About Third Point Reinsurance (NYSE:TPRE)
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
Trailing P/E Ratio5.34
Forward P/E Ratio11.61
Sales & Book Value
Annual Sales$939.01 million
Price / Sales1.53
Cash Flow$2.5827 per share
Price / Cash5.44
Book Value$15.47 per share
Price / Book0.91
EPS (Most Recent Fiscal Year)$2.63
Net Income$277.79 million
Return on Equity9.08%
Return on Assets3.26%
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 initiated a share repurchase 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 buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.
How were Third Point Reinsurance's earnings last quarter?
Third Point Reinsurance Ltd (NYSE:TPRE) issued its quarterly earnings data on Wednesday, May, 9th. The insurance provider reported ($0.26) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.22) by $0.04. The insurance provider earned $140.28 million during the quarter, compared to the consensus estimate of $155.43 million. Third Point Reinsurance had a return on equity of 9.08% and a net margin of 18.16%. 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 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 stock price to reach $17.6667 in the next twelve months. View Analyst Ratings for Third Point Reinsurance.
Who are some of Third Point Reinsurance's key competitors?
Some companies that are related to Third Point Reinsurance include Validus (VR), Hanover Insurance Group (THG), RenaissanceRe (RNR), Axis Capital (AXS), Enstar Group (ESGR), Kemper (KMPR), Selective Insurance Group (SIGI), White Mountains Insurance Group (WTM), RLI (RLI), National General (NGHC), AmTrust Financial Services (AFSI), Mercury General (MCY), Aspen Insurance (AHL), ProAssurance (PRA) and Horace Mann Educators (HMN).
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)
Has Third Point Reinsurance been receiving favorable news coverage?
News headlines about TPRE stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Third Point Reinsurance earned a media sentiment score of 0.13 on Accern's scale. They also assigned news articles about the insurance provider an impact score of 46.85 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Third Point Reinsurance's major shareholders?
Third Point Reinsurance's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.48%), Dimensional Fund Advisors LP (2.76%), Robeco Institutional Asset Management B.V. (1.50%), JPMorgan Chase & Co. (1.41%), Northern Trust Corp (1.08%) and Wells Fargo & Company MN (0.92%). Company insiders that own Third Point Reinsurance stock include Anthony Urban, Brook Lvr LP Pine, Christopher S Coleman, Daniel V Malloy, J Robert Bredahl 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 JPMorgan Chase & Co., Systematic Financial Management LP, Massachusetts Financial Services Co. MA, Jane Street Group LLC, BlackRock Inc., Royal Bank of Canada, Dupont Capital Management Corp and Engineers Gate Manager LP. Company insiders that have sold Third Point Reinsurance company stock in the last year include J Robert Bredahl and Tp Holdings LP Kia. View Insider Buying and Selling for Third Point Reinsurance.
Which institutional investors are buying Third Point Reinsurance stock?
TPRE stock was acquired by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, Dimensional Fund Advisors LP, Russell Investments Group Ltd., Robeco Institutional Asset Management B.V., Dean Investment Associates LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH and Wells Fargo & Company MN. 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 $14.05.
How big of a company is Third Point Reinsurance?
Third Point Reinsurance has a market capitalization of $1.44 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.
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 (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.