Third Point Reinsurance LTD (NYSE:TPRE) Stock Sentiment Worsens

July 27, 2018 - By Lisa Delgado

Sentiment for Third Point Reinsurance LTD (NYSE:TPRE)

Third Point Reinsurance LTD (NYSE:TPRE) institutional sentiment decreased to 1.34 in Q1 2018. Its down -1.92, from 3.26 in 2017Q4. The ratio has worsened, as 79 funds increased and opened new holdings, while 59 sold and decreased holdings in Third Point Reinsurance LTD. The funds in our partner’s database now have: 70.59 million shares, down from 151.48 million shares in 2017Q4. Also, the number of funds holding Third Point Reinsurance LTD in their top 10 holdings was flat from 2 to 2 for the same number . Sold All: 16 Reduced: 43 Increased: 60 New Position: 19.

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies in the Americas, Europe, the Middle East, Africa, and Asia. The company has market cap of $1.29 billion. The firm underwrites property, workers compensation, personal automobile, general and professional liability, mortgage, and extended warranty insurance products, as well as multi-line reinsurance products. It has a 8.91 P/E ratio.

The stock decreased 0.40% or $0.05 during the last trading session, reaching $12.6. About 442,043 shares traded. Third Point Reinsurance Ltd. (NYSE:TPRE) has risen 4.33% since July 27, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on July, 31 after the close. They expect $0.05 earnings per share, down 92.96 % or $0.66 from last year’s $0.71 per share. TPRE’s profit will be $5.11 million for 63.00 P/E if the $0.05 EPS becomes a reality. After $-0.26 actual earnings per share reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts -119.23 % EPS growth.

Kelso & Company L.P. holds 100% of its portfolio in Third Point Reinsurance Ltd. for 10.00 million shares. New Vernon Investment Management Llc owns 183,949 shares or 3.07% of their US portfolio. Moreover, Dean Capital Management has 2.04% invested in the company for 296,295 shares. The Ohio-based Dean Investment Associates Llc has invested 1.03% in the stock. Insight 2811 Inc., a Michigan-based fund reported 53,120 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $1.47 million activity.

Third Point Reinsurance Ltd. (NYSE:TPRE) Ratings Coverage

Ratings analysis reveals 100% of Third Point Reinsurance’s analysts are positive. Out of 3 Wall Street analysts rating Third Point Reinsurance, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $1600 while the high is $17. The stock’s average target of $16.50 is 30.95% above today’s ($12.6) share price. TPRE was included in 3 notes of analysts from April 3, 2018. The stock has “Outperform” rating by Wood on Friday, May 11. Keefe Bruyette & Woods upgraded it to “Buy” rating and $1600 target in Thursday, May 10 report. The company was maintained on Tuesday, April 3 by Bank of America.

Another recent and important Third Point Reinsurance Ltd. (NYSE:TPRE) news was published by Businesswire.com which published an article titled: “Third Point Publishes Presentation on “#NestléNOW”” on July 01, 2018.

Third Point Reinsurance Ltd. (NYSE:TPRE) Ratings Chart

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