Third Point Reinsurance (NYSE:TPRE)‘s stock had its “hold” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday. They currently have a $19.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 22.19% from the stock’s previous close.

A number of other research firms also recently issued reports on TPRE. Morgan Stanley lifted their target price on Third Point Reinsurance from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, October 5th. ValuEngine upgraded Third Point Reinsurance from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Finally, BidaskClub upgraded Third Point Reinsurance from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.

Third Point Reinsurance (TPRE) traded down $0.20 during trading hours on Wednesday, hitting $15.55. The company had a trading volume of 508,677 shares, compared to its average volume of 670,516. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1,690.00, a P/E ratio of 9.20, a P/E/G ratio of 0.37 and a beta of 1.27. Third Point Reinsurance has a twelve month low of $11.05 and a twelve month high of $17.10.

In related news, major shareholder Tp Holdings L.P. Kia sold 15,000,000 shares of Third Point Reinsurance stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $15.57, for a total transaction of $233,550,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 36.93% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its holdings in shares of Third Point Reinsurance by 3.2% during the first quarter. Teachers Advisors LLC now owns 137,380 shares of the insurance provider’s stock worth $1,662,000 after acquiring an additional 4,251 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Third Point Reinsurance by 3.0% during the first quarter. Geode Capital Management LLC now owns 457,365 shares of the insurance provider’s stock worth $5,534,000 after acquiring an additional 13,132 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Third Point Reinsurance by 52.9% during the first quarter. Dimensional Fund Advisors LP now owns 779,205 shares of the insurance provider’s stock worth $9,428,000 after acquiring an additional 269,525 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Third Point Reinsurance by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 272,790 shares of the insurance provider’s stock worth $3,301,000 after acquiring an additional 13,266 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Third Point Reinsurance by 284.0% during the second quarter. Russell Investments Group Ltd. now owns 268,566 shares of the insurance provider’s stock worth $3,733,000 after acquiring an additional 198,624 shares during the period. Institutional investors and hedge funds own 74.59% 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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