David Marra, EVP, Chief Underwriting Officer of RenaissanceRe Holdings Ltd (RNR, Financial), executed a sale of 750 shares in the company on January 31, 2024, according to a recent SEC filing. The transaction was carried out at an average price of $229 per share, resulting in a total value of $171,750.
RenaissanceRe Holdings Ltd is a global provider of reinsurance and insurance solutions, specializing in matching well-structured risk with efficient capital. The company operates through various segments, including Property, Casualty and Specialty, and other categories, offering its clients and policyholders with innovative products and responsive service.
Over the past year, the insider has sold a total of 2,750 shares of RenaissanceRe Holdings Ltd and has not made any purchase of the company's shares.
The insider transaction history at RenaissanceRe Holdings Ltd indicates a pattern of more insider sales than buys over the past year, with 1 insider buy and 5 insider sells recorded.
On the date of the insider's recent transaction, shares of RenaissanceRe Holdings Ltd were trading at $229, giving the company a market capitalization of $11.921 billion.
The stock's price-earnings ratio stands at 4.42, which is below the industry median of 11.535 and also below the company's historical median price-earnings ratio.
With the current share price of $229 and a GuruFocus Value of $270.54, RenaissanceRe Holdings Ltd has a price-to-GF-Value ratio of 0.85, indicating that the stock is considered Modestly Undervalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
