RenaissanceRe Holdings Ltd. (NYSE:RNR) CEO Kevin Odonnell sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $119.33, for a total transaction of $357,990.00. Following the completion of the sale, the chief executive officer now owns 267,944 shares in the company, valued at $31,973,757.52. The transaction was disclosed in a filing with the SEC, which is available through this link.
Kevin Odonnell also recently made the following trade(s):
- On Tuesday, September 6th, Kevin Odonnell sold 3,000 shares of RenaissanceRe Holdings stock. The stock was sold at an average price of $120.28, for a total transaction of $360,840.00.
- On Tuesday, August 2nd, Kevin Odonnell sold 3,000 shares of RenaissanceRe Holdings stock. The stock was sold at an average price of $116.97, for a total transaction of $350,910.00.
RenaissanceRe Holdings Ltd. (NYSE:RNR) traded down 1.20% during trading on Wednesday, hitting $120.41. 411,342 shares of the company traded hands. The company’s 50 day moving average is $119.27 and its 200-day moving average is $116.50. The stock has a market capitalization of $4.96 billion, a PE ratio of 12.21 and a beta of 0.49. RenaissanceRe Holdings Ltd. has a 52 week low of $107.27 and a 52 week high of $122.97.
RenaissanceRe Holdings (NYSE:RNR) last announced its earnings results on Tuesday, July 26th. The company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by $0.37. The business had revenue of $483.30 million for the quarter, compared to the consensus estimate of $410.83 million. RenaissanceRe Holdings had a net margin of 27.26% and a return on equity of 9.41%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.18 earnings per share. Analysts predict that RenaissanceRe Holdings Ltd. will post $7.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.24 annualized dividend and a yield of 1.03%. RenaissanceRe Holdings’s dividend payout ratio (DPR) is 12.50%.
Several research firms have issued reports on RNR. Citigroup Inc. reiterated a “neutral” rating on shares of RenaissanceRe Holdings in a research note on Tuesday, June 21st. Keefe, Bruyette & Woods cut shares of RenaissanceRe Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, July 11th. Finally, Zacks Investment Research cut shares of RenaissanceRe Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $119.14.
Hedge funds have recently made changes to their positions in the stock. Walleye Trading LLC acquired a new stake in shares of RenaissanceRe Holdings during the second quarter valued at about $125,000. Seven Eight Capital LLC purchased a new position in RenaissanceRe Holdings during the first quarter worth $192,000. Chevy Chase Trust Holdings Inc. purchased a new position in RenaissanceRe Holdings during the second quarter worth $200,000. BTC Capital Management Inc. raised its position in RenaissanceRe Holdings by 8.8% in the second quarter. BTC Capital Management Inc. now owns 1,823 shares of the company’s stock worth $216,000 after buying an additional 148 shares during the last quarter. Finally, Gideon Capital Advisors Inc. purchased a new position in RenaissanceRe Holdings during the second quarter worth $227,000. Institutional investors own 94.78% of the company’s stock.
About RenaissanceRe Holdings
RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Company’s core products include property catastrophe reinsurance and specialty reinsurance risks. The Company’s segments include Catastrophe Reinsurance, Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance includes catastrophe reinsurance and certain property catastrophe joint ventures managed by the Company’s ventures unit.
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