Recent Analysts’ Ratings Updates for Greenlight Reinsurance (GLRE)

Greenlight Reinsurance (NASDAQ: GLRE) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – Greenlight Reinsurance was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/4/2017 – Greenlight Reinsurance was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $25.00 price target on the stock. According to Zacks, “GREENLIGHT CAPITAL REINSURANCE LTD. is an AM Best A- (Excellent) rated specialty property and casualty reinsurance company based in the Cayman Islands. The Company provides a variety of custom-tailored reinsurance solutions to the insurance, risk retention group, captive and financial marketplaces. Greenlight Re selectively offers customized reinsurance solutions in markets where capacity and alternatives are limited. With a focus on deriving superior returns from both sides of the balance sheet, Greenlight Re’s assets are managed according to a value-oriented equity-focused strategy that complements the Company’s business goal of long-term growth in book value per share. “
  • 8/2/2017 – Greenlight Reinsurance was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/1/2017 – Greenlight Reinsurance was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/19/2017 – Greenlight Reinsurance was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/7/2017 – Greenlight Reinsurance was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Greenlight Reinsurance, Ltd. (GLRE) traded up 1.10% during trading on Wednesday, hitting $23.00. 419,974 shares of the company’s stock traded hands. The company’s 50 day moving average price is $21.13 and its 200 day moving average price is $21.56. Greenlight Reinsurance, Ltd. has a 52-week low of $19.25 and a 52-week high of $24.10. The company has a market cap of $858.84 million, a PE ratio of 16.49 and a beta of 0.77.

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

In other news, Director Leonard R. Goldberg sold 1,659 shares of Greenlight Reinsurance stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $22.75, for a total transaction of $37,742.25. Following the sale, the director now directly owns 170,021 shares in the company, valued at approximately $3,867,977.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 3,257 shares of company stock worth $71,131 over the last quarter. Company insiders own 21.81% of the company’s stock.

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.

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