Bank of America Corp DE reduced its position in shares of Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) by 4.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 86,074 shares of the financial services provider’s stock after selling 4,458 shares during the period. Bank of America Corp DE’s holdings in Greenlight Reinsurance were worth $1,903,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GLRE. Norges Bank purchased a new position in Greenlight Reinsurance during the fourth quarter worth about $6,623,000. Dimensional Fund Advisors LP boosted its position in Greenlight Reinsurance by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,792,332 shares of the financial services provider’s stock worth $39,611,000 after buying an additional 156,858 shares during the last quarter. Vanguard Group Inc. boosted its position in Greenlight Reinsurance by 6.5% in the first quarter. Vanguard Group Inc. now owns 2,440,399 shares of the financial services provider’s stock worth $53,933,000 after buying an additional 149,781 shares during the last quarter. Morgan Stanley boosted its position in Greenlight Reinsurance by 6.0% in the first quarter. Morgan Stanley now owns 899,461 shares of the financial services provider’s stock worth $19,879,000 after buying an additional 50,646 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Greenlight Reinsurance by 13.7% in the first quarter. Renaissance Technologies LLC now owns 198,082 shares of the financial services provider’s stock worth $4,378,000 after buying an additional 23,798 shares during the last quarter. Hedge funds and other institutional investors own 47.75% of the company’s stock.

Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) traded down 0.44% during trading on Friday, hitting $22.80. 184,909 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $21.46 and a 200 day moving average price of $21.56. Greenlight Reinsurance, Ltd. has a 52-week low of $19.25 and a 52-week high of $24.10. The company has a market cap of $851.37 million, a price-to-earnings ratio of 16.34 and a beta of 0.77.

Greenlight Reinsurance (NASDAQ:GLRE) last released its earnings results on Monday, July 31st. The financial services provider reported ($0.96) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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%. On average, equities research analysts predict that Greenlight Reinsurance, Ltd. will post $0.80 earnings per share for the current year.

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A number of equities analysts have issued reports on GLRE shares. Zacks Investment Research upgraded shares of Greenlight Reinsurance from a “strong sell” rating to a “hold” rating in a research report on Monday, May 8th. TheStreet cut shares of Greenlight Reinsurance from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th. BidaskClub cut shares of Greenlight Reinsurance from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded shares of Greenlight Reinsurance from a “hold” rating to a “buy” rating in a research report on Friday, July 7th.

In other news, Director Leonard R. Goldberg sold 1,659 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $22.75, for a total value of $37,742.25. Following the completion of the sale, the director now owns 170,021 shares in the company, valued at approximately $3,867,977.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sherry Diaz sold 3,055 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $23.00, for a total transaction of $70,265.00. Following the completion of the sale, the insider now owns 33,500 shares of the company’s stock, valued at approximately $770,500. The disclosure for this sale can be found here. Insiders sold a total of 6,312 shares of company stock valued at $141,396 in the last 90 days. Company insiders own 21.81% 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.

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Institutional Ownership by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)

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