NYSE:TPRE

Third Point Reinsurance Stock Forecast, Price & News

$10.23

+0.03 (+0.29 %)

(As of 03/3/2021 12:00 AM ET)

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Today's Range

$10.20

Now: $10.23▼

$10.51

50-Day Range

$9.23

MA: $9.96▼

$10.51

52-Week Range

$5.64

Now: $10.23▼

$11.23

Volume357,397 shs

Average Volume371,379 shs

Market Capitalization$977.81 million

P/E Ratio26.23

Dividend YieldN/A

Beta1.2

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners' and commercial, workers' compensation, personal automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and marine, travel, and extended warranty reinsurance products. The company was incorporated in 2011 and is based in Pembroke, Bermuda.

Headlines

AM Best Removes from Under Review with Developing Implications and Affirms Credit Ratings of SiriusPoint Ltd. and Its Rated Subsidiaries
March 3, 2021 | finance.yahoo.com

UPDATE 1-Loeb's Third Point hires Goldman research analyst Heath Terry
March 2, 2021 | finance.yahoo.com

Third Point Reinsurance's (TPRE) CEO Dan Malloy on Q4 2020 Results - Earnings Call Transcript
February 25, 2021 | seekingalpha.com

Recap: Third Point Reinsurance Q4 Earnings
February 23, 2021 | finance.yahoo.com

Third Point Re Announces Fourth Quarter 2020 Earnings Results
February 23, 2021 | finance.yahoo.com

Third Point Reinsurance Ltd. Announces Date for Fourth Quarter and Full Year 2020 Earnings Release
February 17, 2021 | finance.yahoo.com

What Is The Ownership Structure Like For Third Point Reinsurance Ltd. (NYSE:TPRE)?
February 15, 2021 | finance.yahoo.com

Third Point Reinsurance Ltd. Announces SiriusPoint Ltd. NYSE Ticker Symbol
February 12, 2021 | finance.yahoo.com

Loeb's Third Point praises Intel, avoids crowded short positions
February 10, 2021 | finance.yahoo.com

UPDATE 1-Loeb's Third Point praises Intel, avoids crowded short positions
February 10, 2021 | finance.yahoo.com

Loeb’s Third Point Made Money in January Amid Hedge Fund Turmoil
January 30, 2021 | finance.yahoo.com

Knicks cough up 13-point lead in third quarter, fall to Utah Jazz for third straight loss
January 27, 2021 | msn.com

Intel Up as Hedge Fund Third Point Urges Review of Alternatives
December 29, 2020 | finance.yahoo.com

Is TPRE A Good Stock To Buy Now?
December 18, 2020 | finance.yahoo.com

Third Pont Re gets shareholder approvals for Sirius Group merger
November 24, 2020 | seekingalpha.com

Third Point Re Shareholders Approve Issuance of Shares and Sirius Group Shareholders Approve Merger
November 24, 2020 | finance.yahoo.com

Third Point Reinsurance (NYSE:TPRE) Share Prices Have Dropped 47% In The Last Three Years
November 16, 2020 | finance.yahoo.com

13F filings hit the wire and Third Point boosted its tech exposure in third quarter
November 14, 2020 | cnbc.com

Third Point Reinsurance Ltd. (TPRE) CEO Daniel Malloy on Q3 2020 Results - Earnings Call Transcript
November 9, 2020 | seekingalpha.com

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors Of Investigation of Third Point Reinsurance Ltd. Merger
November 6, 2020 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:TPRE

Previous Symbol

CUSIPN/A

CIK1576018

Webwww.thirdpointre.com

Phone441-542-3300

Employees43

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.08

Current Ratio1.25

Quick Ratio1.25

Price-To-Earnings

Trailing P/E Ratio26.23

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$982.70 million

Price / Sales1.00

Cash Flow$2.17 per share

Price / Cash Flow4.72

Book Value$15.01 per share

Price / Book0.68

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$200.62 million

Net MarginsN/A

Return on Equity2.86%

Return on Assets1.13%

Miscellaneous

Outstanding Shares95,583,000

Market Cap$977.81 million

Next Earnings Date5/6/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.04 out of 5 stars

Finance Sector

1008th out of 1,944 stocks

Fire, Marine, & Casualty Insurance Industry

56th out of 91 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Third Point Reinsurance.

2.3 Community Rank

Outperform Votes
Third Point Reinsurance has received 257 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Third Point Reinsurance has received 291 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Third Point Reinsurance has received 53.10% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Third Point Reinsurance and other stocks. Vote “Outperform” if you believe TPRE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TPRE will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Third Point Reinsurance does not currently pay a dividend.
Dividend Growth
Third Point Reinsurance does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Third Point Reinsurance insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.93% of the stock of Third Point Reinsurance is held by insiders.
Percentage Held by Institutions
70.06% of the stock of Third Point Reinsurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Third Point Reinsurance is 26.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 32.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Third Point Reinsurance is 26.23, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.12.
Price to Book Value per Share Ratio
Third Point Reinsurance has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$10.23

+0.03 (+0.29 %)

(As of 03/3/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Third Point Reinsurance (NYSE:TPRE) Frequently Asked Questions

What stocks does MarketBeat like better than Third Point Reinsurance?

