The Brook Lvr L.P. Pine Sells 31,055 Shares of Third Point Reinsurance Ltd. (TPRE) Stock

The Brook Lvr L.P. Pine Sells 31,055 Shares of Third Point Reinsurance Ltd. (TPRE) Stock

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.

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