Greenlight Reinsurance (GLRE) Earns Daily Media Sentiment Score of 0.09
Headlines about Greenlight Reinsurance (NASDAQ:GLRE) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Greenlight Reinsurance earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.9754262866272 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities analysts have recently commented on GLRE shares. ValuEngine raised Greenlight Reinsurance from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research raised Greenlight Reinsurance from a “sell” rating to a “buy” rating and set a $25.00 target price for the company in a report on Friday, August 4th. TheStreet lowered Greenlight Reinsurance from a “b-” rating to a “c+” rating in a report on Tuesday, May 9th. Finally, BidaskClub raised Greenlight Reinsurance from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.
Greenlight Reinsurance (GLRE) opened at 21.20 on Wednesday. The firm has a market capitalization of $791.63 million, a P/E ratio of 15.20 and a beta of 0.75. Greenlight Reinsurance has a 12 month low of $19.25 and a 12 month high of $24.10. The stock’s 50 day moving average price is $22.02 and its 200 day moving average price is $21.44.
Greenlight Reinsurance (NASDAQ:GLRE) last posted its quarterly 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. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. The firm had revenue of $121.48 million during the quarter, compared to analyst estimates of $139.90 million. On average, analysts forecast that Greenlight Reinsurance will post $0.75 earnings per share for the current year.
In related news, Director Leonard R. Goldberg sold 1,659 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,867,977.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sherry Diaz sold 3,055 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were 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 directly owns 33,500 shares of the company’s stock, valued at approximately $770,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,546 shares of company stock valued at $170,771. Company insiders own 21.81% of the company’s stock.
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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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