Third Point Reinsurance Ltd. (TPRE) Scheduled to Post Quarterly Earnings on Wednesday
Third Point Reinsurance Ltd. (NYSE:TPRE) is set to announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.70 per share for the quarter.
Third Point Reinsurance Ltd. (NYSE TPRE) opened at 14.60 on Wednesday. The company has a 50-day moving average price of $13.86 and a 200-day moving average price of $12.47. The firm has a market capitalization of $1.53 billion, a P/E ratio of 8.46 and a beta of 1.22. Third Point Reinsurance Ltd. has a 1-year low of $11.05 and a 1-year high of $14.65.
A number of research firms have weighed in on TPRE. TheStreet raised shares of Third Point Reinsurance from a “c” rating to a “b-” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Saturday, July 8th. BidaskClub upgraded shares of Third Point Reinsurance from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Keefe, Bruyette & Woods upgraded shares of Third Point Reinsurance from a “mkt perform” rating to an “outperform” rating in a report on Monday, May 15th. Finally, ValuEngine downgraded shares of Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.00.
In other news, insider Daniel V. Malloy sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $12.65, for a total transaction of $253,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Christopher S. Coleman sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $13.00, for a total transaction of $65,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,000 shares of company stock worth $1,510,550. Insiders own 36.93% of the company’s stock.
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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’s segments include Property and Casualty Reinsurance, and Corporate. The Company’s investable assets are managed by its investment manager, Third Point LLC.
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