DOWLING & PARTN Has Bearish Outlook for GLRE FY2026 Earnings

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Investment analysts at DOWLING & PARTN dropped their FY2026 EPS estimates for shares of Greenlight Capital Re in a report released on Thursday, June 18th. DOWLING & PARTN analyst A. Mottolese now forecasts that the financial services provider will post earnings of $1.80 per share for the year, down from their prior estimate of $2.00. The consensus estimate for Greenlight Capital Re’s current full-year earnings is $2.00 per share.

A number of other research firms also recently issued reports on GLRE. Weiss Ratings upgraded Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a research note on Tuesday, March 17th. Zacks Research upgraded Greenlight Capital Re to a “hold” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Greenlight Capital Re Trading Down 0.6%

GLRE opened at $15.97 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.46 and a quick ratio of 2.46. Greenlight Capital Re has a fifty-two week low of $11.56 and a fifty-two week high of $19.39. The firm has a market capitalization of $529.66 million, a PE ratio of 6.74 and a beta of 0.33. The company’s 50-day moving average is $17.14 and its 200 day moving average is $15.59.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.20). The business had revenue of $189.66 million during the quarter, compared to the consensus estimate of $160.88 million. Greenlight Capital Re had a net margin of 11.47% and a return on equity of 11.69%.

Hedge Funds Weigh In On Greenlight Capital Re

Large investors have recently made changes to their positions in the stock. Private Management Group Inc. grew its position in shares of Greenlight Capital Re by 25.6% in the fourth quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider’s stock valued at $21,903,000 after purchasing an additional 306,468 shares in the last quarter. Vanguard Group Inc. boosted its stake in Greenlight Capital Re by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock worth $18,667,000 after purchasing an additional 49,929 shares during the period. CWA Asset Management Group LLC grew its holdings in Greenlight Capital Re by 6.9% during the 4th quarter. CWA Asset Management Group LLC now owns 977,105 shares of the financial services provider’s stock valued at $14,246,000 after buying an additional 62,707 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Greenlight Capital Re by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock valued at $9,532,000 after buying an additional 2,180 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Greenlight Capital Re by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 340,375 shares of the financial services provider’s stock valued at $4,963,000 after buying an additional 13,430 shares during the period. 41.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, General Counsel David Sigmon sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $17.33, for a total transaction of $129,975.00. Following the sale, the general counsel directly owned 32,678 shares in the company, valued at approximately $566,309.74. This represents a 18.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Joseph P. Platt, Jr. sold 11,747 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $16.87, for a total transaction of $198,171.89. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,500 shares of company stock worth $1,097,117 over the last quarter. Company insiders own 24.67% of the company’s stock.

About Greenlight Capital Re

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.