Third Point Reinsurance Ltd. (NYSE:TPRE) Experiences Heavier than Usual Trading Volume

Third Point Reinsurance Ltd. Co (NYSE:TPRE) 52-week high price stands at $15.10 and low price stands at $11.05, its price distance from 52-week high is 2.98% while its distance from 52-week low price is 40.72%. Swiss Bank has invested 0% in Third Point Reinsurance Ltd (NYSE:TPRE). The analyst recommendations from a month ago are 7 Buy, 1 Overweight, 0 Sell, 8 Hold and 0 Underweight. Morgan Stanley reaffirmed an "equal weight" rating and issued a $15.00 price objective (up previously from $14.00) on shares of Third Point Reinsurance in a research note on Friday, July 7th.

The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.80. The company now has an average rating of "Hold" and an average price target of $15.38.

Several analysts have released their opinion on Third Point Reinsurance Ltd. (NYSE:TPRE), with 1 analysts believing it is a strong buy. That puts the market capitalization at $1.65 bln. United Kingdom-based Barclays Plc has invested 0% in Third Point Reinsurance Ltd (NYSE:TPRE). The stock exchanged hands 4.15 Million shares versus average trading capacity of 497.13 Million shares, yielding a market cap of $1.65 Billion. The value of the investment in TPRE went from $101,231,000 to $45,808,000 a change of 54.7% quarter to quarter. They expect $0.42 EPS, down 38.24% or $0.26 from last year's $0.68 per share. Price T Rowe Associate Md holds 0.01% of its portfolio in Third Point Reinsurance Ltd (NYSE:TPRE) for 2.76M shares. The firm had revenue of $280.88 million during the quarter.

Third Point Reinsurance Present at the Keefe, Bruyette, & Woods 2017 Insurance Conference.

TRADEMARK VIOLATION NOTICE: This story was first posted by Week Herald and is the property of of Week Herald. If you are reading this story on another website, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark legislation. Keefe Bruyette & Woods maintained Third Point Reinsurance Ltd (NYSE:TPRE) on Thursday, August 3 with "Buy" rating.

Vonage Holdings a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The value in dollars went from $184,000 to $174,000 a change of 5.4% quarter to quarter. Ubs Group Ag claims 1,565 shares with a value of $22,000. Vanguard Group Inc. raised its holdings in shares of Third Point Reinsurance by 4.7% during the 2nd quarter. After this sale, 254,173 common shares of TPRE are directly owned by the insider, with total stake valued at $3,952,390.

Investors and Traders continue to monitor technical levels of shares of FuelCell Energy, Inc. Tudor Investment Corp Et Al acquired a new position in Third Point Reinsurance during the fourth quarter valued at $138,000. Ny State Common Retirement Fund holds 0% in Third Point Reinsurance Ltd (NYSE:TPRE) or 132,706 shares.

In other news, major shareholder Brook Lvr L.P. Pine sold 699,942 shares of Third Point Reinsurance stock in a transaction on Friday, February 3rd. Campbell & Co Investment Adviser Lc owns 12,178 shares for 0.16% of their portfolio.

For the Current Quarter, the growth estimate for Third Point Reinsurance -26.5%, while for the Next Quarter the stock growth estimate is 208.9%. Through the Company's reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company's divisions include Property and Casualty Reinsurance, and Corporate. The Company's investable assets are managed by its investment manager, Third Point LLC.

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