NYSE:TPRE - Third Point Reinsurance Stock Price, News, & Analysis

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$11.21 +0.05 (+0.45 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$11.21
Today's Range$11.09 - $11.24
52-Week Range$8.85 - $14.90
Volume316,225 shs
Average Volume465,838 shs
Market Capitalization$1.06 billion
P/E Ratio55.80
Dividend YieldN/A
Beta0.97
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.

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Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone1-441-542-3300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$939.01 million
Cash Flow$2.5949 per share
Book Value$15.47 per share

Profitability

Net Income$277.79 million

Miscellaneous

Employees25
Market Cap$1.06 billion
Next Earnings Date2/27/2019 (Confirmed)
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 announced that its Board of Directors has approved a share repurchase program on Thursday, March 1st 2018, which authorizes the company to buyback $148,300,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is 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 (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?

Third Point Reinsurance is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Third Point Reinsurance.

What price target have analysts set for TPRE?

3 brokers have issued 12-month price targets for Third Point Reinsurance's shares. Their forecasts range from $13.00 to $17.00. On average, they anticipate Third Point Reinsurance's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 33.8% 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 articles about TPRE stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Third Point Reinsurance earned a news impact score of 1.7 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 effect on the company's share price in the next several days.

Who are some of Third Point Reinsurance's key 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 Bed Bath & Beyond (BBBY), J C Penney (JCP), TRI Pointe Group (TPH), Greenlight Capital Re (GLRE), Freeport-McMoRan (FCX), Ford Motor (F), Netflix (NFLX), MGIC Investment (MTG), Radian Group (RDN) and Uniti Group (UNIT).

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 many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.92%), Dimensional Fund Advisors LP (5.27%), Robeco Institutional Asset Management B.V. (1.76%), Massachusetts Financial Services Co. MA (1.07%), Northern Trust Corp (1.00%) and Bank of New York Mellon Corp (0.94%). Company insiders that own Third Point Reinsurance stock include 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 BlackRock Inc., First Trust Advisors LP, Los Angeles Capital Management & Equity Research Inc., Bank of New York Mellon Corp, Northern Trust Corp, Bank of America Corp DE, Geode Capital Management LLC and Jane Street Group LLC. 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 institutional investors are buying Third Point Reinsurance stock?

TPRE stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Oregon Public Employees Retirement Fund, Robeco Institutional Asset Management B.V., D. E. Shaw & Co. Inc., Massachusetts Financial Services Co. MA, South Dakota Investment Council, Hsbc Holdings PLC and Rhumbline Advisers. 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 $11.21.

How big of a company is Third Point Reinsurance?

Third Point Reinsurance has a market capitalization of $1.06 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.

What is Third Point Reinsurance's official website?

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

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  200 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  418
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.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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