Third Point Reinsurance Company Profile (NYSE:TPRE)

About Third Point Reinsurance (NYSE:TPRE)

Third Point Reinsurance logoThird Point Reinsurance Ltd. is a holding company. Through the Company's reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company's segments include Property and Casualty Reinsurance, and Corporate. The Company's investable assets are managed by its investment manager, Third Point LLC. The Company also writes reinsurance contracts that provide protection against adverse development on loss reserves. Through Third Point LLC, the Company makes investments globally in all sectors, and in equity, credit, commodity, currency, options and other instruments. The Company also acts as the underwriter for the majority of the premium that it underwrites. The Company writes reinsurance contracts covering product lines, such as property, workers' compensation, auto, general liability, professional liability, credit and financial lines, and multi-line.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Reinsurance
  • Sub-Industry: N/A
  • Symbol: NYSE:TPRE
  • CUSIP: N/A
  • Web: www.thirdpointre.com
Capitalization:
  • Market Cap: $1.45741 billion
  • Outstanding Shares: 104,926,000
Average Prices:
  • 50 Day Moving Avg: $13.74
  • 200 Day Moving Avg: $12.40
  • 52 Week Range: $11.05 - $14.55
P/E:
  • Trailing P/E Ratio: 8.03
  • Foreward P/E Ratio: 6.98
  • P/E Growth: 0.36
Sales & Book Value:
  • Annual Revenue: $861.79 million
  • Price / Sales: 1.72
  • Book Value: $14.31 per share
  • Price / Book: 0.99
Profitability:
  • Net Margins: 21.30%
  • Return on Equity: 12.53%
  • Return on Assets: 4.55%
Debt:
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 0.61%
  • Quick Ratio: 0.61%
Misc:
  • Average Volume: 601,286 shs.
  • Beta: 1.22
  • Short Ratio: 1.88
 

Frequently Asked Questions for Third Point Reinsurance (NYSE:TPRE)

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 were Third Point Reinsurance's earnings last quarter?

Third Point Reinsurance Ltd. (NYSE:TPRE) issued its earnings results on Thursday, November, 3rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.10. The business earned $216.54 million during the quarter, compared to analysts' expectations of $158.35 million. Third Point Reinsurance had a net margin of 21.30% and a return on equity of 12.53%. View Third Point Reinsurance's Earnings History.

When will Third Point Reinsurance make its next earnings announcement?

Third Point Reinsurance is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Third Point Reinsurance.

Where is Third Point Reinsurance's stock going? Where will Third Point Reinsurance's stock price be in 2017?

3 brokers have issued 12-month price targets for Third Point Reinsurance's stock. Their forecasts range from $15.00 to $15.00. On average, they expect Third Point Reinsurance's stock price to reach $15.00 in the next twelve months. View Analyst Ratings for Third Point Reinsurance.

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

Who are Third Point Reinsurance's key executives?

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

  • John R. Berger, Chairman of the Board, Chief Executive Officer of Third Point Reinsurance (USA) Ltd
  • J. Robert Bredahl, President, Chief Executive Officer, Chief Executive Officer of Third Point Reinsurance Company Ltd.
  • Christopher S. Coleman, Chief Financial Officer
  • Thomas C. Wafer, President - Third Point Re USA
  • Janice R. Weidenborner, Executive Vice President, Group General Counsel
  • Yan Leclerc, Chief Accounting Officer
  • Manoj K. Gupta, Head - Investor Relations and Business Development, Executive Vice President, Underwriting of Third Point Reinsurance (USA) Ltd
  • Daniel V. Malloy, Chief Underwriting Officer of Third Point Reinsurance Company Ltd
  • Jonathan Norton, Chief Reserving Actuary
  • Steven E. Fass, Lead Independent Director

Who owns Third Point Reinsurance stock?

Third Point Reinsurance's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Kelso & Company L.P. (23.83%), Legato Capital Management LLC (0.05%), NN Investment Partners Holdings N.V. (0.03%) and Fox Run Management L.L.C. (0.01%). 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 John R Berger. View Institutional Ownership Trends for Third Point Reinsurance.

Who bought Third Point Reinsurance stock? Who is buying Third Point Reinsurance stock?

Third Point Reinsurance's stock was purchased by a variety of institutional investors in the last quarter, including Legato Capital Management LLC, NN Investment Partners Holdings N.V. and Fox Run Management L.L.C.. View Insider Buying and Selling for Third Point Reinsurance.

How do I buy Third Point Reinsurance stock?

Shares of Third Point Reinsurance can be purchased through any online brokerage account. Popular online brokerages 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 Third Point Reinsurance stock can currently be purchased for approximately $14.10.


