Dimensional Fund Advisors LP Purchases 156,858 Shares of Greenlight Reinsurance, Ltd. (NASDAQ:GLRE)

Dimensional Fund Advisors LP boosted its stake in Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) by 9.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,792,332 shares of the financial services provider’s stock after buying an additional 156,858 shares during the period. Dimensional Fund Advisors LP owned about 4.79% of Greenlight Reinsurance worth $39,611,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Greenlight Reinsurance by 4.6% in the first quarter. Geode Capital Management LLC now owns 238,388 shares of the financial services provider’s stock worth $5,268,000 after buying an additional 10,513 shares during the period. Vanguard Group Inc. boosted its position in Greenlight Reinsurance by 6.5% in the first quarter. Vanguard Group Inc. now owns 2,440,399 shares of the financial services provider’s stock worth $53,933,000 after buying an additional 149,781 shares during the period. Teachers Advisors LLC boosted its position in Greenlight Reinsurance by 10.4% in the first quarter. Teachers Advisors LLC now owns 55,492 shares of the financial services provider’s stock worth $1,226,000 after buying an additional 5,238 shares during the period. AXA bought a new position in Greenlight Reinsurance during the first quarter worth $375,000. Finally, American International Group Inc. boosted its position in Greenlight Reinsurance by 7.2% in the first quarter. American International Group Inc. now owns 18,107 shares of the financial services provider’s stock worth $400,000 after buying an additional 1,209 shares during the period. 47.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Greenlight Reinsurance, Ltd. (NASDAQ GLRE) opened at 22.80 on Friday. Greenlight Reinsurance, Ltd. has a 12 month low of $19.25 and a 12 month high of $24.10. The stock has a market cap of $851.37 million, a P/E ratio of 16.34 and a beta of 0.77. The stock has a 50 day moving average price of $21.46 and a 200 day moving average price of $21.56.

Greenlight Reinsurance (NASDAQ:GLRE) last posted its earnings results on Monday, July 31st. The financial services provider reported ($0.96) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.00) by $0.04. The firm had revenue of $121.48 million for the quarter, compared to the consensus estimate of $139.90 million. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. Equities analysts anticipate that Greenlight Reinsurance, Ltd. will post $0.80 EPS for the current fiscal year.

WARNING: This news story was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/08/12/dimensional-fund-advisors-lp-has-39-61-million-position-in-greenlight-reinsurance-ltd-nasdaqglre-updated-updated.html.

A number of equities research analysts have recently commented on GLRE shares. ValuEngine raised Greenlight Reinsurance from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research raised Greenlight Reinsurance from a “sell” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, August 4th. BidaskClub raised Greenlight Reinsurance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, TheStreet downgraded Greenlight Reinsurance from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th.

In other news, insider Sherry Diaz sold 3,055 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $23.00, for a total value of $70,265.00. Following the sale, the insider now directly owns 33,500 shares of the company’s stock, valued at $770,500. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leonard R. Goldberg sold 1,659 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $22.75, for a total value of $37,742.25. Following the completion of the sale, the director now directly owns 170,021 shares in the company, valued at $3,867,977.75. The disclosure for this sale can be found here. Insiders have sold 6,312 shares of company stock worth $141,396 over the last three months. Company insiders own 21.81% of the company’s stock.

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.

Institutional Ownership by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)

What are top analysts saying about Greenlight Reinsurance Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Greenlight Reinsurance Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit