Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Greenlight Reinsurance (GLRE) Share Price

Media stories about Greenlight Reinsurance (NASDAQ:GLRE) have been trending somewhat positive on Thursday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Greenlight Reinsurance earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 48.4504466246294 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of brokerages have weighed in on GLRE. Zacks Investment Research raised Greenlight Reinsurance from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet raised Greenlight Reinsurance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, ValuEngine downgraded Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

Greenlight Reinsurance (NASDAQ GLRE) opened at $21.55 on Thursday. The firm has a market capitalization of $810.43, a P/E ratio of 19.73 and a beta of 0.79. Greenlight Reinsurance has a 12-month low of $19.70 and a 12-month high of $24.10.

Greenlight Reinsurance (NASDAQ:GLRE) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.26). Greenlight Reinsurance had a return on equity of 4.74% and a net margin of 5.91%. The business had revenue of $236.15 million for the quarter, compared to analyst estimates of $200.80 million. equities research analysts anticipate that Greenlight Reinsurance will post 0.05 earnings per share for the current fiscal year.

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About Greenlight Reinsurance

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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