Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners, workers compensation, personal automobile, mortgage, and multi-line reinsurance; professional, transactional, and general liability reinsurance; and marine, travel, and extended warranty reinsurance products. The company was incorporated in 2011 and is based in Pembroke, Bermuda.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:TPRE
Previous Symbol
CUSIPN/A
Phone1-441-542-3300
Debt
Debt-to-Equity Ratio0.08
Current Ratio0.77
Quick Ratio0.77
Price-To-Earnings
Trailing P/E Ratio4.00
Forward P/E Ratio-6.31
P/E GrowthN/A
Sales & Book Value
Annual Sales$939.01 million
Price / Sales1.06
Cash Flow$2.5936 per share
Price / Cash4.06
Book Value$15.47 per share
Price / Book0.68
Profitability
EPS (Most Recent Fiscal Year)$2.63
Net Income$277.79 million
Net Margins3.89%
Return on Equity1.50%
Return on Assets0.54%
Miscellaneous
Employees25
Outstanding Shares94,170,000
Market Cap$986.90 million
OptionableOptionable
Third Point Reinsurance (NYSE:TPRE) Frequently Asked Questions
What is Third Point Reinsurance's stock symbol?
Third Point Reinsurance trades on the New York Stock Exchange (NYSE) under the ticker symbol "TPRE."
How will Third Point Reinsurance's stock buyback program work?
Third Point Reinsurance declared that its board has authorized a share buyback plan on Thursday, March 1st 2018, which authorizes the company to buyback $148,300,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.
How were Third Point Reinsurance's earnings last quarter?
Third Point Reinsurance Ltd (NYSE:TPRE) announced its quarterly earnings results on Tuesday, November, 6th. The insurance provider reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.05. The insurance provider had revenue of $124.40 million for the quarter. Third Point Reinsurance had a return on equity of 1.50% and a net margin of 3.89%. View Third Point Reinsurance's Earnings History.
When is Third Point Reinsurance's next earnings date?
What price target have analysts set for TPRE?
3 brokerages have issued 1-year target prices for Third Point Reinsurance's shares. Their forecasts range from $13.00 to $19.00. On average, they expect Third Point Reinsurance's share price to reach $16.3333 in the next year. This suggests a possible upside of 55.3% from the stock's current price. View Analyst Price Targets for Third Point Reinsurance.
What is the consensus analysts' recommendation 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.
Has Third Point Reinsurance been receiving favorable news coverage?
News stories about TPRE stock have been trending very positive on Monday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Third Point Reinsurance earned a media sentiment score of 3.1 on InfoTrie's scale. They also assigned news headlines about the insurance provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.
Are investors shorting Third Point Reinsurance?
Third Point Reinsurance saw a decline in short interest in October. As of October 15th, there was short interest totalling 1,037,021 shares, a decline of 47.2% from the September 28th total of 1,965,824 shares. Based on an average daily volume of 589,190 shares, the short-interest ratio is presently 1.8 days. Currently, 1.3% of the company's shares are sold short. View Third Point Reinsurance's Current Options Chain.
Who are some of Third Point Reinsurance's key competitors?
Some companies that are related to Third Point Reinsurance include Enstar Group (ESGR), Selective Insurance Group (SIGI), RLI (RLI), Mercury General (MCY), White Mountains Insurance Group (WTM), National General (NGHC), AmTrust Financial Services (AFSI), Aspen Insurance (AHL), ProAssurance (PRA), Navigators Group (NAVG), Horace Mann Educators (HMN), Universal Insurance (UVE), Employers (EIG), State Auto Financial (STFC) and Safety Insurance Group (SAFT).
Who are Third Point Reinsurance's key executives?
Third Point Reinsurance's management team includes the folowing people:
- Mr. James Robert Bredahl, Pres, CEO & Director (Age 55)
- Mr. Christopher S. Coleman, Chief Financial Officer (Age 44)
- Mr. Manoj K. Gupta, Head of IR & Bus. Devel. (Age 42)
- Mr. Nicholas James Douglas Campbell, Chief Risk Officer (Age 49)
- Mr. Daniel V. Malloy III, Chief Exec. Officer of Third Point Reinsurance Company Ltd (Age 58)
Who are Third Point Reinsurance's major shareholders?
Third Point Reinsurance's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.64%), Kelso & Company L.P. (6.19%), Dimensional Fund Advisors LP (4.40%), Capital International Investors (4.34%), Man Group plc (2.62%) and Capital World Investors (2.19%). 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, Nicholas J D Campbell and Tp Holdings LP Kia. View Institutional Ownership Trends for Third Point Reinsurance.
Which major investors are selling Third Point Reinsurance stock?
TPRE stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Kelso & Company L.P., AQR Capital Management LLC, Robeco Institutional Asset Management B.V., Chicago Equity Partners LLC, JPMorgan Chase & Co., JPMorgan Chase & Co. and BlackRock Inc.. Company insiders that have sold Third Point Reinsurance company stock in the last year include Daniel S Loeb and J Robert Bredahl. View Insider Buying and Selling for Third Point Reinsurance.
Which major investors are buying Third Point Reinsurance stock?
TPRE stock was bought by a variety of institutional investors in the last quarter, including Capital International Investors, Schroder Investment Management Group, Dimensional Fund Advisors LP, Matarin Capital Management LLC, Massachusetts Financial Services Co. MA, Renaissance Technologies LLC, Man Group plc and Russell Investments Group Ltd.. View Insider Buying and Selling for Third Point Reinsurance.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Third Point Reinsurance's stock price today?
One share of TPRE stock can currently be purchased for approximately $10.52.
How big of a company is Third Point Reinsurance?
Third Point Reinsurance has a market capitalization of $986.90 million 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.
What is Third Point Reinsurance's official website?
How can I contact Third Point Reinsurance?
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]e.bm.
MarketBeat Community Rating for Third Point Reinsurance (NYSE TPRE)
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.
