Insider Selling: Peter Durhager Sells 3,785 Shares of RenaissanceRe Holdings Stock (RNR)
RenaissanceRe Holdings (NYSE:RNR) EVP Peter Durhager unloaded 3,785 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $89.98, for a total transaction of $340,574.30. Following the transaction, the executive vice president now directly owns 66,720 shares in the company, valued at approximately $6,003,466. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RNR. Analysts at Zacks reiterated a “neutral” rating on shares of RenaissanceRe Holdings (NYSE:RNR) in a research note to investors on Wednesday, July 31st. They now have a $93.00 price target on the stock. Separately, analysts at Sanford C. Bernstein downgraded shares of RenaissanceRe Holdings (NYSE:RNR) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, July 9th. They now have a $90.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $92.33.
RenaissanceRe Holdings (NYSE:RNR) traded down 0.28% on Thursday, hitting $90.08. 223,034 shares of the company’s stock traded hands. RenaissanceRe Holdings has a 52 week low of $75.29 and a 52 week high of $95.00. The stock’s 50-day moving average is $87.08 and its 200-day moving average is $88.20. The company has a market cap of $4.018 billion and a price-to-earnings ratio of 9.66.
RenaissanceRe Holdings (NYSE:RNR) last released its earnings data on Tuesday, July 30th. The company reported $2.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.34 by $0.17. The company had revenue of $252.99 million for the quarter, compared to the consensus estimate of $307.08 million. During the same quarter in the previous year, the company posted $2.14 earnings per share. The company’s revenue for the quarter was down 18.5% on a year-over-year basis.
RenaissanceRe Holdings Ltd. (NYSE:RNR) is a global provider of reinsurance and insurance coverages and related services.
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