MarketBeat Community Rating for Third Point Reinsurance (NYSE TPRE)
Community Ranking:  1.7 out of 5 ()
Outperform Votes:  53 (Vote Outperform)
Underperform Votes:  102 (Vote Underperform)
Total Votes:  155
MarketBeat's community ratings are surveys of what our community members think about Third Point Reinsurance and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Third Point Reinsurance (NYSE:TPRE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $15.00 (6.38% upside)

Analysts' Ratings History for Third Point Reinsurance (NYSE:TPRE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/7/2017Morgan StanleyReiterated RatingEqual Weight$14.00 -> $15.00MediumView Rating Details
5/15/2017Keefe, Bruyette & WoodsUpgradeMkt Perform -> OutperformMediumView Rating Details
11/4/2016J P Morgan Chase & CoReiterated RatingHold$15.00N/AView Rating Details
2/29/2016Compass PointLower Price TargetBuy$16.00 -> $15.00N/AView Rating Details
(Data available from 7/20/2015 forward)

Earnings

Earnings History for Third Point Reinsurance (NYSE:TPRE)
Earnings by Quarter for Third Point Reinsurance (NYSE:TPRE)
Earnings History by Quarter for Third Point Reinsurance (NYSE TPRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/2/2017$0.70N/AView Earnings Details
2/23/2017Q416($0.52)($0.45)$93.25 million$156.32 millionViewN/AView Earnings Details
11/3/2016Q316$0.58$0.68$158.35 million$216.54 millionViewN/AView Earnings Details
8/4/2016Q216$0.62$0.51$197.10 million$196.90 millionViewN/AView Earnings Details
5/5/2016Q116($0.50)($0.49)$229.70 million$197.20 millionViewN/AView Earnings Details
2/25/2016Q415$0.49$0.39$152.30 million$195.92 millionViewListenView Earnings Details
11/3/2015Q315($1.87)($1.88)$159.90 million$15.65 millionViewN/AView Earnings Details
8/5/2015Q215$0.28$0.29$181.65 million$159.19 millionViewN/AView Earnings Details
5/7/2015$0.48$0.47$203.99 millionViewN/AView Earnings Details
2/26/2015Q414($0.09)($0.14)$186.70 million$183.60 millionViewN/AView Earnings Details
11/6/2014Q314($0.01)($0.06)$51.70 million$110.50 millionViewN/AView Earnings Details
8/7/2014$0.26$0.29$119.24 millionViewN/AView Earnings Details
5/8/2014Q413$0.42$0.37$112.00 million$123.30 millionViewN/AView Earnings Details
11/12/2013Q313$0.43$0.46$89.08 million$119.70 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Third Point Reinsurance (NYSE:TPRE)
Current Year EPS Consensus Estimate: $2.61 EPS
Next Year EPS Consensus Estimate: $2.02 EPS

