Sentiment for Third Point Reinsurance LTD (NYSE:TPRE)
Third Point Reinsurance LTD (NYSE:TPRE) institutional sentiment increased to 0.83 in Q4 2018. Its up 0.11, from 0.72 in 2018Q3. The ratio is better, as 57 funds started new and increased equity positions, while 69 sold and trimmed stakes in Third Point Reinsurance LTD. The funds in our partner’s database now hold: 59.96 million shares, down from 62.71 million shares in 2018Q3. Also, the number of funds holding Third Point Reinsurance LTD in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 15 Reduced: 54 Increased: 33 New Position: 24.
Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies in the Americas, Europe, the Middle East, Africa, and Asia. The company has market cap of $1.05 billion. The firm underwrites property, workers compensation, personal automobile, general and professional liability, mortgage, and extended warranty insurance products, as well as multi-line reinsurance products. It currently has negative earnings.
The stock increased 0.72% or $0.08 during the last trading session, reaching $11.2. About 877,541 shares traded or 49.21% up from the average. Third Point Reinsurance Ltd. (NYSE:TPRE) has declined 21.33% since March 17, 2018 and is downtrending. It has underperformed by 25.70% the S&P500.
Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on May, 8. They expect $0.24 EPS, up 192.31 % or $0.50 from last year’s $-0.26 per share. TPRE’s profit will be $22.46 million for 11.67 P/E if the $0.24 EPS becomes a reality. After $-3.24 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts -107.41 % EPS growth.
Kelso & Company L.P. holds 100% of its portfolio in Third Point Reinsurance Ltd. for 6.17 million shares. New Vernon Investment Management Llc owns 159,310 shares or 4.44% of their US portfolio. Moreover, Dean Capital Management has 1.9% invested in the company for 207,675 shares. The New York-based J. Goldman & Co Lp has invested 0.54% in the stock. Insight 2811 Inc., a Michigan-based fund reported 41,620 shares.
Since January 1, 0001, it had 1 buy, and 0 selling transactions for $51,450 activity.
More notable recent Third Point Reinsurance Ltd. (NYSE:TPRE) news were published by: Seekingalpha.com which released: “Daniel Loeb’s Third Point logs in worst year since 2008: WSJ – Seeking Alpha” on January 04, 2019, also Seekingalpha.com with their article: “Alleghany CEO Warns Re/insurers Not To Chase The ILS Tail (Risk) – Seeking Alpha” published on March 01, 2019, Businesswire.com published: “Third Point Nominates â€œShareholder Slateâ€ to Challenge Campbell’s Entrenched Board and â€œ#Refreshtherecipeâ€ – Business Wire” on September 07, 2018. More interesting news about Third Point Reinsurance Ltd. (NYSE:TPRE) were released by: Seekingalpha.com and their article: “Third Point (Dan Loeb) Q3 2018 Investor Letter: The Good Place – Seeking Alpha” published on November 10, 2018 as well as Businesswire.com‘s news article titled: “A.M. Best Affirms Credit Ratings of Third Point Reinsurance Ltd. and Its Subsidiaries – Business Wire” with publication date: March 28, 2018.