Press coverage about Greenlight Reinsurance (NASDAQ:GLRE) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Greenlight Reinsurance earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.0607286112081 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Greenlight Reinsurance (GLRE) opened at 20.85 on Tuesday. Greenlight Reinsurance has a 12-month low of $19.25 and a 12-month high of $24.10. The stock has a market cap of $778.56 million, a P/E ratio of 14.95 and a beta of 0.75. The company’s 50-day moving average is $21.98 and its 200-day moving average is $21.38.
Greenlight Reinsurance (NASDAQ:GLRE) last posted its earnings results on Monday, July 31st. The financial services provider reported ($0.96) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.00) by $0.04. The business had revenue of $121.48 million for the quarter, compared to analysts’ expectations of $139.90 million. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. On average, equities research analysts anticipate that Greenlight Reinsurance will post $0.70 earnings per share for the current year.
A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Greenlight Reinsurance from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Greenlight Reinsurance from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, September 6th. Finally, BidaskClub downgraded shares of Greenlight Reinsurance from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.
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In other Greenlight Reinsurance news, Director Leonard R. Goldberg sold 1,659 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $22.75, for a total transaction of $37,742.25. Following the transaction, the director now owns 170,021 shares in the company, valued at approximately $3,867,977.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sherry Diaz sold 3,055 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $23.00, for a total transaction of $70,265.00. Following the transaction, the insider now owns 33,500 shares in the company, valued at approximately $770,500. The disclosure for this sale can be found here. Insiders have sold a total of 7,546 shares of company stock worth $170,771 in the last 90 days. Company insiders own 21.81% of the company’s stock.
Greenlight Reinsurance Company Profile
Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.
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