What is DOWLING & PARTN's Estimate for GLRE FY2026 Earnings?

Key Points

• DOWLING & PARTN cut its FY2026 EPS estimate for Greenlight Capital Re to $1.25 from $1.80, below the current analyst consensus of $1.80.
• Greenlight Capital Re reported a quarterly loss of $0.89 per share, missing the $0.35 loss consensus, while revenue of $137.46 million fell short of the $165.31 million estimate.
• The stock carries a consensus “Hold” rating, with recent analyst downgrades and insider selling partially offset by a director’s purchase of 6,000 shares.

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) - Equities researchers at DOWLING & PARTN reduced their FY2026 earnings per share estimates for Greenlight Capital Re in a note issued to investors on Friday, August 14th. DOWLING & PARTN analyst A. Mottolese now expects that the financial services provider will earn $1.25 per share for the year, down from their previous forecast of $1.80. The consensus estimate for Greenlight Capital Re's current full-year earnings is $1.80 per share.

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

A number of other equities analysts have also recently commented on the stock. Zacks Research raised shares of Greenlight Capital Re to a "hold" rating in a research report on Wednesday, May 27th. Wall Street Zen lowered shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a research report on Sunday, June 7th. Finally, Weiss Ratings cut shares of Greenlight Capital Re from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

Greenlight Capital Re Stock Up 1.3%

GLRE opened at $15.60 on Wednesday. Greenlight Capital Re has a 1-year low of $11.56 and a 1-year high of $19.39. The stock's fifty day simple moving average is $16.31 and its 200 day simple moving average is $16.27. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.01. The stock has a market cap of $509.18 million, a PE ratio of 10.61 and a beta of 0.33.

Insider Buying and Selling

In related news, Director Leonard R. Goldberg bought 6,000 shares of the business's stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $15.42 per share, for a total transaction of $92,520.00. Following the completion of the transaction, the director directly owned 36,000 shares of the company's stock, valued at approximately $555,120. This represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ian Isaacs sold 9,230 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $16.33, for a total value of $150,725.90. Following the transaction, the director owned 60,191 shares of the company's stock, valued at $982,919.03. This trade represents a 13.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 34,719 shares of company stock valued at $573,162 over the last 90 days. 24.67% of the stock is currently owned by insiders.

Institutional Trading of Greenlight Capital Re

Several institutional investors have recently made changes to their positions in GLRE. Private Management Group Inc. increased its position in Greenlight Capital Re by 25.6% in the fourth quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider's stock worth $21,903,000 after buying an additional 306,468 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Greenlight Capital Re during the 4th quarter valued at $2,480,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Greenlight Capital Re during the fourth quarter worth $2,479,000. Millennium Management LLC lifted its position in shares of Greenlight Capital Re by 546.5% during the fourth quarter. Millennium Management LLC now owns 199,314 shares of the financial services provider's stock worth $2,906,000 after acquiring an additional 168,486 shares in the last quarter. Finally, HRT Financial LP boosted its holdings in shares of Greenlight Capital Re by 459.1% in the fourth quarter. HRT Financial LP now owns 118,654 shares of the financial services provider's stock worth $1,729,000 after acquiring an additional 97,433 shares during the period. Institutional investors own 41.52% of the company's stock.

About Greenlight Capital Re

Greenlight Capital Re Ltd. NASDAQ: GLRE is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent's investment platform.

The company's core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.

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