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
Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
Phone1-441-542-3300
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$939.01 million
Profitability
Miscellaneous
Employees25
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 stock buyback program on Thursday, March 1st 2018, which allows the company to buyback $148,300,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.
How were Third Point Reinsurance's earnings last quarter?
Third Point Reinsurance Ltd (NYSE:TPRE) issued its earnings results on Tuesday, November, 6th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.19) by $0.05. The insurance provider had revenue of $124.40 million for the quarter. Third Point Reinsurance had a net margin of 3.89% and a return on equity of 1.50%. 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 analysts have issued 12 month target prices for Third Point Reinsurance's shares. Their predictions range from $13.00 to $17.00. On average, they anticipate Third Point Reinsurance's stock price to reach $15.00 in the next year. This suggests a possible upside of 46.9% 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 somewhat positive on Saturday, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Third Point Reinsurance earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave media coverage about the insurance provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the next several days.
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), AmTrust Financial Services (AFSI), White Mountains Insurance Group (WTM), National General (NGHC), Aspen Insurance (AHL), ProAssurance (PRA), Navigators Group (NAVG), Horace Mann Educators (HMN), State Auto Financial (STFC), Employers (EIG), Universal Insurance (UVE) and United Fire Group (UFCS).
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 56)
- Mr. Christopher S. Coleman, Chief Financial Officer (Age 45)
- Mr. Manoj K. Gupta, Head of IR & Bus. Devel. (Age 43)
- Mr. Nicholas James Douglas Campbell, Chief Risk Officer (Age 50)
- Mr. Daniel V. Malloy III, Chief Exec. Officer of Third Point Reinsurance Company Ltd (Age 59)
Who are Third Point Reinsurance's major shareholders?
Third Point Reinsurance's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include 6 Meridian (0.07%), Louisiana State Employees Retirement System (0.03%), State of Alaska Department of Revenue (0.03%) and First Hawaiian Bank (0.02%). 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 institutional investors are selling Third Point Reinsurance stock?
TPRE stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, First Hawaiian Bank, State of Alaska Department of Revenue and 6 Meridian. 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.
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 $10.21.
How big of a company is Third Point Reinsurance?
Third Point Reinsurance has a market capitalization of $972.77 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]
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.
