RenaissanceRe Holdings Ltd. (NYSE:RNR) CEO Kevin Odonnell sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $131.65, for a total transaction of $658,250.00. Following the completion of the transaction, the chief executive officer now owns 190,707 shares of the company’s stock, valued at approximately $25,106,576.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kevin Odonnell also recently made the following trade(s):

  • On Wednesday, November 1st, Kevin Odonnell sold 5,000 shares of RenaissanceRe stock. The stock was sold at an average price of $135.58, for a total transaction of $677,900.00.
  • On Monday, October 2nd, Kevin Odonnell sold 5,000 shares of RenaissanceRe stock. The stock was sold at an average price of $134.89, for a total transaction of $674,450.00.

RenaissanceRe Holdings Ltd. (NYSE RNR) opened at $129.34 on Wednesday. RenaissanceRe Holdings Ltd. has a 1 year low of $120.55 and a 1 year high of $152.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.66 and a current ratio of 1.66.

RenaissanceRe (NYSE:RNR) last released its quarterly earnings results on Tuesday, October 31st. The insurance provider reported ($13.81) earnings per share for the quarter, missing the consensus estimate of ($12.25) by ($1.56). RenaissanceRe had a negative return on equity of 5.82% and a negative net margin of 7.60%. The company had revenue of $483.22 million for the quarter, compared to analyst estimates of $300.46 million. During the same quarter last year, the company earned $2.09 EPS. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. equities research analysts expect that RenaissanceRe Holdings Ltd. will post -7.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. RenaissanceRe’s dividend payout ratio (DPR) is presently -28.76%.

RenaissanceRe declared that its board has authorized a stock repurchase program on Friday, November 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have weighed in on RNR. BidaskClub downgraded shares of RenaissanceRe from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. UBS upped their price target on shares of RenaissanceRe from $135.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Zacks Investment Research upgraded shares of RenaissanceRe from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Wells Fargo & Company set a $140.00 price target on shares of RenaissanceRe and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Citigroup upgraded shares of RenaissanceRe from a “neutral” rating to a “buy” rating and upped their price target for the stock from $151.00 to $157.00 in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. RenaissanceRe has a consensus rating of “Hold” and an average target price of $148.38.

A number of hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its holdings in RenaissanceRe by 53,631.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,290,632 shares of the insurance provider’s stock valued at $179,463,000 after acquiring an additional 1,288,230 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in RenaissanceRe by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,217,939 shares of the insurance provider’s stock valued at $169,360,000 after acquiring an additional 12,882 shares during the last quarter. APG Asset Management N.V. raised its holdings in RenaissanceRe by 41.3% in the 3rd quarter. APG Asset Management N.V. now owns 970,002 shares of the insurance provider’s stock valued at $131,086,000 after acquiring an additional 283,300 shares during the last quarter. Northern Trust Corp raised its holdings in RenaissanceRe by 0.6% in the 2nd quarter. Northern Trust Corp now owns 808,306 shares of the insurance provider’s stock valued at $112,395,000 after acquiring an additional 4,468 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in RenaissanceRe by 6.7% in the 2nd quarter. TimesSquare Capital Management LLC now owns 803,900 shares of the insurance provider’s stock valued at $111,782,000 after acquiring an additional 50,400 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

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RenaissanceRe Company Profile

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services to a range of customers. The Company’s products include property, casualty and specialty reinsurance and certain insurance products principally distributed through intermediaries. Its segments include Property; Casualty and Specialty, and Other category.

Insider Buying and Selling by Quarter for RenaissanceRe (NYSE:RNR)

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