Dividends

Dividend History for Third Point Reinsurance (NYSE:TPRE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Third Point Reinsurance (NYSE:TPRE)
Insider Ownership Percentage: 36.93%
Institutional Ownership Percentage: 68.69%
Insider Trades by Quarter for Third Point Reinsurance (NYSE:TPRE)
Institutional Ownership by Quarter for Third Point Reinsurance (NYSE:TPRE)
Insider Trades by Quarter for Third Point Reinsurance (NYSE:TPRE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/21/2017J. Robert BredahlInsiderSell80,000$14.11$1,128,800.00View SEC Filing  
5/31/2017Christopher S. ColemanCFOSell5,000$13.00$65,000.00View SEC Filing  
5/26/2017Christopher S. ColemanCFOSell5,000$12.75$63,750.00View SEC Filing  
5/25/2017Daniel V. MalloyInsiderSell20,000$12.65$253,000.00View SEC Filing  
2/3/2017Brook Lvr L.P. PineMajor ShareholderSell699,942$11.54$8,077,330.68View SEC Filing  
1/20/2017Brook Lvr L.P. PineMajor ShareholderSell25,825$11.16$288,207.00View SEC Filing  
1/18/2017Brook Lvr L.P. PineMajor ShareholderSell6,200$11.31$70,122.00View SEC Filing  
1/17/2017Brook Lvr L.P. PineMajor ShareholderSell31,055$11.30$350,921.50View SEC Filing  
1/13/2017Brook Lvr L.P. PineMajor ShareholderSell50,309$11.42$574,528.78View SEC Filing  
1/12/2017Brook Lvr L.P. PineMajor ShareholderSell291,638$11.51$3,356,753.38View SEC Filing  
9/15/2016Anthony UrbanInsiderSell225,000$12.36$2,781,000.00View SEC Filing  
8/14/2015Anthony UrbanInsiderSell39,442$13.95$550,215.90View SEC Filing  
8/13/2015John R BergerCEOBuy30,000$13.96$418,800.00View SEC Filing  
7/1/2015Daniel S LoebMajor ShareholderBuy2,840,898$10.00$28,408,980.00View SEC Filing  
10/27/2014Daniel S LoebMajor ShareholderBuy1,857,704$5.00$9,288,520.00View SEC Filing  
8/13/2014Anthony UrbanEVPSell60,000$15.03$901,800.00View SEC Filing  
3/3/2014Joshua TargoffDirectorBuy40,000$15.09$603,600.00View SEC Filing  
12/5/2013Neil McconachieDirectorBuy25,500$17.17$437,835.00View SEC Filing  
8/20/2013Christopher S ColemanCAOBuy25,000$12.50$312,500.00View SEC Filing  
8/20/2013Michael McknightInsiderBuy43,000$12.50$537,500.00View SEC Filing  
8/20/2013Tonya L MarshallEVPBuy32,000$12.50$400,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Third Point Reinsurance (NYSE:TPRE)
Latest Headlines for Third Point Reinsurance (NYSE:TPRE)
Source:
DateHeadline
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - July 18 at 7:22 PM
americanbankingnews.com logoAnalyzing Third Point Reinsurance (TPRE) & Everest Re Group (RE)
www.americanbankingnews.com - July 18 at 10:49 AM
zacks.com logoWhy Third Point Reinsurance (TPRE) Could Be an Impressive Growth Stock
www.zacks.com - July 11 at 8:36 AM
americanbankingnews.com logoZacks Investment Research Upgrades Third Point Reinsurance Ltd. (NYSE:TPRE) to "Buy"
www.americanbankingnews.com - July 8 at 7:50 AM
americanbankingnews.com logoThird Point Reinsurance Ltd. (TPRE) Receives Equal Weight Rating from Morgan Stanley
www.americanbankingnews.com - July 7 at 7:54 AM
americanbankingnews.com logoBidaskClub Lowers Third Point Reinsurance Ltd. (NYSE:TPRE) to Hold
www.americanbankingnews.com - July 1 at 3:10 PM
americanbankingnews.com logo Brokerages Anticipate Third Point Reinsurance Ltd. (TPRE) Will Post Earnings of $0.52 Per Share
www.americanbankingnews.com - June 28 at 10:08 PM
americanbankingnews.com logoThird Point Reinsurance Ltd. (TPRE) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - June 23 at 5:06 PM
americanbankingnews.com logoThird Point Reinsurance Ltd. (TPRE) Upgraded by BidaskClub to Buy
www.americanbankingnews.com - June 23 at 3:54 PM
americanbankingnews.com logoThird Point Reinsurance Ltd. (TPRE) Insider Sells $1,128,800.00 in Stock
www.americanbankingnews.com - June 22 at 7:28 PM
americanbankingnews.com logo Third Point Reinsurance Ltd. (TPRE) Given $14.75 Consensus Target Price by Analysts
www.americanbankingnews.com - June 22 at 12:24 PM
finance.yahoo.com logoETFs with exposure to Third Point Reinsurance Ltd. : June 14, 2017
finance.yahoo.com - June 15 at 2:30 AM
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) Rating Lowered to Buy at ValuEngine
www.americanbankingnews.com - June 2 at 11:40 PM
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) Expected to Post Earnings of $0.52 Per Share
www.americanbankingnews.com - June 2 at 8:32 PM
finance.yahoo.com logoETFs with exposure to Third Point Reinsurance Ltd. : June 2, 2017
finance.yahoo.com - June 2 at 3:31 PM
finance.yahoo.com logoThird Point Reinsurance Ltd. :TPRE-US: Earnings Analysis: Q1, 2017 By the Numbers : June 1, 2017
finance.yahoo.com - June 2 at 2:27 AM
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) CFO Christopher S. Coleman Sells 5,000 Shares
www.americanbankingnews.com - June 1 at 8:33 PM
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) Upgraded to "Outperform" by Keefe, Bruyette & Woods
