RenaissanceRe Holdings SVP Jonathan Paradine Sells 8,529 Shares (RNR)
RenaissanceRe Holdings (NYSE:RNR) SVP Jonathan Paradine unloaded 8,529 shares of the stock on the open market in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $91.77, for a total value of $782,706.33. Following the completion of the sale, the senior vice president now directly owns 48,386 shares in the company, valued at approximately $4,440,383. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of RenaissanceRe Holdings (NYSE:RNR) traded up 0.57% on Friday, hitting $92.10. 211,278 shares of the company’s stock traded hands. RenaissanceRe Holdings has a one year low of $76.03 and a one year high of $95.00. The stock’s 50-day moving average is $88.31 and its 200-day moving average is $88.. The company has a market cap of $4.108 billion and a P/E ratio of 9.79.
RenaissanceRe Holdings (NYSE:RNR) last announced its earnings results on Tuesday, July 30th. The company reported $2.17 earnings per share (EPS) for the quarter, missing the 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.
A number of analysts have recently weighed in on RNR shares. Analysts at Zacks reiterated a “neutral” rating on shares of RenaissanceRe Holdings (NYSE:RNR) in a research note to investors on Friday. They now have a $96.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of RenaissanceRe Holdings (NYSE:RNR) from $104.00 to $107.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Two 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $93.33.
RenaissanceRe Holdings Ltd. (NYSE:RNR) is a global provider of reinsurance and insurance coverages and related services.
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