Third Point Reinsurance Ltd. (NYSE:TPRE) major shareholder Brook Lvr L.P. Pine sold 31,055 shares of Third Point Reinsurance stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $11.30, for a total value of $350,921.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Brook Lvr L.P. Pine also recently made the following trade(s):
Shares of Third Point Reinsurance Ltd. (NYSE:TPRE) traded up 0.45% during midday trading on Wednesday, reaching $11.25. The company had a trading volume of 187,437 shares. The company has a 50 day moving average of $11.77 and a 200 day moving average of $12.20. The company has a market capitalization of $1.19 billion, a PE ratio of 10.15 and a beta of 1.18. Third Point Reinsurance Ltd. has a one year low of $10.08 and a one year high of $13.03.
Third Point Reinsurance (NYSE:TPRE) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.10. Third Point Reinsurance had a return on equity of 8.30% and a net margin of 15.99%. Analysts predict that Third Point Reinsurance Ltd. will post $0.21 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Third Point Reinsurance from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 6th. J P Morgan Chase & Co reiterated a “hold” rating and issued a $15.00 price target on shares of Third Point Reinsurance in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.25.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Third Point Reinsurance during the third quarter valued at $110,000. Stevens Capital Management LP purchased a new position in shares of Third Point Reinsurance during the second quarter valued at $125,000. Nomura Holdings Inc. bought a new stake in Third Point Reinsurance during the second quarter valued at about $131,000. LMR Partners LLP bought a new stake in Third Point Reinsurance during the second quarter valued at about $153,000. Finally, Quantitative Systematic Strategies LLC increased its stake in Third Point Reinsurance by 4.8% in the second quarter. Quantitative Systematic Strategies LLC now owns 14,397 shares of the company’s stock valued at $163,000 after buying an additional 654 shares in the last quarter. 71.52% of the stock is owned by institutional investors and hedge funds.
About Third Point Reinsurance
Third Point Reinsurance Ltd. is a holding company. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company operates through two segments: Property and Casualty Reinsurance, and Catastrophe Risk Management.