About Greenlight Reinsurance (NASDAQ:GLRE)
Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events. It conducts its reinsurance operations through two licensed and regulated reinsurance entities: Greenlight Reinsurance, Ltd. (Greenlight Re), based in the Cayman Islands, and Greenlight Reinsurance Ireland, Ltd. (GRIL), based in Ireland. Greenlight Re is engaged in writing property and casualty reinsurance business, as well as long term business, such as life insurance, long term disability and long term care, among others. GRIL is a non-life reinsurance undertaking. Verdant Holding Company, Ltd. makes strategic investments in a select group of property and casualty insurers, and general agents.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Reinsurance
- Sub-Industry: Reinsurance
- Symbol: NASDAQ:GLRE
- CUSIP: G4095J10
- Web: www.greenlightre.ky
Capitalization:- Market Cap: $845.75 million
- Outstanding Shares: 37,341,000
Average Prices:- 50 Day Moving Avg: $21.64
- 200 Day Moving Avg: $21.34
- 52 Week Range: $19.25 - $24.10
P/E:- Trailing P/E Ratio: 16.31
- Foreward P/E Ratio: 9.68
- P/E Growth: 2.38
Sales & Book Value:- Annual Revenue: $647.08 million
- Price / Sales: 1.31
- Book Value: $22.66 per share
- Price / Book: 1.00
Profitability:- EBITDA: $63.22 million
- Net Margins: 8.42%
- Return on Equity: 5.96%
- Return on Assets: 1.85%
Debt:- Current Ratio: 4.86%
- Quick Ratio: 4.86%
Misc:- Average Volume: 138,765 shs.
- Beta: 0.74
- Short Ratio: 7.2
Frequently Asked Questions for Greenlight Reinsurance (NASDAQ:GLRE)
What is Greenlight Reinsurance's stock symbol?
Greenlight Reinsurance trades on the NASDAQ under the ticker symbol "GLRE."
How were Greenlight Reinsurance's earnings last quarter?
Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) posted its quarterly earnings results on Monday, July, 31st. The company reported ($0.96) EPS for the quarter, topping analysts' consensus estimates of ($1.00) by $0.04. The business earned $121.48 million during the quarter, compared to analysts' expectations of $139.90 million. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. View Greenlight Reinsurance's Earnings History.
When will Greenlight Reinsurance make its next earnings announcement?
Who are some of Greenlight Reinsurance's key competitors?
Some companies that are related to Greenlight Reinsurance include Summit Hotel Properties (INN), HFF (HF), Kite Realty Group Trust (KRG), Independent Bank Group (IBTX), OM Asset Management PLC (OMAM), Horace Mann Educators Corporation (HMN), NBT Bancorp (NBTB), CenterState Banks (CSFL), First Financial Bancorp. (FFBC), Pacific Premier Bancorp (PPBI), Washington Prime Group (WPG), Berkshire Hills Bancorp (BHLB), WSFS Financial Corporation (WSFS), Union Bankshares Corporation (UBSH), Four Corners Property Trust (FCPT), Westamerica Bancorporation (WABC), WisdomTree Investments (WETF) and Employers Holdings (EIG).
Who are Greenlight Reinsurance's key executives?
Greenlight Reinsurance's management team includes the folowing people:
- David Einhorn, Non - Independent Chairman of the Board
- Simon Burton, Chief Executive Officer
- Tim Courtis, Chief Financial Officer
- Michael J. Belfatti, Chief Operating Officer
- Brendan Barry, Chief Underwriter Officer
- Joseph P. Platt Jr., Lead Independent Director
- Leonard R. Goldberg, Director
- Alan Brooks, Independent Director
- Ian Isaacs, Independent Director
- Frank D. Lackner, Independent Director
How do I buy Greenlight Reinsurance stock?
Shares of Greenlight Reinsurance can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Greenlight Reinsurance's stock price today?
One share of Greenlight Reinsurance stock can currently be purchased for approximately $22.75.
