Insider Trading Alert - RenaissanceRe Holdings And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Oct. 1, 2013, 71 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $4.49 to $3,242,400,000.00.

Highlighted Stocks Traded by Insiders:

RenaissanceRe Holdings (RNR) - FREE Research Report

Todd Rider Fonner who is Svp & Cio at RenaissanceRe Holdings sold 2,000 shares at $90.62 on Oct. 1, 2013. Following this transaction, the Svp & Cio owned 68,829 shares meaning that the stake was reduced by 2.82% with the 2,000 share transaction.

The shares most recently traded at $91.71, up $1.09, or 1.19% since the insider transaction. Historical insider transactions for RenaissanceRe Holdings go as follows:

  • 4-Week # shares sold: 18,000
  • 12-Week # shares sold: 48,000
  • 24-Week # shares sold: 74,144

The average volume for RenaissanceRe Holdings has been 418,400 shares per day over the past 30 days. RenaissanceRe Holdings has a market cap of $4.0 billion and is part of the financial sector and insurance industry. Shares are up 10.74% year to date as of the close of trading on Tuesday.

RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. The stock currently has a dividend yield of 1.24%. The company has a P/E ratio of 9.6. Currently there are 5 analysts that rate RenaissanceRe Holdings a buy, no analysts rate it a sell, and 7 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on RNR - FREE

TheStreet Quant Ratings rates RenaissanceRe Holdings as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full RenaissanceRe Holdings Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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