NYSE:TPRE - Third Point Reinsurance Stock Price, Forecast & News

Third Point Reinsurance trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPRE."

Third Point Reinsurance announced that its Board of Directors has approved a stock buyback plan on Thursday, March 1st 2018, which permits the company to repurchase $148,300,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Third Point Reinsurance Ltd (NYSE:TPRE) posted its quarterly earnings results on Tuesday, November, 5th. The insurance provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.03. The insurance provider earned $200.11 million during the quarter. View Third Point Reinsurance's Earnings History.

Third Point Reinsurance is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Third Point Reinsurance.

News stories about TPRE stock have been trending very positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Third Point Reinsurance earned a news sentiment score of 3.3 on InfoTrie's scale. They also assigned headlines about the insurance provider a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the next several days. View News Stories for Third Point Reinsurance.

Third Point Reinsurance saw a increase in short interest in January. As of January 15th, there was short interest totalling 1,770,000 shares, an increase of 18.8% from the December 31st total of 1,490,000 shares. Based on an average trading volume of 466,800 shares, the short-interest ratio is currently 3.8 days. Approximately 2.2% of the company's shares are short sold. View Third Point Reinsurance's Current Options Chain.

Some companies that are related to Third Point Reinsurance include Selective Insurance Group (SIGI), White Mountains Insurance Group (WTM), Mercury General (MCY), Kinsale Capital Group (KNSL), National General (NGHC), Horace Mann Educators (HMN), ProAssurance (PRA), Safety Insurance Group (SAFT), Employers (EIG), State Auto Financial (STFC), James River Group (JRVR), Amerisafe (AMSF), Palomar (PLMR), United Fire Group (UFCS) and Universal Insurance (UVE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Third Point Reinsurance investors own include Greenlight Capital Re (GLRE), Reinsurance Group of America (RGA), Arch Capital Group (ACGL), Bed Bath & Beyond (BBBY), Netflix (NFLX), Blue Capital Reinsurance (BCRH), Freeport-McMoRan (FCX), Global Partners (GLP), J C Penney (JCP) and Huntington Bancshares (HBAN).

Third Point Reinsurance's stock is owned by a number of of institutional and retail investors. Top institutional investors include California Public Employees Retirement System (0.18%), Virginia Retirement Systems ET AL (0.12%), Arizona State Retirement System (0.06%), SG Americas Securities LLC (0.03%), Louisiana State Employees Retirement System (0.03%) and FNY Investment Advisers LLC (0.00%). Company insiders that own Third Point Reinsurance stock include Daniel S Loeb, Daniel V Malloy, J Robert Bredahl and Nicholas J D Campbell. View Institutional Ownership Trends for Third Point Reinsurance.

TPRE stock was sold by a variety of institutional investors in the last quarter, including Arizona State Retirement System, Virginia Retirement Systems ET AL, Louisiana State Employees Retirement System and SG Americas Securities LLC. View Insider Buying and Selling for Third Point Reinsurance.

TPRE stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System and FNY Investment Advisers LLC. Company insiders that have bought Third Point Reinsurance stock in the last two years include Daniel V Malloy and Nicholas J D Campbell. View Insider Buying and Selling for Third Point Reinsurance.

Shares of TPRE 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, Robinhood, Fidelity and Charles Schwab.

One share of TPRE stock can currently be purchased for approximately $10.89.

Third Point Reinsurance has a market capitalization of $1.03 billion and generates $370.01 million in revenue each year. The insurance provider earns $-317,690,000.00 in net income (profit) each year or ($3.27) on an earnings per share basis. Third Point Reinsurance employs 31 workers across the globe.View Additional Information About Third Point Reinsurance.

The official website for Third Point Reinsurance is http://www.thirdpointre.com/.

Third Point Reinsurance's mailing address is 3 WATERLOO LANE, PEMBROKE D0, HM 08. The insurance provider can be reached via phone at 441-542-3300 or via email at [email protected]