MarketBeat Community Rating for Greenlight Reinsurance (NASDAQ GLRE)MarketBeat's community ratings are surveys of what our community members think about Greenlight Reinsurance and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Greenlight Reinsurance (NASDAQ:GLRE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Consensus Price Target History for Greenlight Reinsurance (NASDAQ:GLRE)
Analysts' Ratings History for Greenlight Reinsurance (NASDAQ:GLRE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/1/2016 | Langen Mcalenn | Reiterated Rating | Buy | | N/A |  |
| 6/1/2016 | Janney Montgomery Scott | Initiated Coverage | Buy | | N/A | |
(Data available from 10/20/2015 forward)
Earnings History for Greenlight Reinsurance (NASDAQ:GLRE)Earnings History by Quarter for Greenlight Reinsurance (NASDAQ GLRE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/1/2017 | | $0.79 | | | | | N/A | |
| 7/31/2017 | Q2 | ($1.00) | ($0.96) | $139.90 million | $121.48 million | View | N/A | |
| 2/22/2017 | 12/31/2016 | $1.52 | $1.31 | $184.60 million | $188.74 million | View | N/A | |
| 11/3/2016 | Q3 2016 | $0.92 | $0.80 | $157.70 million | $145.55 million | View | N/A | |
| 8/1/2016 | Q2 | ($1.09) | ($1.69) | $110.80 million | $87.81 million | View | N/A | |
| 5/2/2016 | Q1 | $0.81 | $0.77 | | $166.28 million | View | N/A | |
| 2/22/2016 | Q4 | ($1.40) | ($1.17) | $55.60 million | $73.75 million | View | Listen | |
| 10/23/2015 | Q315 | ($5.38) | ($5.98) | | ($89.87) million | View | N/A | |
| 8/3/2015 | Q215 | ($0.60) | ($1.06) | $71.81 million | $67.62 million | View | N/A | |
| 5/4/2015 | Q115 | ($0.73) | ($0.65) | $52.60 million | $71.55 million | View | N/A | |
| 2/17/2015 | Q414 | $1.61 | $1.60 | $160.40 million | $148.04 million | View | N/A | |
| 11/3/2014 | Q314 | ($1.47) | ($1.40) | $31.60 million | $25.44 million | View | N/A | |
| 8/4/2014 | Q2 14 | $3.01 | $2.89 | | $201.77 million | View | N/A | |
| 5/5/2014 | Q114 | ($0.19) | ($0.24) | $123.37 million | $101.54 million | View | N/A | |
| 2/18/2014 | | $2.30 | $2.23 | | | View | N/A | |
| 5/6/2013 | Q1 2013 | | $1.52 | | | View | N/A | |
| 2/19/2013 | Q4 2012 | | ($1.65) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Greenlight Reinsurance (NASDAQ:GLRE)2017 EPS Consensus Estimate: $0.51
2018 EPS Consensus Estimate: $2.50
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.27 | $0.27 | $0.27 |
| Q2 2017 | 1 | ($1.00) | ($1.00) | ($1.00) |
| Q3 2017 | 1 | $0.65 | $0.65 | $0.65 |
| Q4 2017 | 1 | $0.59 | $0.59 | $0.59 |
| Q1 2018 | 1 | $0.68 | $0.68 | $0.68 |
| Q2 2018 | 1 | $0.75 | $0.75 | $0.75 |
| Q3 2018 | 1 | $0.48 | $0.48 | $0.48 |
| Q4 2018 | 1 | $0.59 | $0.59 | $0.59 |
(Data provided by Zacks Investment Research)
Dividend History for Greenlight Reinsurance (NASDAQ:GLRE)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Greenlight Reinsurance (NASDAQ:GLRE)Insider Ownership Percentage: 21.81%
Institutional Ownership Percentage: 45.43%
Insider Trades by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/15/2017 | Leonard R Goldberg | Director | Sell | 1,754 | $22.76 | $39,921.04 | |
| 8/9/2017 | Sherry Diaz | Insider | Sell | 3,055 | $23.00 | $70,265.00 | |
| 8/2/2017 | Leonard R Goldberg | Director | Sell | 1,659 | $22.75 | $37,742.25 | |
| 7/5/2017 | Leonard R Goldberg | Director | Sell | 1,078 | $21.19 | $22,842.82 | |