Wall Street analysts have given Third Point Reinsurance a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Third Point Reinsurance wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Third Point Reinsurance's next earnings date?

Third Point Reinsurance is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Third Point Reinsurance.

How were Third Point Reinsurance's earnings last quarter?

Third Point Reinsurance Ltd. (NYSE:TPRE) posted its quarterly earnings results on Tuesday, February, 23rd. The insurance provider reported $1.43 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.00 by $0.57.
View Third Point Reinsurance's earnings history.

How has Third Point Reinsurance's stock price been impacted by Coronavirus?

Third Point Reinsurance's stock was trading at $7.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TPRE stock has increased by 31.8% and is now trading at $10.23.
View which stocks have been most impacted by COVID-19.

Who are Third Point Reinsurance's key executives?

Third Point Reinsurance's management team includes the following people:

Mr. Daniel V. Malloy III, CEO, Pres & Director (Age 61, Pay $3.04M)
Mr. Christopher S. Coleman, Chief Financial Officer (Age 47, Pay $1.31M)
Ms. Janice R. Weidenborner, Exec. VP, Group Gen. Counsel & Sec. (Age 56, Pay $1.03M)
Mr. Nicholas James Douglas Campbell, Chief Risk Officer (Age 52, Pay $1.21M)
Mr. David William Junius, Chief Operating Officer
Mr. Justin J. Brenden, Exec. VP & Chief Reserving Actuary (Age 37)
Ms. Amanda Kisala, Sr. VP, Chief Pricing Actuary & Underwriter of Third Point Reinsurance Company Ltd.
Mr. David W. Sinclair, Sr. VP of Marketing & Investments of Third Point Re Marketing (UK) Limited
Mr. David E. Govrin, Head of Bus. Devel. & Pres of Third Point Reinsurance (USA) Ltd
Mr. Thomas Christopher Wafer, Pres of Third Point Reinsurance (USA) Ltd. (Age 65)

Who are some of Third Point Reinsurance's key competitors?

Some companies that are related to Third Point Reinsurance include Kinsale Capital Group (KNSL), White Mountains Insurance Group (WTM), Mercury General (MCY), Palomar (PLMR), Horace Mann Educators (HMN), James River Group (JRVR), Sirius International Insurance Group (SG), ProAssurance (PRA), Safety Insurance Group (SAFT), AMERISAFE (AMSF), Employers (EIG), BlackRock TCP Capital (TCPC), United Fire Group (UFCS), State Auto Financial (STFC) and Watford (WTRE).
View all of TPRE's competitors.

What other stocks do shareholders of Third Point Reinsurance own?

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), Energy Transfer (ET), Pfizer (PFE), General Electric (GE), Bed Bath & Beyond (BBBY), General Motors (GM), (PRMW), Trevena (TRVN) and Western Digital (WDC).

What is Third Point Reinsurance's stock symbol?

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

Who are Third Point Reinsurance's major shareholders?

Third Point Reinsurance's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.25%), Dimensional Fund Advisors LP (5.70%), Nuveen Asset Management LLC (1.41%), Norges Bank (1.33%), Northern Trust Corp (1.03%) and Bank of New York Mellon Corp (0.84%). Company insiders that own Third Point Reinsurance stock include Christopher S Coleman, Daniel V Malloy, Justin J Brenden, Medhi Mahmud and Sid Sankaran.
View institutional ownership trends for Third Point Reinsurance.

Which institutional investors are selling Third Point Reinsurance stock?

TPRE stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Nuveen Asset Management LLC, JPMorgan Chase & Co., Dimensional Fund Advisors LP, Northern Trust Corp, Adirondack Research & Management Inc., Principal Financial Group Inc., and Price T Rowe Associates Inc. MD.
View insider buying and selling activity for Third Point Reinsurance or view top insider-selling stocks.

Which institutional investors are buying Third Point Reinsurance stock?

TPRE stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., CI Investments Inc., Victory Capital Management Inc., Morgan Stanley, Clear Harbor Asset Management LLC, Rhumbline Advisers, and Credit Suisse AG. Company insiders that have bought Third Point Reinsurance stock in the last two years include Christopher S Coleman, Daniel V Malloy, Justin J Brenden, Medhi Mahmud, and Sid Sankaran.
View insider buying and selling activity for Third Point Reinsurance or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Third Point Reinsurance's stock price today?

One share of TPRE stock can currently be purchased for approximately $10.23.

How much money does Third Point Reinsurance make?

Third Point Reinsurance has a market capitalization of $977.81 million and generates $982.70 million in revenue each year.

How many employees does Third Point Reinsurance have?

Third Point Reinsurance employs 43 workers across the globe.

What is Third Point Reinsurance's official website?

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

Where are Third Point Reinsurance's headquarters?

Third Point Reinsurance is headquartered at 3 WATERLOO LANE, PEMBROKE D0, HM 08.

How can I contact Third Point Reinsurance?

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]

This page was last updated on 3/4/2021 by MarketBeat.com Staff

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