Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) insider Sherry Diaz sold 3,055 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $23.00, for a total value of $70,265.00. Following the sale, the insider now directly owns 33,500 shares in the company, valued at approximately $770,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) traded down 0.44% during midday trading on Friday, reaching $22.80. The company’s stock had a trading volume of 184,117 shares. Greenlight Reinsurance, Ltd. has a 12 month low of $19.25 and a 12 month high of $24.10. The company has a market cap of $851.37 million, a PE ratio of 16.34 and a beta of 0.77. The stock has a 50-day moving average price of $21.40 and a 200 day moving average price of $21.56.

Greenlight Reinsurance (NASDAQ:GLRE) last released its quarterly earnings results on Monday, July 31st. The financial services provider reported ($0.96) EPS for the quarter, beating analysts’ consensus estimates of ($1.00) by $0.04. The firm had revenue of $121.48 million during the quarter, compared to analyst estimates of $139.90 million. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. Analysts expect that Greenlight Reinsurance, Ltd. will post $0.80 earnings per share for the current fiscal year.

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A number of equities research analysts recently issued reports on the company. ValuEngine raised Greenlight Reinsurance from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research upgraded Greenlight Reinsurance from a “sell” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, August 4th. BidaskClub upgraded Greenlight Reinsurance from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, TheStreet cut Greenlight Reinsurance from a “b-” rating to a “c+” rating in a research note on Tuesday, May 9th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLRE. Vanguard Group Inc. raised its position in Greenlight Reinsurance by 3.0% in the second quarter. Vanguard Group Inc. now owns 2,513,766 shares of the financial services provider’s stock worth $52,538,000 after buying an additional 73,367 shares during the period. Northern Trust Corp raised its position in Greenlight Reinsurance by 3.1% in the second quarter. Northern Trust Corp now owns 373,483 shares of the financial services provider’s stock worth $7,805,000 after buying an additional 11,095 shares during the period. GSA Capital Partners LLP raised its position in Greenlight Reinsurance by 27.1% in the second quarter. GSA Capital Partners LLP now owns 32,162 shares of the financial services provider’s stock worth $672,000 after buying an additional 6,862 shares during the period. Menta Capital LLC raised its position in Greenlight Reinsurance by 78.0% in the second quarter. Menta Capital LLC now owns 47,922 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 20,999 shares during the period. Finally, New York State Common Retirement Fund raised its position in Greenlight Reinsurance by 12.5% in the second quarter. New York State Common Retirement Fund now owns 32,500 shares of the financial services provider’s stock worth $679,000 after buying an additional 3,599 shares during the period. Hedge funds and other institutional investors own 47.75% of the company’s stock.

Greenlight Reinsurance Company Profile

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.

Insider Buying and Selling by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)

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