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

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

Third Point Reinsurance announced that its board has initiated a share buyback program on Thursday, March 1st 2018, which permits the company to repurchase $148,300,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Third Point Reinsurance Ltd (NYSE:TPRE) released its quarterly earnings results on Tuesday, July, 31st. The insurance provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.14. The insurance provider earned $172.67 million during the quarter, compared to analysts' expectations of $122.59 million. Third Point Reinsurance had a return on equity of 5.66% and a net margin of 13.15%. View Third Point Reinsurance's Earnings History.

Third Point Reinsurance is scheduled to release their next quarterly earnings announcement on Wednesday, November, 14th 2018. View Earnings Estimates for Third Point Reinsurance.

3 equities research analysts have issued 12 month price targets for Third Point Reinsurance's stock. Their predictions range from $17.00 to $19.00. On average, they expect Third Point Reinsurance's share price to reach $17.6667 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price. View Analyst Price Targets for Third Point Reinsurance.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Third Point Reinsurance in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Third Point Reinsurance.

Some companies that are related to Third Point Reinsurance include Hanover Insurance Group (THG), Axis Capital (AXS), Enstar Group (ESGR), Selective Insurance Group (SIGI), RLI (RLI), White Mountains Insurance Group (WTM), Mercury General (MCY), AmTrust Financial Services (AFSI), National General (NGHC), ProAssurance (PRA), Aspen Insurance (AHL), Navigators Group (NAVG), Horace Mann Educators (HMN), Universal Insurance (UVE) and Infinity Property and Casualty (IPCC).

News coverage about TPRE stock has trended somewhat positive on Tuesday, Accern reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Third Point Reinsurance earned a daily sentiment score of 0.18 on Accern's scale. They also gave headlines about the insurance provider an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Third Point Reinsurance.

Third Point Reinsurance's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.75%), Kelso & Company L.P. (9.78%), Dimensional Fund Advisors LP (3.40%), Robeco Institutional Asset Management B.V. (1.66%), Bank of New York Mellon Corp (1.04%) and Bank of New York Mellon Corp (1.04%). Company insiders that own Third Point Reinsurance stock include Brook Lvr LP Pine, Christopher S Coleman, Daniel S Loeb, Daniel V Malloy, J Robert Bredahl and Tp Holdings LP Kia. View Institutional Ownership Trends for Third Point Reinsurance.

TPRE stock was sold by a variety of institutional investors in the last quarter, including Chicago Equity Partners LLC, Wells Fargo & Company MN, Russell Investments Group Ltd., Citadel Advisors LLC, Northern Trust Corp, Virginia Retirement Systems ET AL, Bank of New York Mellon Corp and Bank of New York Mellon Corp. Company insiders that have sold Third Point Reinsurance company stock in the last year include Daniel S Loeb, J Robert Bredahl and Tp Holdings LP Kia. View Insider Buying and Selling for Third Point Reinsurance.

TPRE stock was purchased by a variety of institutional investors in the last quarter, including Kelso & Company L.P., BlackRock Inc., Dimensional Fund Advisors LP, James Investment Research Inc., Renaissance Technologies LLC, Robeco Institutional Asset Management B.V., Massachusetts Financial Services Co. MA and Cubist Systematic Strategies LLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of TPRE stock can currently be purchased for approximately $13.20.

Third Point Reinsurance has a market capitalization of $1.32 billion and generates $939.01 million in revenue each year. The insurance provider earns $277.79 million in net income (profit) each year or $2.63 on an earnings per share basis. Third Point Reinsurance employs 25 workers across the globe.

Third Point Reinsurance's mailing address is POINT HOUSE 3 WATERLOO LANE, PEMBROKE D0, HM 08. The insurance provider can be reached via phone at 1-441-542-3300 or via email at [email protected]