

Several hedge funds have recently made changes to their positions in RNR. Walleye Trading LLC acquired a new stake in shares of RenaissanceRe Holdings during the second quarter worth approximately $125,000. Seven Eight Capital LLC acquired a new stake in shares of RenaissanceRe Holdings during the first quarter worth approximately $192,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of RenaissanceRe Holdings during the second quarter worth approximately $200,000. BTC Capital Management Inc. raised its stake 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 worth $216,000 after buying an additional 148 shares in the last quarter. Finally, Gideon Capital Advisors Inc. acquired a new stake in shares of RenaissanceRe Holdings during the second quarter worth approximately $227,000. 94.07% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:RNR

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