Short Interest Report: Could Third Point Reinsurance Limited (NYSE:TPRE) See a Reversal After Less Sellers Came In?

November 18, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Report: Could Third Point Reinsurance Limited (NYSE:TPRE) See a Reversal After Less Sellers Came In?

The stock of Third Point Reinsurance Limited (NYSE:TPRE) registered a decrease of 0.26% in short interest. TPRE’s total short interest was 2.57 million shares in November as published by FINRA. Its down 0.26% from 2.58M shares, reported previously. With 200,000 shares average volume, it will take short sellers 13 days to cover their TPRE’s short positions. The short interest to Third Point Reinsurance Limited’s float is 4.54%. The stock closed at $12.25 during the last session. It is down 9.38% since April 18, 2016 and is uptrending. It has outperformed by 4.94% the S&P500.

Third Point Reinsurance Ltd. is a holding company. The company has a market cap of $1.26 billion. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. It has a 11.08 P/E ratio. The Firm operates through two divisions: Property and Casualty Reinsurance, and Catastrophe Risk Management.

Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.22, from 0.73 in 2016Q1. The ratio is positive, as 9 funds sold all Third Point Reinsurance Ltd shares owned while 35 reduced positions. 15 funds bought stakes while 17 increased positions. They now own 75.24 million shares or 4.66% more from 71.88 million shares in 2016Q1.
Voya Inv Mgmt Lc holds 26,791 shares or 0% of its portfolio. Swiss Bancshares holds 0% or 100,400 shares in its portfolio. Wells Fargo And Mn last reported 0% of its portfolio in the stock. Aqr Management Ltd Liability Company, a Connecticut-based fund reported 38,532 shares. Credit Suisse Ag has invested 0% of its portfolio in Third Point Reinsurance Ltd (NYSE:TPRE). Goldman Sachs Gp, a New York-based fund reported 813,887 shares. Manufacturers Life Ins The has 0% invested in the company for 42,808 shares. Fmr Lc accumulated 0% or 46,300 shares. Wedge Mngmt L L P Nc owns 694,045 shares or 0.45% of their US portfolio. Arbiter Prtnrs Limited Co accumulated 67,500 shares or 0.1% of the stock. Creative Planning last reported 88 shares in the company. Brandywine Global Mngmt Ltd Limited Liability Company holds 0.03% of its portfolio in Third Point Reinsurance Ltd (NYSE:TPRE) for 321,017 shares. Teachers Incorporated reported 108,351 shares or 0% of all its holdings. Pnc Financial Services Grp reported 383 shares or 0% of all its holdings. Deutsche Bankshares Ag has invested 0% of its portfolio in Third Point Reinsurance Ltd (NYSE:TPRE).

Insider Transactions: Since September 13, 2016, the stock had 0 buys, and 2 insider sales for $15.03 million net activity. PINE BROOK LVR – L.P. had sold 1.00 million shares worth $12.25 million. The insider Urban Anthony sold 225,000 shares worth $2.78M.

Third Point Reinsurance Ltd (NYSE:TPRE) Ratings Coverage

Out of 4 analysts covering Third Point Reinsurance (NYSE:TPRE), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Third Point Reinsurance has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wood on Thursday, October 1. The firm has “Buy” rating by Compass Point given on Wednesday, September 2.

TPRE Company Profile

Third Point Reinsurance Ltd., incorporated on October 6, 2011, is a holding company. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Firm operates through two divisions: Property and Casualty Reinsurance, and Catastrophe Risk Management. The Property and Casualty Reinsurance segment provides reinsurance products to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Catastrophe Risk Management segment is engaged in the underwriting of property catastrophe exposures. The Company’s investable assets are managed by its investment manager, Third Point LLC. The Firm 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’s business is sourced through reinsurance brokers. The Firm also acts as the underwriter for most of the premium that it underwrites.

More recent Third Point Reinsurance Ltd (NYSE:TPRE) news were published by: Prnewswire.com which released: “Third Point Reinsurance Ltd. Announces Resignation of William Spiegel as a …” on September 01, 2016. Also Bloomberg.com published the news titled: “Loeb Hedge Fund Lowers Fees for Slumping Third Point Reinsurer” on June 28, 2016. Streetinsider.com‘s news article titled: “Third Point Reinsurance Ltd. (TPRE) Tops Q3 EPS by 10c” with publication date: November 03, 2016 was also an interesting one.

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By Marie Mckinney


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