Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Zacks has also given Greenlight Reinsurance an industry rank of 191 out of 265 based on the ratings given to related companies.

GLRE has been the topic of several research analyst reports. ValuEngine cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, TheStreet raised Greenlight Reinsurance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Greenlight Reinsurance during the 2nd quarter valued at $113,000. Stevens Capital Management LP bought a new stake in Greenlight Reinsurance during the 3rd quarter valued at $270,000. Advisory Services Network LLC boosted its position in Greenlight Reinsurance by 22.1% during the 2nd quarter. Advisory Services Network LLC now owns 13,113 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 2,370 shares in the last quarter. Aperio Group LLC boosted its position in Greenlight Reinsurance by 44.5% during the 2nd quarter. Aperio Group LLC now owns 13,926 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 4,288 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in Greenlight Reinsurance by 12.9% during the 2nd quarter. Voya Investment Management LLC now owns 15,340 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 1,752 shares in the last quarter. 46.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Greenlight Reinsurance (GLRE) traded down $0.45 during trading hours on Wednesday, reaching $21.95. The company had a trading volume of 169,100 shares, compared to its average volume of 121,368. Greenlight Reinsurance has a 52 week low of $19.70 and a 52 week high of $24.10. The company has a market capitalization of $836.57, a PE ratio of 20.36 and a beta of 0.77.

Greenlight Reinsurance (NASDAQ:GLRE) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.26). Greenlight Reinsurance had a return on equity of 4.74% and a net margin of 5.91%. The firm had revenue of $236.15 million during the quarter, compared to the consensus estimate of $200.80 million. research analysts predict that Greenlight Reinsurance will post 0.05 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/12/06/analysts-expect-greenlight-reinsurance-ltd-glre-to-announce-0-24-eps.html.

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.

Get a free copy of the Zacks research report on Greenlight Reinsurance (GLRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Greenlight Reinsurance Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenlight Reinsurance Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.