David Marra, Executive Vice President and Chief Underwriting Officer of RenaissanceRe Holdings Ltd (RNR, Financial), sold 1,000 shares of the company on October 4, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 82,044 shares of the company.
RenaissanceRe Holdings Ltd is a global provider of reinsurance and insurance solutions, specializing in matching well-structured risks with efficient capital. The company operates through various segments, including Property, Casualty and Specialty, and other categories, focusing on offering innovative products and responsive service.
Over the past year, David Marra has sold a total of 8,000 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within the company, where there have been 14 insider sells and no insider buys over the past year.
On the date of the latest transaction, shares of RenaissanceRe Holdings Ltd were trading at $279 each. This pricing gives the company a market cap of approximately $14.59 billion.
The price-earnings ratio of RenaissanceRe Holdings Ltd stands at 5.53, which is lower than the industry median of 11.465 and also below the company's historical median. This valuation metric suggests a potentially undervalued stock in comparison to its peers.
According to the GF Value, the intrinsic value of the stock is estimated at $265.34, leading to a price-to-GF-Value ratio of 1.05. This indicates that the stock is Fairly Valued.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and supplemented by future business performance estimates from Morningstar analysts.
This insider sale might draw attention from current and potential investors, considering the insider's significant remaining stake and the company's stable valuation metrics.
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.
