Third Point Reinsurance (NYSE:TPRE) will be announcing its earnings results after the market closes on Tuesday, November 6th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter.
TPRE stock opened at $11.04 on Monday. Third Point Reinsurance has a 12-month low of $10.27 and a 12-month high of $17.10. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.10 billion, a P/E ratio of 12.84, a PEG ratio of 3.50 and a beta of 1.15.
TPRE has been the topic of several analyst reports. ValuEngine lowered Third Point Reinsurance from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Zacks Investment Research raised Third Point Reinsurance from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Third Point Reinsurance has an average rating of “Hold” and a consensus price target of $16.75.
In other Third Point Reinsurance news, major shareholder Daniel S. Loeb sold 800,000 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $13.15, for a total value of $10,520,000.00. Following the sale, the insider now directly owns 1,293,591 shares of the company’s stock, valued at $17,010,721.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.10% of the stock is owned by company insiders.
Third Point Reinsurance Company Profile
Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners, workers compensation, personal automobile, mortgage, and multi-line reinsurance; professional, transactional, and general liability reinsurance; and marine, travel, and extended warranty reinsurance products.
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