Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Equities research analysts at Langen Mcalenn raised their FY2017 earnings per share (EPS) estimates for Greenlight Capital Re in a research report issued to clients and investors on Tuesday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will earn ($0.75) per share for the year, up from their prior estimate of ($0.95). Langen Mcalenn also issued estimates for Greenlight Capital Re’s Q4 2017 earnings at ($0.55) EPS and FY2018 earnings at $2.57 EPS.

A number of other research firms have also recently weighed in on GLRE. Zacks Investment Research upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, November 28th. TheStreet upgraded Greenlight Capital Re from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. ValuEngine cut Greenlight Capital Re from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, BidaskClub cut Greenlight Capital Re from a “hold” rating to a “sell” rating in a research note on Friday, December 15th.

Shares of Greenlight Capital Re (NASDAQ:GLRE) opened at $21.05 on Thursday. Greenlight Capital Re has a 52 week low of $19.70 and a 52 week high of $24.10. The firm has a market capitalization of $763.75, a price-to-earnings ratio of 19.14 and a beta of 0.77.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.26). Greenlight Capital Re had a net margin of 5.91% and a return on equity of 4.74%. The business had revenue of $236.15 million during the quarter, compared to analyst estimates of $200.80 million.

A number of institutional investors have recently bought and sold shares of GLRE. SG Americas Securities LLC acquired a new stake in Greenlight Capital Re in the second quarter valued at $113,000. Stevens Capital Management LP acquired a new stake in Greenlight Capital Re in the third quarter valued at $270,000. Advisory Services Network LLC raised its stake in Greenlight Capital Re by 22.1% in the second quarter. Advisory Services Network LLC now owns 13,113 shares of the financial services provider’s stock valued at $274,000 after buying an additional 2,370 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Greenlight Capital Re by 12.9% during the second quarter. Voya Investment Management LLC now owns 15,340 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Greenlight Capital Re by 86.3% during the third quarter. Russell Investments Group Ltd. now owns 17,181 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 7,959 shares in the last quarter. Institutional investors own 46.96% of the company’s stock.

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Greenlight Capital Re 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.

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