David Marra, EVP, Chief Underwriting Officer of RenaissanceRe Holdings Ltd (NYSE:RNR), has sold 750 shares of the company on March 15, 2024, according to a recent SEC filing. The transaction was executed at an average price of $239 per share, resulting in a total value of $179,250.
RenaissanceRe Holdings Ltd is a global provider of reinsurance and insurance to cover the risk of natural and man-made catastrophes. It is a leader in matching well-structured risk with efficient capital and is known for its rigorous approach to underwriting and risk management.
Over the past year, the insider has sold a total of 3,500 shares of RenaissanceRe Holdings Ltd and has not made any purchases of the stock. The recent sale by the insider is part of a series of transactions that have taken place over the last year.
The insider transaction history for RenaissanceRe Holdings Ltd shows a pattern of insider selling, with 7 insider sells and only 1 insider buy over the past year.
On the day of the insider's recent sale, shares of RenaissanceRe Holdings Ltd were trading at $239, giving the company a market capitalization of $12.51 billion. The stock's price-earnings ratio stands at 4.63, which is below both the industry median of 12.29 and the company's historical median price-earnings ratio.
Based on a current price of $239 and a GuruFocus Value of $277.39, RenaissanceRe Holdings Ltd has a price-to-GF-Value ratio of 0.86, indicating that the stock is considered Modestly Undervalued according to GuruFocus's valuation model.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's 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.
