RenaissanceRe Holdings Ltd’s recent filing unveils that its EVP,Chief Underwriting Officer Marra David E unloaded Company’s shares for reported $0.18 million on Mar 15 ’24. In the deal valued at $239.00 per share,750 shares were sold. As a result of this transaction, Marra David E now holds 86,544 shares worth roughly $18.61 million.
Then, Sanders Carol P sold 880 shares, generating $200,281 in total proceeds. Upon selling the shares at $227.59, the Director now owns 5,363 shares.
Before that, Qutub Robert sold 2,500 shares. RenaissanceRe Holdings Ltd shares valued at $586,411 were divested by the EVP, Chief Financial Officer at a price of $234.56 per share. As a result of the transaction, Qutub Robert now holds 70,424 shares, worth roughly $15.14 million.
TD Cowen initiated its RenaissanceRe Holdings Ltd [RNR] rating to a Market perform in a research note published recently. Evercore ISI began covering RNR with “an Underperform” recommendation on December 14, 2023. Citigroup started covering the stock on November 22, 2023. It rated RNR as “a Buy”.
Price Performance Review of RNR
On Tuesday, RenaissanceRe Holdings Ltd [NYSE:RNR] saw its stock jump 0.68% to $215.04. Over the last five days, the stock has lost -2.46%. RenaissanceRe Holdings Ltd shares have risen nearly 9.71% since the year began. Nevertheless, the stocks have risen 6.82% over the past one year. While a 52-week high of $239.42 was reached on 03/15/24, a 52-week low of $174.22 was recorded on 01/02/24. SMA at 50 days reached $227.88, while 200 days put it at $208.04. A total of 0.25 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For RNR Stock
The 24-hour chart illustrates a support level at 213.42, which if violated will result in even more drops to 211.81. On the upside, there is a resistance level at 216.63. A further resistance level may holdings at 218.23. The Relative Strength Index (RSI) on the 14-day chart is 32.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.33%. Stochastics %K at 4.05% indicates the stock is a buying.
The most recent change occurred on September 08, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $242 price target.
