Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events. The company offers various property reinsurance products and services that include commercial, motor, and personal; casualty reinsurance products and services, which include general liability, motor, professional, and worker's compensation; and specialty reinsurance products and services that include accident and health, financial, marine, and other products. It markets its products through reinsurance brokers. The company was founded in 2004 and is headquartered in Grand Cayman, the Cayman Islands.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Fire, marine, & casualty insurance
Sub-IndustryReinsurance
SectorFinance
Current SymbolNASDAQ:GLRE
Previous Symbol
CUSIPG4095J10
Phone34-59-434-57
Debt
Debt-to-Equity Ratio0.36
Current Ratio2.82
Quick Ratio2.82
Price-To-Earnings
Trailing P/E Ratio-8.12
Forward P/E Ratio-1.25
P/E GrowthN/A
Sales & Book Value
Annual Sales$645.67 million
Price / Sales0.55
Cash FlowN/A
Price / Cash FlowN/A
Book Value$22.60 per share
Price / Book0.43
Profitability
EPS (Most Recent Fiscal Year)($1.21)
Net Income$-44,950,000.00
Net Margins-125.14%
Return on Equity-44.40%
Return on Assets-11.46%
Miscellaneous
Employees40
Outstanding Shares36,380,000
Market Cap$361.30 million
OptionableOptionable
Greenlight Capital Re (NASDAQ:GLRE) Frequently Asked Questions
What is Greenlight Capital Re's stock symbol?
Greenlight Capital Re trades on the NASDAQ under the ticker symbol "GLRE."
How were Greenlight Capital Re's earnings last quarter?
Greenlight Capital Re, Ltd. (NASDAQ:GLRE) announced its quarterly earnings data on Monday, November, 5th. The financial services provider reported ($2.20) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($2.54) by $0.34. The financial services provider earned $42.57 million during the quarter, compared to analysts' expectations of $68.40 million. Greenlight Capital Re had a negative net margin of 125.14% and a negative return on equity of 44.40%. View Greenlight Capital Re's Earnings History.
When is Greenlight Capital Re's next earnings date?
What price target have analysts set for GLRE?
1 brokers have issued 12-month price objectives for Greenlight Capital Re's shares. Their predictions range from $25.00 to $25.00. On average, they expect Greenlight Capital Re's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 154.3% from the stock's current price. View Analyst Price Targets for Greenlight Capital Re.
What is the consensus analysts' recommendation for Greenlight Capital Re?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Greenlight Capital Re in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Greenlight Capital Re.
Has Greenlight Capital Re been receiving favorable news coverage?
News headlines about GLRE stock have been trending neutral this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Greenlight Capital Re earned a media sentiment score of 0.3 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the next several days.
Who are some of Greenlight Capital Re's key competitors?
Some companies that are related to Greenlight Capital Re include Employers (EIG), Universal Insurance (UVE), United Fire Group (UFCS), Safety Insurance Group (SAFT), Kinsale Capital Group (KNSL), Amerisafe (AMSF), James River Group (JRVR), Third Point Reinsurance (TPRE), BlackRock TCP Capital (TCPC), United Insurance (UIHC), EMC Insurance Group (EMCI), HCI Group (HCI), Global Indemnity (GBLI), Donegal Group (DGICA) and Heritage Insurance (HRTG).
Who are Greenlight Capital Re's key executives?
Greenlight Capital Re's management team includes the folowing people:
- Mr. Simon Burton, CEO & Director (Age 48)
- Mr. Tim Courtis, Chief Financial Officer (Age 56)
- Mr. Brendan Barry, Chief Underwriting Officer (Age 46)
- Mr. Patrick O'Brien, Chief Exec. Officer - Ireland
- Mr. David Michael Einhorn, Chairman (Age 49)
Who are Greenlight Capital Re's major shareholders?
Greenlight Capital Re's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.15%), BlackRock Inc. (6.58%), Dimensional Fund Advisors LP (6.06%), Morgan Stanley (6.05%), JPMorgan Chase & Co. (1.40%) and JPMorgan Chase & Co. (1.45%). Company insiders that own Greenlight Capital Re stock include Barry Brendan, Daniel Roitman, Laura Accurso, Leonard R Goldberg and Sherry Diaz. View Institutional Ownership Trends for Greenlight Capital Re.
Which institutional investors are selling Greenlight Capital Re stock?
GLRE stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Thompson Siegel & Walmsley LLC, Bridgeway Capital Management Inc., BlackRock Inc., Wells Fargo & Company MN, Credit Suisse AG, Factorial Partners LLC and TIAA CREF Investment Management LLC. Company insiders that have sold Greenlight Capital Re company stock in the last year include Barry Brendan and Laura Accurso. View Insider Buying and Selling for Greenlight Capital Re.
Which institutional investors are buying Greenlight Capital Re stock?
GLRE stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Morgan Stanley, Jane Street Group LLC, Virginia National Bank, Veritable L.P., Vanguard Group Inc. and River & Mercantile Asset Management LLP. Company insiders that have bought Greenlight Capital Re stock in the last two years include Daniel Roitman and Leonard R Goldberg. View Insider Buying and Selling for Greenlight Capital Re.
How do I buy shares of Greenlight Capital Re?
Shares of GLRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Greenlight Capital Re's stock price today?
One share of GLRE stock can currently be purchased for approximately $9.83.
How big of a company is Greenlight Capital Re?
Greenlight Capital Re has a market capitalization of $361.30 million and generates $645.67 million in revenue each year. The financial services provider earns $-44,950,000.00 in net income (profit) each year or ($1.21) on an earnings per share basis. Greenlight Capital Re employs 40 workers across the globe.
What is Greenlight Capital Re's official website?
How can I contact Greenlight Capital Re?
Greenlight Capital Re's mailing address is 65 MARKET STREET SUITE 1207 CAMANA BAY P.O. BOX 31110, GRAND CAYMAN E9, KY1-1205. The financial services provider can be reached via phone at 34-59-434-57 or via email at [email protected]
MarketBeat Community Rating for Greenlight Capital Re (NASDAQ GLRE)
MarketBeat's community ratings are surveys of what our community members think about Greenlight Capital Re and other stocks. Vote "Outperform" if you believe GLRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
