Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) – Langen Mcalenn issued their Q4 2017 EPS estimates for shares of Greenlight Reinsurance in a note issued to investors on Monday. Langen Mcalenn analyst R. Glasspiegel expects that the financial services provider will post earnings of $0.58 per share for the quarter. Langen Mcalenn also issued estimates for Greenlight Reinsurance’s Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.45 EPS.

Greenlight Reinsurance (NASDAQ:GLRE) last released its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.26). Greenlight Reinsurance had a net margin of 5.91% and a return on equity of 4.74%. The business had revenue of $236.15 million for the quarter, compared to analysts’ expectations of $200.80 million.

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A number of other equities research analysts also recently commented on the company. BidaskClub downgraded Greenlight Reinsurance from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded Greenlight Reinsurance from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, ValuEngine raised Greenlight Reinsurance from a “hold” rating to a “buy” rating in a report on Friday, July 7th.

In related news, Director Leonard R. Goldberg sold 1,754 shares of Greenlight Reinsurance stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $22.76, for a total transaction of $39,921.04. Following the completion of the transaction, the director now directly owns 170,021 shares in the company, valued at $3,869,677.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sherry Diaz sold 3,055 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $23.00, for a total value of $70,265.00. Following the completion of the sale, the insider now owns 33,500 shares of the company’s stock, valued at $770,500. The disclosure for this sale can be found here. 21.81% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors increased its position in shares of Greenlight Reinsurance by 72.0% in the second quarter. Nationwide Fund Advisors now owns 38,808 shares of the financial services provider’s stock valued at $811,000 after buying an additional 16,240 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Greenlight Reinsurance by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,792,332 shares of the financial services provider’s stock valued at $39,611,000 after buying an additional 156,858 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Greenlight Reinsurance by 10.4% in the first quarter. Teachers Advisors LLC now owns 55,492 shares of the financial services provider’s stock valued at $1,226,000 after buying an additional 5,238 shares in the last quarter. AXA increased its position in shares of Greenlight Reinsurance by 81.4% in the second quarter. AXA now owns 30,751 shares of the financial services provider’s stock valued at $643,000 after buying an additional 13,800 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its position in shares of Greenlight Reinsurance by 0.6% in the second quarter. Fiduciary Management Inc. WI now owns 2,065,537 shares of the financial services provider’s stock valued at $43,170,000 after buying an additional 11,692 shares in the last quarter. Institutional investors and hedge funds own 45.48% of the company’s stock.

Greenlight Reinsurance Company Profile

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.

Earnings History and Estimates for Greenlight Reinsurance (NASDAQ:GLRE)

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