Ameriprise Financial Inc. Purchases 73,317 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Ameriprise Financial Inc. increased its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,743 shares of the financial services provider's stock after purchasing an additional 73,317 shares during the period. Ameriprise Financial Inc. owned approximately 1.79% of Greenlight Capital Re worth $8,718,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Castalian Partners LLC bought a new position in shares of Greenlight Capital Re during the 4th quarter valued at about $1,698,000. PDT Partners LLC lifted its stake in Greenlight Capital Re by 5.1% in the 4th quarter. PDT Partners LLC now owns 22,655 shares of the financial services provider's stock valued at $317,000 after acquiring an additional 1,109 shares in the last quarter. Northern Trust Corp lifted its stake in Greenlight Capital Re by 5.6% in the 4th quarter. Northern Trust Corp now owns 276,511 shares of the financial services provider's stock valued at $3,871,000 after acquiring an additional 14,629 shares in the last quarter. Aquatic Capital Management LLC lifted its stake in Greenlight Capital Re by 374.4% in the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 2,995 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Greenlight Capital Re by 20.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,827 shares of the financial services provider's stock valued at $600,000 after acquiring an additional 7,321 shares in the last quarter. Institutional investors own 41.52% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Greenlight Capital Re from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

Insiders Place Their Bets

In other Greenlight Capital Re news, COO Patrick O'brien sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $13.22, for a total transaction of $66,100.00. Following the transaction, the chief operating officer now owns 170,425 shares of the company's stock, valued at $2,253,018.50. The trade was a 2.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Joseph Oreilly sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the transaction, the insider now directly owns 99,330 shares in the company, valued at $1,390,620. This trade represents a 7.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,500 shares of company stock valued at $279,200 in the last 90 days. 22.79% of the stock is currently owned by insiders.

Greenlight Capital Re Stock Down 0.3%

NASDAQ GLRE traded down $0.04 during trading on Monday, hitting $13.50. The stock had a trading volume of 129,805 shares, compared to its average volume of 91,898. The company has a market capitalization of $466.49 million, a PE ratio of 5.36 and a beta of 0.67. The company's 50-day moving average price is $13.34 and its two-hundred day moving average price is $13.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. Greenlight Capital Re, Ltd. has a 12 month low of $11.95 and a 12 month high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.50 by $0.36. The firm had revenue of $247.95 million for the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.

About Greenlight Capital Re

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.