Renaissancere Holdings Ltd (RNR) Files Form 4 Insider Selling : Rider Fonner Todd Sells 1,500 Shares

Renaissancere Holdings Ltd (RNR): Rider Fonner Todd , SVP & CIO of Renaissancere Holdings Ltd sold 1,500 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $115.21 per share for a total value of $172,815.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Rider Fonner Todd (SVP & CIO) sold 1,500 shares at $111.01 per share price.On Feb 18, 2016, William Francis Hagerty (director) purchased 2,000 shares at $113.23 per share price.Also, On Feb 3, 2016, Kevin Odonnell (Pres & Chief Executive Officer) sold 2,000 shares at $114.02 per share price.On Dec 31, 2015, Ian D Branagan (SVP, Chief Risk Officer) sold 3,666 shares at $115.01 per share price.

RenaissanceRe Holdings Ltd.: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in RenaissanceRe Holdings Ltd. which led to swings in the share price. The shares opened for trading at $115.21 and hit $116.245 on the upside , eventually ending the session at $115.99, with a gain of 0.42% or 0.48 points. The heightened volatility saw the trading volume jump to 1,61,371 shares. The 52-week high of the share price is $121.38 and the company has a market cap of $4,999 M . The 52-week low of the share price is at $99.35.

RenaissanceRe Holdings Ltd. Money Flow Index Chart

On May 16, 2016, RenaissanceRe Holdings Ltd. announced a cash dividend of $0.3100. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.

Company has been under the radar of several Street Analysts.RenaissanceRe Holdings Ltd. is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 28, 2016.

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Company’s core products include property catastrophe reinsurance specialty reinsurance risks and certain insurance products. Its operating segments include Catastrophe Reinsurance Specialty Reinsurance and Lloyd’s. Catastrophe Reinsurance offers coverage against natural catastrophes such as earthquakes hurricanes and tsunamis as well as other natural and manmade catastrophes. Specialty Reinsurance offers coverage in aviation casualty clash catastrophe exposed personal lines property. Lloyd’s underwriting platform provides access to Lloyd’s distribution network. Property catastrophe reinsurance is written for own account for DaVinci and for other joint ventures. It writes specialty reinsurance for own account and for DaVinci covering certain targeted classes of business. The Lloyd’s segment includes insurance and reinsurance business written for own account through Syndicate 1458.

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