Third Point Reinsurance Ltd (NYSE:TPRE)’s stock price rose 8.9% during trading on Tuesday . The stock traded as high as $6.65 and last traded at $6.60, approximately 762,415 shares traded hands during mid-day trading. An increase of 46% from the average daily volume of 522,995 shares. The stock had previously closed at $6.06.

Separately, Zacks Investment Research lowered Third Point Reinsurance from a “buy” rating to a “strong sell” rating in a report on Wednesday, March 4th.

The stock has a market cap of $570.93 million, a PE ratio of 3.21, a price-to-earnings-growth ratio of 0.35 and a beta of 1.14. The firm has a fifty day moving average of $9.24 and a 200 day moving average of $9.81. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.08.

Third Point Reinsurance (NYSE:TPRE) last posted its earnings results on Thursday, February 27th. The insurance provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.07). The business had revenue of $260.01 million during the quarter. Third Point Reinsurance had a net margin of 20.42% and a return on equity of 14.51%. On average, equities research analysts forecast that Third Point Reinsurance Ltd will post 1.15 EPS for the current fiscal year.

In related news, Director Sid Sankaran acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $9.20 per share, for a total transaction of $230,000.00. Also, insider Justin J. Brenden bought 14,026 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $7.01 per share, with a total value of $98,322.26. The disclosure for this purchase can be found here. Insiders acquired 59,026 shares of company stock valued at $487,422 in the last 90 days. 9.18% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TPRE. FNY Investment Advisers LLC acquired a new stake in shares of Third Point Reinsurance during the fourth quarter worth about $47,000. Point72 Hong Kong Ltd acquired a new stake in Third Point Reinsurance in the fourth quarter valued at about $64,000. Bank of Montreal Can lifted its position in Third Point Reinsurance by 30.8% in the fourth quarter. Bank of Montreal Can now owns 10,913 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 2,572 shares during the period. ProShare Advisors LLC lifted its position in Third Point Reinsurance by 17.0% in the fourth quarter. ProShare Advisors LLC now owns 12,221 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 1,779 shares during the period. Finally, Amalgamated Bank lifted its position in Third Point Reinsurance by 9.6% in the fourth quarter. Amalgamated Bank now owns 12,470 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 1,096 shares during the period. Institutional investors and hedge funds own 72.31% of the company’s stock.

Third Point Reinsurance Company Profile (NYSE:TPRE)

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners' and commercial, workers' compensation, personal automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and marine, travel, and extended warranty reinsurance products.

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