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.
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.
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