Director Carol Sanders Sells Shares of RenaissanceRe Holdings Ltd
Director Carol Sanders executed a sale of 880 shares of RenaissanceRe Holdings Ltd (NYSE:RNR) on February 12, 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 2,395 shares of the company and has not made any purchases. The recent transaction reflects a continuation of this selling trend.
The insider transaction history for RenaissanceRe Holdings Ltd shows a pattern of more insider sales than buys over the past year, with 1 insider buy and 7 insider sells recorded.
On the date of the insider's recent sale, shares of RenaissanceRe Holdings Ltd were trading at $227.59, giving the company a market capitalization of $12.023 billion.
The stock's price-earnings ratio stands at 4.45, which is below both the industry median of 11.85 and the company's historical median price-earnings ratio.
With the current share price of $227.59 and a GuruFocus Value of $273.33, the price-to-GF-Value ratio is 0.83, 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, 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.
This article first appeared on GuruFocus.
