Third Point Reinsurance (NYSE:TPRE) Receiving Somewhat Positive Media Coverage, Analysis Shows

Media coverage about Third Point Reinsurance (NYSE:TPRE) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Third Point Reinsurance earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 46.0964545488286 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Third Point Reinsurance (TPRE) opened at $14.15 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.68 and a quick ratio of 0.68. Third Point Reinsurance has a 52-week low of $11.05 and a 52-week high of $17.10. The company has a market capitalization of $1,519.47, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 0.46 and a beta of 1.27.

Third Point Reinsurance (NYSE:TPRE) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). Third Point Reinsurance had a return on equity of 12.12% and a net margin of 20.78%. sell-side analysts forecast that Third Point Reinsurance will post 2.71 earnings per share for the current year.

A number of brokerages recently commented on TPRE. Keefe, Bruyette & Woods lowered Third Point Reinsurance from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, October 5th. ValuEngine upgraded Third Point Reinsurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Finally, Morgan Stanley upped their target price on Third Point Reinsurance from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.33.

In other news, major shareholder Tp Holdings L.P. Kia sold 15,000,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $15.57, for a total transaction of $233,550,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 36.93% of the company’s stock.

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Third Point Reinsurance Company Profile

Third Point Reinsurance Ltd. is a holding company. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company’s segments include Property and Casualty Reinsurance, and Corporate. The Company’s investable assets are managed by its investment manager, Third Point LLC.

Insider Buying and Selling by Quarter for Third Point Reinsurance (NYSE:TPRE)

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