DOWLING & PARTN Issues Pessimistic Outlook for GLRE Earnings

Key Points

• DOWLING & PARTN cut Greenlight Capital Re’s FY2026 EPS estimate to $0.50 from $1.25, matching the current analyst consensus.
• Greenlight Re recently reported a quarterly loss of $0.89 per share, missing expectations by $0.54, while revenue of $137.46 million also fell short of forecasts.
• Analyst sentiment remains cautious: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings lowered its rating, and the overall consensus is “Hold.”

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) - Research analysts at DOWLING & PARTN lowered their FY2026 EPS estimates for shares of Greenlight Capital Re in a research report issued to clients and investors on Wednesday, October 7th. DOWLING & PARTN analyst A. Mottolese now expects that the financial services provider will earn $0.50 per share for the year, down from their previous estimate of $1.25. The consensus estimate for Greenlight Capital Re's current full-year earnings is $0.50 per share.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.54). The firm had revenue of $137.46 million during the quarter, compared to analysts' expectations of $165.31 million. Greenlight Capital Re had a return on equity of 7.28% and a net margin of 7.47%.

GLRE has been the topic of several other reports. Wall Street Zen downgraded Greenlight Capital Re from a "hold" rating to a "sell" rating in a report on Saturday, October 3rd. Weiss Ratings lowered Greenlight Capital Re from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Greenlight Capital Re presently has an average rating of "Hold".

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE opened at $14.76 on Monday. Greenlight Capital Re has a 1 year low of $11.56 and a 1 year high of $19.39. The business has a 50 day simple moving average of $15.23 and a two-hundred day simple moving average of $16.40. The firm has a market capitalization of $481.78 million, a PE ratio of 10.04 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.43 and a quick ratio of 2.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GLRE. Renaissance Technologies LLC bought a new position in shares of Greenlight Capital Re during the 1st quarter worth $1,343,000. Hillsdale Investment Management Inc. purchased a new position in shares of Greenlight Capital Re during the first quarter valued at $1,117,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Greenlight Capital Re by 64.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the financial services provider's stock valued at $2,210,000 after buying an additional 50,099 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Greenlight Capital Re during the first quarter valued at $813,000. Finally, Inceptionr LLC purchased a new position in shares of Greenlight Capital Re during the first quarter valued at $369,000. Institutional investors own 41.52% of the company's stock.

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, insider Sherry Diaz sold 13,500 shares of the company's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $15.08, for a total value of $203,580.00. Following the transaction, the insider directly owned 86,879 shares in the company, valued at $1,310,135.32. This represents a 13.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian Isaacs sold 5,150 shares of the firm's stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $14.90, for a total transaction of $76,735.00. Following the transaction, the director directly owned 37,992 shares in the company, valued at approximately $566,080.80. This trade represents a 11.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 38,500 shares of company stock valued at $580,305 in the last three months. Company insiders own 24.67% of the company's stock.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd. was a Bermuda-based specialty property and casualty reinsurance company established in 2004. The company was founded with backing from Greenlight Capital and was designed to combine traditional reinsurance underwriting with alternative investment expertise.

Through its reinsurance operations, Greenlight Re provided customized coverage and capacity to insurance companies and other risk-bearing organizations. Its business included property, casualty and specialty lines, with underwriting focused on areas such as catastrophe-exposed property, workers' compensation, liability and other commercial risks.

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