Third Point Reinsurance (TPRE) Getting Somewhat Favorable Press Coverage, Accern Reports

Media stories about Third Point Reinsurance (NYSE:TPRE) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Third Point Reinsurance earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 46.2010013726458 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Third Point Reinsurance (NYSE:TPRE) traded up $0.02 during trading hours on Friday, hitting $16.50. 344,522 shares of the stock traded hands, compared to its average volume of 1,160,000. The company has a market cap of $1,770.00, a price-to-earnings ratio of 8.59, a P/E/G ratio of 0.40 and a beta of 1.27. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.07. Third Point Reinsurance has a 12 month low of $11.05 and a 12 month high of $16.95.

Third Point Reinsurance (NYSE:TPRE) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $280.88 million during the quarter. Third Point Reinsurance had a net margin of 22.18% and a return on equity of 13.56%. equities research analysts anticipate that Third Point Reinsurance will post 2.72 EPS for the current fiscal year.

A number of research analysts have recently issued reports on TPRE shares. ValuEngine upgraded shares of Third Point Reinsurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Saturday, July 8th. Morgan Stanley restated an “equal weight” rating and issued a $15.00 price target (up previously from $14.00) on shares of Third Point Reinsurance in a research report on Friday, July 7th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.50 price target on shares of Third Point Reinsurance in a research report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Third Point Reinsurance from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.13.

COPYRIGHT VIOLATION NOTICE: “Third Point Reinsurance (TPRE) Getting Somewhat Favorable Press Coverage, Accern Reports” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.com-unik.info/2017/11/04/third-point-reinsurance-tpre-getting-somewhat-favorable-press-coverage-accern-reports.html.

Third Point Reinsurance Company Profile

Third Point Reinsurance Ltd. is a holding company. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company’s segments include Property and Casualty Reinsurance, and Corporate. The Company’s investable assets are managed by its investment manager, Third Point LLC.

Insider Buying and Selling by Quarter for Third Point Reinsurance (NYSE:TPRE)

What are top analysts saying about Third Point 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 Third Point 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