Greenlight Capital Re (NASDAQ:GLRE) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Greenlight Capital Re from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Zacks Investment Research upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, November 28th. Finally, TheStreet upgraded Greenlight Capital Re from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st.

Greenlight Capital Re (GLRE) opened at $21.25 on Friday. Greenlight Capital Re has a 52-week low of $19.70 and a 52-week high of $24.00. The company has a market capitalization of $793.62, a PE ratio of 19.32 and a beta of 0.77.

Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Monday, October 30th. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.26). The business had revenue of $236.15 million for the quarter, compared to analysts’ expectations of $200.80 million. Greenlight Capital Re had a return on equity of 4.74% and a net margin of 5.91%. research analysts anticipate that Greenlight Capital Re will post -0.75 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Greenlight Capital Re by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 22,861 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 649 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Greenlight Capital Re by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 117,135 shares of the financial services provider’s stock worth $2,449,000 after purchasing an additional 665 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Greenlight Capital Re by 1.1% during the second quarter. Goldman Sachs Group Inc. now owns 94,232 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 998 shares during the last quarter. Rhumbline Advisers lifted its stake in Greenlight Capital Re by 3.3% during the second quarter. Rhumbline Advisers now owns 35,787 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in 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 during the last quarter. Hedge funds and other 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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