Nuveen LLC Acquires New Position in Greenlight Capital Re, Ltd. $GLRE

Nuveen LLC purchased a new stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 84,275 shares of the financial services provider's stock, valued at approximately $1,142,000. Nuveen LLC owned 0.24% of Greenlight Capital Re as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GLRE. CWA Asset Management Group LLC increased its position in shares of Greenlight Capital Re by 88.5% in the 1st quarter. CWA Asset Management Group LLC now owns 677,566 shares of the financial services provider's stock valued at $9,181,000 after buying an additional 318,047 shares in the last quarter. Invesco Ltd. increased its position in shares of Greenlight Capital Re by 284.9% in the 1st quarter. Invesco Ltd. now owns 233,227 shares of the financial services provider's stock valued at $3,160,000 after buying an additional 172,639 shares in the last quarter. Private Management Group Inc. increased its position in shares of Greenlight Capital Re by 11.2% in the 1st quarter. Private Management Group Inc. now owns 1,034,365 shares of the financial services provider's stock valued at $14,016,000 after buying an additional 103,886 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Greenlight Capital Re in the 4th quarter valued at $1,341,000. Finally, Ameriprise Financial Inc. increased its position in shares of Greenlight Capital Re by 13.3% in the 4th quarter. Ameriprise Financial Inc. now owns 622,743 shares of the financial services provider's stock valued at $8,718,000 after buying an additional 73,317 shares in the last quarter. Institutional investors and hedge funds own 41.52% of the company's stock.

Insider Activity

In related news, Director Ian Isaacs sold 13,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $14.92, for a total value of $193,960.00. Following the completion of the sale, the director directly owned 71,484 shares in the company, valued at approximately $1,066,541.28. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas James Curnock sold 11,500 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $12.93, for a total transaction of $148,695.00. Following the completion of the transaction, the insider directly owned 179,832 shares in the company, valued at approximately $2,325,227.76. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.55% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Greenlight Capital Re from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Greenlight Capital Re Stock Down 0.4%

Shares of Greenlight Capital Re stock traded down $0.05 during trading hours on Friday, reaching $12.75. 52,870 shares of the company's stock were exchanged, compared to its average volume of 106,397. The company has a 50 day moving average of $13.25 and a two-hundred day moving average of $13.52. Greenlight Capital Re, Ltd. has a fifty-two week low of $12.14 and a fifty-two week high of $15.82. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.09. The stock has a market cap of $436.15 million, a P/E ratio of 11.92 and a beta of 0.63.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The financial services provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.36. Greenlight Capital Re had a net margin of 5.37% and a return on equity of 5.75%. The company had revenue of $179.63 million during the quarter.

Greenlight Capital Re Company Profile

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.