News articles about Third Point Reinsurance (NYSE:TPRE) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Third Point Reinsurance earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 46.869495702676 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
TPRE has been the subject of several recent analyst reports. ValuEngine raised Third Point Reinsurance from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $16.50 price target on shares of Third Point Reinsurance in a report on Thursday, October 12th. Morgan Stanley raised their price target on Third Point Reinsurance from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Zacks Investment Research raised Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, October 5th. Finally, BidaskClub raised Third Point Reinsurance from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.17.
Shares of Third Point Reinsurance (NYSE:TPRE) opened at $15.75 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.07. Third Point Reinsurance has a twelve month low of $11.05 and a twelve month high of $17.10. The company has a market capitalization of $1,771.83, a PE ratio of 9.38, a P/E/G ratio of 0.38 and a beta of 1.27.
In related news, major shareholder Tp Holdings L.P. Kia sold 15,000,000 shares of Third Point Reinsurance stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $15.57, for a total transaction of $233,550,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 36.93% of the company’s stock.
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About Third Point Reinsurance
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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