Insider Sell: EVP, Chief Underwriting Officer David Marra Sells 1,000 Shares of RenaissanceRe ...
David Marra, EVP, Chief Underwriting Officer of RenaissanceRe Holdings Ltd (NYSE:RNR), executed a sale of 1,000 shares in the company on January 17, 2024. The transaction was filed with the SEC and can be found through this 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 2,000 shares and has not made any purchases. The recent transaction reflects a continuation of this selling trend.
The insider transaction history for RenaissanceRe Holdings Ltd indicates a pattern of more insider sales than buys over the past year, with 1 insider buy and 4 insider sells recorded.
On the date of the insider's recent transaction, shares of RenaissanceRe Holdings Ltd were trading at $209.05, giving the company a market capitalization of $11.02 billion.
The stock's price-earnings ratio stands at 6.76, which is below both the industry median of 11.33 and the company's historical median price-earnings ratio.
With the current share price of $209.05 and a GuruFocus Value of $254.17, the price-to-GF-Value ratio is 0.82, suggesting that RenaissanceRe Holdings Ltd is modestly undervalued according to GuruFocus's valuation model.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above provides a visual representation of the insider buying and selling activities over the past year.
The GF Value image above illustrates the stock's valuation relative to its intrinsic value estimate as per GuruFocus's methodology.
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.