| 6/5/2017 | Leonard R Goldberg | CEO | Sell | 520 | $20.28 | $10,545.60 | |
| 10/4/2016 | Leonard R Goldberg | Director | Sell | 5,700 | $20.62 | $117,534.00 | |
| 9/14/2016 | Leonard R Goldberg | Director | Sell | 5,555 | $20.31 | $112,822.05 | |
| 9/7/2016 | Ian Isaacs | Director | Sell | 12,000 | $21.45 | $257,400.00 | |
| 8/24/2016 | Leonard R Goldberg | Director | Sell | 5,695 | $21.00 | $119,595.00 | |
| 8/12/2016 | Barton Hedges | CEO | Sell | 50,000 | $20.39 | $1,019,500.00 | |
| 8/3/2016 | Leonard R Goldberg | Director | Sell | 5,145 | $19.85 | $102,128.25 | |
| 7/13/2016 | Leonard R Goldberg | Director | Sell | 5,296 | $20.13 | $106,608.48 | |
| 6/22/2016 | Leonard R Goldberg | Director | Sell | 5,091 | $19.79 | $100,750.89 | |
| 6/2/2016 | Leonard R Goldberg | Director | Sell | 4,657 | $20.25 | $94,304.25 | |
| 5/6/2016 | Daniel Roitman | Director | Buy | 40,000 | $21.01 | $840,400.00 | |
| 11/4/2015 | Daniel Roitman | Director | Buy | 10,000 | $21.93 | $219,300.00 | |
| 7/15/2015 | Leonard R Goldberg | Director | Sell | 10,062 | $29.80 | $299,847.60 | |
| 7/2/2015 | Leonard R Goldberg | Director | Sell | 9,907 | $29.22 | $289,482.54 | |
| 6/17/2015 | Leonard R Goldberg | Director | Sell | 10,213 | $30.65 | $313,028.45 | |
| 6/2/2015 | Leonard R Goldberg | Director | Sell | 10,166 | $30.53 | $310,367.98 | |
| 5/4/2015 | Leonard R Goldberg | Director | Sell | 10,127 | $30.32 | $307,050.64 | |
| 4/22/2015 | Leonard R Goldberg | Director | Sell | 10,177 | $30.37 | $309,075.49 | |
| 4/2/2015 | Leonard R Goldberg | Director | Sell | 10,344 | $31.38 | $324,594.72 | |
| 3/18/2015 | Leonard R Goldberg | Director | Sell | 9,867 | $32.36 | $319,296.12 | |
| 3/3/2015 | Leonard R Goldberg | Director | Sell | 9,928 | $32.70 | $324,645.60 | |
| 2/3/2015 | Leonard R Goldberg | Director | Sell | 9,677 | $31.80 | $307,728.60 | |
| 1/14/2015 | Leonard R Goldberg | Director | Sell | 9,810 | $31.59 | $309,897.90 | |
| 1/2/2015 | Leonard R Goldberg | Director | Sell | 9,900 | $32.41 | $320,859.00 | |
| 11/20/2014 | Barton Hedges | CEO | Sell | 15,856 | $31.64 | $501,683.84 | |
| 11/14/2014 | Leonard R Goldberg | Director | Sell | 7,826 | $31.79 | $248,788.54 | |
| 11/13/2014 | Barton Hedges | CEO | Sell | 16,054 | $32.22 | $517,259.88 | |
| 10/2/2014 | Leonard R Goldberg | Director | Sell | 7,767 | $31.22 | $242,485.74 | |
| 8/4/2014 | Leonard R Goldberg | Director | Sell | 7,929 | $32.65 | $258,881.85 | |
| 7/2/2014 | Leonard R Goldberg | Director | Sell | 7,982 | $32.80 | $261,809.60 | |
| 6/18/2014 | Leonard R Goldberg | Director | Sell | 8,033 | $33.41 | $268,382.53 | |
| 6/16/2014 | Barton Hedges | CEO | Sell | 2,500 | $33.36 | $83,400.00 | |
| 6/3/2014 | Leonard R Goldberg | Director | Sell | 7,857 | $32.25 | $253,388.25 | |
| 5/20/2014 | Barton Hedges | CEO | Sell | 15,812 | $31.51 | $498,236.12 | |
| 5/14/2014 | Leonard R Goldberg | Director | Sell | 7,888 | $32.06 | $252,889.28 | |
| 5/13/2014 | Barton Hedges | CEO | Sell | 16,071 | $32.64 | $524,557.44 | |
| 5/9/2014 | Sherry Diaz | Insider | Sell | 1,429 | $32.12 | $45,899.48 | |
| 5/2/2014 | Leonard R Goldberg | Director | Sell | 7,863 | $32.43 | $254,997.09 | |
| 4/16/2014 | Leonard R Goldberg | Director | Sell | 7,754 | $31.44 | $243,785.76 | |
| 4/2/2014 | Leonard R Goldberg | Director | Sell | 7,935 | $32.82 | $260,426.70 | |
| 3/19/2014 | Leonard R Goldberg | Director | Sell | 7,973 | $32.97 | $262,869.81 | |
