Wells Fargo & Company MN Has $2.53 Million Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Wells Fargo & Company MN grew its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 74.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,581 shares of the financial services provider's stock after acquiring an additional 77,195 shares during the quarter. Wells Fargo & Company MN owned about 0.52% of Greenlight Capital Re worth $2,528,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GLRE. JPMorgan Chase & Co. increased its stake in Greenlight Capital Re by 288.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider's stock valued at $664,000 after buying an additional 36,116 shares during the period. Barclays PLC increased its stake in shares of Greenlight Capital Re by 275.5% during the third quarter. Barclays PLC now owns 36,077 shares of the financial services provider's stock valued at $493,000 after acquiring an additional 26,468 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Greenlight Capital Re during the fourth quarter worth approximately $367,000. Wilmington Savings Fund Society FSB acquired a new stake in Greenlight Capital Re in the third quarter worth approximately $1,188,000. Finally, Rhumbline Advisers boosted its stake in Greenlight Capital Re by 12.5% during the 4th quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider's stock valued at $667,000 after purchasing an additional 5,304 shares in the last quarter. Institutional investors own 41.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Greenlight Capital Re from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th.

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE traded down $0.12 during trading hours on Wednesday, hitting $13.11. 72,641 shares of the company's stock traded hands, compared to its average volume of 90,191. The company's fifty day simple moving average is $13.38 and its two-hundred day simple moving average is $13.82. The company has a market cap of $453.13 million, a price-to-earnings ratio of 5.20 and a beta of 0.66. 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 52 week low of $11.95 and a 52 week high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($1.40). The firm had revenue of $143.76 million for the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.

Insider Activity

In other news, insider Brian Joseph Oreilly sold 8,000 shares of Greenlight Capital Re stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total value of $112,000.00. Following the transaction, the insider now owns 99,330 shares of the company's stock, valued at $1,390,620. This trade represents a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.79% of the stock is currently owned by insiders.

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.