Third Point Reinsurance Ltd (NYSE:TPRE) shares hit a new 52-week low during trading on Monday . The stock traded as low as $10.22 and last traded at $10.27, with a volume of 1638931 shares changing hands. The stock had previously closed at $11.38.

Several research analysts have commented on TPRE shares. Zacks Investment Research raised shares of Third Point Reinsurance from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine raised shares of Third Point Reinsurance from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Morgan Stanley set a $13.00 price target on shares of Third Point Reinsurance and gave the company a “hold” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.75.

The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.07 billion, a PE ratio of 3.90, a price-to-earnings-growth ratio of 3.10 and a beta of 1.15.

Third Point Reinsurance (NYSE:TPRE) last posted its quarterly earnings data on Tuesday, November 6th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. Third Point Reinsurance had a net margin of 3.89% and a return on equity of 1.50%. The company had revenue of $124.40 million during the quarter. On average, equities analysts predict that Third Point Reinsurance Ltd will post 0.25 EPS for the current year.

In other news, major shareholder Daniel S. Loeb sold 800,000 shares of Third Point Reinsurance stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $13.15, for a total transaction of $10,520,000.00. Following the completion of the sale, the insider now directly owns 1,293,591 shares of the company’s stock, valued at approximately $17,010,721.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TPRE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Third Point Reinsurance during the 2nd quarter worth $219,000. LMR Partners LLP bought a new stake in shares of Third Point Reinsurance during the 2nd quarter worth $222,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Third Point Reinsurance by 59.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 16,688 shares of the insurance provider’s stock worth $233,000 after acquiring an additional 6,200 shares during the last quarter. MYDA Advisors LLC bought a new stake in shares of Third Point Reinsurance during the 2nd quarter worth $250,000. Finally, First Hawaiian Bank bought a new stake in shares of Third Point Reinsurance during the 3rd quarter worth $255,000. 66.70% of the stock is owned by institutional investors.

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About Third Point Reinsurance (NYSE:TPRE)

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners, workers compensation, personal automobile, mortgage, and multi-line reinsurance; professional, transactional, and general liability reinsurance; and marine, travel, and extended warranty reinsurance products.

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