Renaissancere Holdings Ltd (RNR) Files Form 4 Insider Selling : Kevin Odonnell Sells 10,000 Shares

Renaissancere Holdings Ltd (RNR): Kevin Odonnell , Pres & Chief Executive Officer of Renaissancere Holdings Ltd sold 10,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $115.23 per share for a total value of $1,152,300.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Rider Fonner Todd (SVP & CIO) sold 1,500 shares at $115.21 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.

Shares of RenaissanceRe Holdings Ltd. (RNR) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.94 points or -0.81% at $114.94 with 1,64,516 shares getting traded. Post opening the session at $115.83, the shares hit an intraday low of $114.86 and an intraday high of $116.415 and the price vacillated in this range throughout the day. The company has a market cap of $4,953 M and the number of outstanding shares has been calculated to be 4,30,95,065 shares. The 52-week high of RenaissanceRe Holdings Ltd. is $121.38 and the 52-week low is $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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RenaissanceRe Holdings Ltd. - Is it time to Sell?

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