A RenaissanceRe Holdings Ltd. (NYSE:RNR) insider increased their holdings by 47% last year
From what we can see, insiders were net buyers in RenaissanceRe Holdings Ltd.'s (NYSE:RNR ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for RenaissanceRe Holdings
The Last 12 Months Of Insider Transactions At RenaissanceRe Holdings
Over the last year, we can see that the biggest insider purchase was by Independent Director Brian G. Gray for US$980k worth of shares, at about US$131 per share. We do like to see buying, but this purchase was made at well below the current price of US$195. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
RenaissanceRe Holdings Insiders Are Selling The Stock
The last quarter saw substantial insider selling of RenaissanceRe Holdings shares. In total, Chief Investment Officer & Senior VP Sean Brosnan sold US$160k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.
Does RenaissanceRe Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. RenaissanceRe Holdings insiders own 1.5% of the company, currently worth about US$127m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About RenaissanceRe Holdings Insiders?
An insider hasn't bought RenaissanceRe Holdings stock in the last three months, but there was some selling. On the other hand, the insider transactions over the last year are encouraging. We are also comforted by the high levels of insider ownership. So we're happy to look past recent trading. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing RenaissanceRe Holdings. While conducting our analysis, we found that RenaissanceRe Holdings has 1 warning sign and it would be unwise to ignore it.
Of course RenaissanceRe Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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