Shares of RenaissanceRe Holdings Ltd. (RNR) Sees Large Inflow of Net Money Flow

RenaissanceRe Holdings Ltd. (RNR) stock had a bullish inflow of $1.67 million worth of trades on uptick and an outflow of $1.53 million in downticks on Friday. The total uptick to downtick ratio stood at 1.09. The net money flow into the stock was $0.14 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0 million. $0 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, RenaissanceRe Holdings Ltd. (RNR) stock traded down $0.46 , and reached $119.08, a drop of -0.38% over the previous day. On a weekly basis, the stock is 1.8%, over the previous weeks close.


The company Insiders own 2.4% of RenaissanceRe Holdings Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.51% . Institutional Investors own 95.54% of RenaissanceRe Holdings Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -7.15%.

In a related news, The Securities and Exchange Commission has divulged that Branagan Ian D, officer (SVP, Chief Risk Officer) of Renaissancere Holdings Ltd, had unloaded 2,000 shares at an average price of $120 in a transaction dated on September 2, 2016. The total value of the transaction was worth $240,000.

RenaissanceRe Holdings Ltd. (NYSE:RNR): The stock opened at $120 and touched an intraday high of $120.75 on Friday. During the day, the stock corrected to an intraday low of $118.93, however, the bulls stepped in and pushed the price higher to close in the green at $120.59 with a gain of 0.88% for the day. The total traded volume for the day was 262,639. The stock had closed at $119.54 in the previous trading session.

RenaissanceRe Holdings Ltd. (RNR) : Traders are bullish on RenaissanceRe Holdings Ltd. (RNR) as it has outperformed the S&P 500 by a wide margin of 2.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.09% in the last 1 week, and is up 2.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

RenaissanceRe Holdings Ltd. provides reinsurance and insurance coverages and related services. The Companys core products include property catastrophe reinsurance, specialty reinsurance risks and certain insurance products. Its operating segments include Catastrophe Reinsurance, Specialty Reinsurance and Lloyds. 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. Lloyds underwriting platform provides access to Lloyds 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 Lloyds segment includes insurance and reinsurance business written for own account through Syndicate 1458.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *