Analysts predict that Third Point Reinsurance Ltd (NYSE:TPRE) will announce earnings per share of $0.45 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Third Point Reinsurance’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.43. Third Point Reinsurance reported earnings per share of ($0.45) in the same quarter last year, which suggests a positive year over year growth rate of 200%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Third Point Reinsurance will report full year earnings of $2.71 per share for the current financial year, with EPS estimates ranging from $2.67 to $2.75. For the next fiscal year, analysts forecast that the business will report earnings of $2.30 per share, with EPS estimates ranging from $1.74 to $3.19. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Third Point Reinsurance.

Third Point Reinsurance (NYSE:TPRE) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.52 earnings per share for the quarter, missing the 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%. The business had revenue of $194.94 million during the quarter.

Several equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Third Point Reinsurance from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Keefe, Bruyette & Woods cut shares of Third Point Reinsurance from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Zacks Investment Research cut shares of Third Point Reinsurance from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, ValuEngine cut shares of Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.33.

Shares of Third Point Reinsurance (NYSE TPRE) opened at $13.75 on Friday. Third Point Reinsurance has a 1 year low of $11.45 and a 1 year high of $17.10. The firm has a market cap of $1,480.00, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.40 and a beta of 1.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.68 and a quick ratio of 0.68.

In other Third Point Reinsurance news, major shareholder Tp Holdings L.P. Kia sold 15,000,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $15.57, for a total transaction of $233,550,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 36.93% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its holdings in shares of Third Point Reinsurance by 11.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 38,460 shares of the insurance provider’s stock worth $563,000 after purchasing an additional 3,863 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Third Point Reinsurance by 16.0% in the second quarter. Voya Investment Management LLC now owns 31,087 shares of the insurance provider’s stock worth $432,000 after purchasing an additional 4,296 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Third Point Reinsurance by 38.2% in the fourth quarter. State of Alaska Department of Revenue now owns 17,360 shares of the insurance provider’s stock worth $254,000 after purchasing an additional 4,800 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Third Point Reinsurance by 11.7% in the second quarter. The Manufacturers Life Insurance Company now owns 55,386 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 5,808 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Third Point Reinsurance by 4.5% in the second quarter. California State Teachers Retirement System now owns 136,079 shares of the insurance provider’s stock worth $1,891,000 after purchasing an additional 5,894 shares during the last quarter. Hedge funds and other institutional investors own 61.12% 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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