| 3/17/2014 | Barton Hedges | CEO | Sell | 2,500 | $32.79 | $81,975.00 | |
| 2/19/2014 | Leonard R Goldberg | Director | Sell | 7,885 | $32.10 | $253,108.50 | |
| 2/4/2014 | Leonard R Goldberg | Director | Sell | 7,742 | $30.74 | $237,989.08 | |
| 1/15/2014 | Leonard R Goldberg | Director | Sell | 8,068 | $33.41 | $269,551.88 | |
(Data available from 1/1/2013 forward)
Headline Trends for Greenlight Reinsurance (NASDAQ:GLRE)
Latest Headlines for Greenlight Reinsurance (NASDAQ:GLRE)
| Source: |
|
| Date | Headline |
|---|
 | Einhorn Says GM Outmaneuvered Him in Stock Split Battle
finance.yahoo.com - October 18 at 11:46 PM |
| Greenlight Capital Re Schedules Third Quarter 2017 Financial Results and Conference Call
finance.yahoo.com - October 17 at 7:50 PM |
 | Greenlight Reinsurance, Ltd. to Post Q3 2017 Earnings of $0.65 Per Share, Langen Mcalenn Forecasts (GLRE)
www.americanbankingnews.com - October 12 at 8:16 AM |
| Greenlight Reinsurance & Units' Rating Retained by A.M. Best
finance.yahoo.com - October 4 at 6:03 PM |
| Greenlight Capital Re Ltd. breached its 50 day moving average in a Bullish Manner : GLRE-US : October 3, 2017
finance.yahoo.com - October 3 at 9:14 AM |
| Langen Mcalenn Weighs in on Greenlight Reinsurance, Ltd.'s Q3 2017 Earnings (GLRE)
www.americanbankingnews.com - September 29 at 5:56 AM |
| ETFs with exposure to Greenlight Capital Re Ltd. : September 26, 2017
finance.yahoo.com - September 26 at 11:40 AM |
| Greenlight Capital Re Ltd. :GLRE-US: Earnings Analysis: Q2, 2017 By the Numbers : September 25, 2017
finance.yahoo.com - September 25 at 10:29 AM |
| Is There Now An Opportunity In Greenlight Capital Re Ltd (GLRE)?
finance.yahoo.com - September 16 at 12:45 AM |
| Increased Earnings Estimates Seen for Greenlight Reinsurance (GLRE): Can It Move Higher?
finance.yahoo.com - August 25 at 6:17 AM |
| Greenlight Reinsurance, Ltd. (GLRE) Director Sells $39,921.04 in Stock
www.americanbankingnews.com - August 17 at 10:30 AM |
 | Greenlight Captial Re (GLRE) Names Michael Belfatti as COO
www.streetinsider.com - August 17 at 12:16 AM |
| Greenlight Capital Re, Ltd. Announces Appointment of Michael Belfatti to Newly Created Position of Chief Operating Officer
finance.yahoo.com - August 16 at 7:10 PM |
| Sherry Diaz Sells 3,055 Shares of Greenlight Reinsurance, Ltd. (GLRE) Stock
www.americanbankingnews.com - August 11 at 4:20 PM |
| For Troubled Toshiba, Auditor Decision Is Key
finance.yahoo.com - August 10 at 12:20 AM |
| Langen Mcalenn Analysts Boost Earnings Estimates for Greenlight Reinsurance, Ltd. (NASDAQ:GLRE)
www.americanbankingnews.com - August 4 at 7:42 AM |
| Leonard R. Goldberg Sells 1,659 Shares of Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Stock
www.americanbankingnews.com - August 3 at 10:56 PM |
| Q4 2017 EPS Estimates for Greenlight Reinsurance, Ltd. Cut by Langen Mcalenn (GLRE)
www.americanbankingnews.com - August 3 at 12:52 PM |
| Edited Transcript of GLRE earnings conference call or presentation 1-Aug-17 1:00pm GMT
finance.yahoo.com - August 2 at 5:43 AM |
 | Greenlight Capital's (GLRE) CEO Simon Burton on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 1 at 7:42 PM |
| Investor Einhorn sees cash burn at Tesla, sticks with short bet
finance.yahoo.com - August 1 at 7:42 PM |
| Greenlight Reinsurance, Ltd. (GLRE) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
