Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Research analysts at Langen Mcalenn reduced their Q4 2018 earnings per share estimates for shares of Greenlight Capital Re in a report issued on Monday, September 17th. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will earn $0.36 per share for the quarter, down from their prior forecast of $0.40. Langen Mcalenn also issued estimates for Greenlight Capital Re’s Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.79 EPS.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Greenlight Capital Re from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, July 4th. BidaskClub raised Greenlight Capital Re from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, ValuEngine raised Greenlight Capital Re from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Three investment analysts have rated the stock with a sell rating and one has given a buy rating to the company’s stock. Greenlight Capital Re presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Shares of Greenlight Capital Re stock opened at $12.45 on Tuesday. Greenlight Capital Re has a 1 year low of $11.25 and a 1 year high of $23.00.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings results on Tuesday, July 31st. The financial services provider reported ($1.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.05) by $0.04. Greenlight Capital Re had a negative return on equity of 25.61% and a negative net margin of 44.10%. The business had revenue of $88.08 million during the quarter, compared to the consensus estimate of $103.40 million.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Greenlight Capital Re by 26.6% during the second quarter. BlackRock Inc. now owns 2,513,604 shares of the financial services provider’s stock worth $35,693,000 after buying an additional 527,963 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Greenlight Capital Re by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,324,538 shares of the financial services provider’s stock worth $33,008,000 after buying an additional 39,171 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Greenlight Capital Re by 1.4% during the first quarter. Northern Trust Corp now owns 362,111 shares of the financial services provider’s stock worth $5,812,000 after buying an additional 5,102 shares in the last quarter. Continental Advisors LLC acquired a new stake in shares of Greenlight Capital Re during the first quarter worth $5,657,000. Finally, River & Mercantile Asset Management LLP lifted its holdings in shares of Greenlight Capital Re by 9.5% during the second quarter. River & Mercantile Asset Management LLP now owns 339,960 shares of the financial services provider’s stock worth $4,836,000 after buying an additional 29,560 shares in the last quarter. 43.27% of the stock is owned by institutional investors.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.

Featured Article: What Factors Can Affect Return on Equity?

Earnings History and Estimates for Greenlight Capital Re (NASDAQ:GLRE)

Receive News & Ratings for Greenlight Capital Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenlight Capital Re and related companies with MarketBeat.com's FREE daily email newsletter.