RenaissanceRe Holdings Ltd (RNR, Financial), a global provider of reinsurance and insurance to cover the risk of natural and man-made catastrophes, has reported an insider transaction. David Marra, the Executive Vice President and Chief Underwriting Officer, sold 1,000 shares of the company on September 26, 2024. The transaction was filed with the SEC and can be viewed in detail here. Following this sale, the insider now owns 83,044 shares of RenaissanceRe Holdings Ltd.
Over the past year, David Marra has sold a total of 7,000 shares and has not purchased any shares. This recent transaction is part of a broader trend within the company, where there have been 13 insider sells and no insider buys over the past year.
On the day of the sale, shares of RenaissanceRe Holdings Ltd were priced at $269. This valuation places the market cap of the company at approximately $14.05 billion. The price-earnings ratio of RenaissanceRe Holdings Ltd stands at 5.33, which is significantly lower than the industry median of 11.44 and also below the company's historical median.
The stock's GF Value, an intrinsic value estimate from GuruFocus, is calculated at $265.52, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.01. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance or valuation adjustments. RenaissanceRe Holdings Ltd continues to play a significant role in the reinsurance market, navigating through the complexities of global risks.
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.
