David Marra, Executive Vice President and Chief Underwriting Officer at RenaissanceRe Holdings Ltd (RNR, Financial), sold 1,000 shares of the company on November 14, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 80,392 shares of the company.
RenaissanceRe Holdings Ltd, a global provider of reinsurance and insurance, specializes in matching well-structured risks with efficient sources of capital. The company is known for its leadership in property catastrophe and specialty reinsurance and certain insurance markets.
Over the past year, David Marra has sold a total of 9,000 shares and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 15 insider sells and no insider buys over the last year.
On the date of the latest transaction, shares of RenaissanceRe Holdings Ltd were priced at $260, resulting in a market cap of approximately $13.35 billion. The company's price-earnings ratio stands at 3.70, significantly lower than the industry median of 11.25 and below the company’s historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $293.52, suggesting that RenaissanceRe Holdings Ltd is modestly undervalued with a price-to-GF-Value ratio of 0.89.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