www.americanbankingnews.com - August 1 at 12:28 PM |
| Greenlight Capital Re reports 2Q loss
finance.yahoo.com - July 31 at 8:20 PM |
| Einhorn's Greenlight Capital gains 2.1 pct in July - source
finance.yahoo.com - July 31 at 8:20 PM |
| Inside Einhorn’s Greenlight Capital’s Top Holdings
finance.yahoo.com - July 20 at 4:54 PM |
| Western Digital CEO in Japan to make peace with Toshiba
finance.yahoo.com - July 18 at 8:42 PM |
| DAVID EINHORN: Tesla bulls look at Elon Musk and think of Steve Jobs, but Tesla is not Apple
finance.yahoo.com - July 17 at 10:02 AM |
 | Greenlight Capital Re to Release Second Quarter 2017 Results
feeds.benzinga.com - July 17 at 8:41 AM |
| Contrasting Greenlight Reinsurance (NASDAQ:GLRE) & Axis Capital Holdings Limited (AXS)
www.americanbankingnews.com - July 16 at 8:30 AM |
| Greenlight Capital takes stake in Toshiba, says its funds fell 4 percent in second quarter
finance.yahoo.com - July 15 at 1:06 AM |
| Greenlight's funds lost 4% in second quarter
finance.yahoo.com - July 14 at 8:05 PM |
| Einhorn's Greenlight Adds Toshiba Stake
finance.yahoo.com - July 14 at 8:05 PM |
| Greenlight Reinsurance, Ltd. to Post Q2 2017 Earnings of ($1.00) Per Share, Langen Mcalenn Forecasts (GLRE)
www.americanbankingnews.com - July 14 at 9:06 AM |
| Greenlight Capital investors pull out more than $400 million in H1: WSJ
finance.yahoo.com - July 14 at 2:20 AM |
| David Einhorn reportedly sees $400 million flee as another hedge-fund star faces massive outflows
finance.yahoo.com - July 14 at 2:20 AM |
| [$$] David Einhorn’s Hedge Fund Sheds More Than $400 Million in Investor Outflows
finance.yahoo.com - July 14 at 2:20 AM |
| FY2017 Earnings Forecast for Greenlight Reinsurance, Ltd. Issued By Langen Mcalenn (GLRE)
www.americanbankingnews.com - July 13 at 11:06 AM |
| Reviewing Axis Capital Holdings Limited (AXS) & Greenlight Capital Re (NASDAQ:GLRE)
www.americanbankingnews.com - July 13 at 12:24 AM |
| Insider Selling: Greenlight Reinsurance, Ltd. (GLRE) Director Sells 1,078 Shares of Stock
www.americanbankingnews.com - July 6 at 10:23 PM |
 | GREENLIGHT CAPITAL RE LTD
www.finanznachrichten.de - June 5 at 5:35 PM |
 | BRIEF-Greenlight Capital RE- simon Burton will be entitled to receive annual base salary of not less than US$650,000
www.reuters.com - June 2 at 6:50 PM |
 | Greenlight Capital Re, Ltd. Announces Appointment of Simon Burton as Chief Executive Officer
www.nasdaq.com - June 2 at 6:50 PM |
| Tracking David Einhorn's Portfolio - Q1 2017 Update
seekingalpha.com - May 17 at 10:29 AM |
| Nitorum Capital, L.P. Buys Gartner Inc, Cott Corp, Aramark, Sells VCA Inc, KAR Auction Services ...
www.nasdaq.com - May 16 at 11:31 AM |
 | Greenlight Capital Re Enters Oversold Territory (GLRE)
www.thestreet.com - May 4 at 5:37 PM |
 | Greenlight Capital Re posts 1Q profit
marketbeat.com - May 2 at 7:43 PM |
| BRIEF-Greenlight Re reports Q1 earnings per share $0.22
www.reuters.com - May 2 at 7:15 PM |
 | Greenlight Capital Re to Release First Quarter 2017 Results
globenewswire.com - April 20 at 5:34 PM |
 | [$$] GM Under Pressure From Investor David Einhorn to Split Stock in Two Classes
www.wsj.com - March 28 at 10:09 PM |
 | Activist targets GM share structure, board
us.rd.yahoo.com - March 28 at 5:07 PM |
Greenlight Reinsurance (GLRE) Chart for Friday, October, 20, 2017