www.americanbankingnews.com - May 28 at 9:32 PM
americanbankingnews.com logoInsider Selling: Third Point Reinsurance Ltd (TPRE) Insider Sells 20,000 Shares of Stock
www.americanbankingnews.com - May 25 at 7:44 PM
finance.yahoo.com logoThird Point Reinsurance Ltd. – Value Analysis (NYSE:TPRE) : May 22, 2017
finance.yahoo.com - May 22 at 7:16 PM
finance.yahoo.com logoThird Point Reinsurance Ltd. breached its 50 day moving average in a Bullish Manner : TPRE-US : May 19, 2017
finance.yahoo.com - May 19 at 1:17 PM
americanbankingnews.com logo$0.38 EPS Expected for Third Point Reinsurance Ltd (TPRE) This Quarter
www.americanbankingnews.com - May 9 at 10:06 AM
streetinsider.com logoKeefe, Bruyette & Woods Upgrades Third Point Reinsurance (TPRE) to Outperform
www.streetinsider.com - May 8 at 9:55 AM
zacks.com logoShould Value Investors Pick Third Point Reinsurance (TPRE) Stock?
www.zacks.com - May 8 at 9:55 AM
finance.yahoo.com logoThird Point Reinsurance Ltd. breached its 50 day moving average in a Bearish Manner : TPRE-US : May 8, 2017
finance.yahoo.com - May 8 at 9:55 AM
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) Upgraded at TheStreet
www.americanbankingnews.com - May 7 at 11:52 PM
finance.yahoo.com logoEdited Transcript of TPRE earnings conference call or presentation 5-May-17 12:30pm GMT
finance.yahoo.com - May 6 at 9:13 AM
seekingalpha.com logoThird Point Reinsurance's (TPRE) CEO John Berger on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 11:38 PM
finance.yahoo.com logoThird Point Reinsurance posts 1Q profit
finance.yahoo.com - May 5 at 8:21 AM
finance.yahoo.com logoThird Point Re Reports First Quarter 2017 Earnings Results
finance.yahoo.com - May 5 at 12:41 AM
americanbankingnews.com logoThird Point Reinsurance (TPRE) Given Daily News Sentiment Rating of 0.27
www.americanbankingnews.com - May 3 at 8:34 PM
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) Scheduled to Post Quarterly Earnings on Thursday
www.americanbankingnews.com - May 2 at 3:36 PM
americanbankingnews.com logoThird Point Reinsurance (TPRE) Earning Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 26 at 5:12 PM
finance.yahoo.com logoThird Point Reinsurance Ltd. breached its 50 day moving average in a Bullish Manner : TPRE-US : April 26, 2017
finance.yahoo.com - April 26 at 8:43 AM
americanbankingnews.com logoThird Point Reinsurance (TPRE) Earns Daily News Impact Score of 0.27
www.americanbankingnews.com - April 22 at 2:25 PM
prnewswire.com logoThird Point Reinsurance Ltd. Announces Date for First Quarter 2017 Earnings ...
www.prnewswire.com - April 22 at 11:13 AM
finance.yahoo.com logoThird Point Reinsurance Ltd. Announces Date for First Quarter 2017 Earnings Release
finance.yahoo.com - April 20 at 10:34 PM
americanbankingnews.com logoThird Point Reinsurance (TPRE) Receiving Somewhat Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 19 at 9:45 AM
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) Expected to Post Earnings of $0.79 Per Share
www.americanbankingnews.com - April 18 at 2:56 PM
finance.yahoo.com logoThird Point Reinsurance Ltd. Appoints David Govrin Executive Vice President, Underwriting for Third Point Reinsurance (USA) Ltd.
finance.yahoo.com - April 10 at 7:47 PM
finance.yahoo.com logoA.M. Best Affirms Credit Ratings of Third Point Reinsurance Ltd. and Its Subsidiaries
finance.yahoo.com - March 28 at 8:12 PM
americanbankingnews.com logoThird Point Reinsurance Ltd (TPRE) Receives Consensus Rating of “Hold” from Brokerages
www.americanbankingnews.com - March 9 at 3:39 PM
finance.yahoo.com logoEdited Transcript of TPRE earnings conference call or presentation 24-Feb-17 1:30pm GMT
finance.yahoo.com - February 25 at 3:49 AM
biz.yahoo.com logoTHIRD POINT REINSURANCE LTD. Files SEC form 10-K, Annual Report
biz.yahoo.com - February 25 at 3:49 AM
bloomberg.com logoLoeb Embraces Trump ‘Paradigm Shift,’ Says Stocks Not Overvalued
www.bloomberg.com - February 24 at 11:08 AM
biz.yahoo.com logoQ4 2016 Third Point Reinsurance Ltd Earnings Release - After Market Close
us.rd.yahoo.com - February 23 at 10:21 PM
biz.yahoo.com logoTHIRD POINT REINSURANCE LTD. Files SEC form 8-K, Results of Operations and Financial Condition
us.rd.yahoo.com - February 23 at 10:21 PM
us.rd.yahoo.com logoThird Point Re Reports Fourth Quarter 2016 Earnings Results
us.rd.yahoo.com - February 23 at 10:21 PM
us.rd.yahoo.com logoThird Point Reinsurance Ltd. Announces CEO Transition
us.rd.yahoo.com - February 23 at 10:21 PM
us.rd.yahoo.com logo4:25 pm Third Point Reinsurance Chairman and CEO John Berger will be stepping down as CEO; President and COO Robert Bredahl will succeed Berger as CEO effective March 1, 2017
us.rd.yahoo.com - February 23 at 10:21 PM

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Chart

Third Point Reinsurance (TPRE) Chart for Thursday, July, 20, 2017

This page was last updated on 7/20/2017 by MarketBeat.com Staff