Robert Qutub, EVP and CFO of RenaissanceRe Holdings Ltd (RNR, Financial), executed a sale of 2,500 shares in the company on February 7, 2024, according to a recent SEC Filing. RenaissanceRe Holdings Ltd is a global provider of reinsurance and insurance to cover the risk of natural and man-made catastrophes. It is also involved in related business activities, including investment management.
Over the past year, the insider has sold a total of 10,000 shares and has not made any purchases of the company's stock.
Insider Trends
The transaction history for insiders at RenaissanceRe Holdings Ltd indicates a pattern of 1 insider buy and 6 insider sells over the past year.
Valuation
On the date of the insider's recent transaction, shares of RenaissanceRe Holdings Ltd were priced at $234.56, resulting in a market capitalization of $11,905.657 billion.
The company's price-earnings ratio stands at 4.41, which is below both the industry median of 11.555 and the historical median price-earnings ratio for the company.
With the current share price of $234.56 and a GuruFocus Value of $272.51, the price-to-GF-Value ratio is 0.86, suggesting that RenaissanceRe Holdings Ltd is Modestly Undervalued according to its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, 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.
