Third Point Reinsurance Ltd (TPRE) : Deltec Asset Management reduced its stake in Third Point Reinsurance Ltd by 11.76% during the most recent quarter end. The investment management company now holds a total of 75,000 shares of Third Point Reinsurance Ltd which is valued at $946,500 after selling 10,000 shares in Third Point Reinsurance Ltd , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Third Point Reinsurance Ltd makes up approximately 0.23% of Deltec Asset Management’s portfolio.
Other Hedge Funds, Including , Huntington National Bank boosted its stake in TPRE in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 504 shares of Third Point Reinsurance Ltd which is valued at $6,360. Simplex Trading added TPRE to its portfolio by purchasing 225 company shares during the most recent quarter which is valued at $2,797.Ruane Cunniff Goldfarb Inc reduced its stake in TPRE by selling 610 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 3,029,190 shares of TPRE which is valued at $37,349,913. Third Point Reinsurance Ltd makes up approx 0.34% of Ruane Cunniff Goldfarb Inc’s portfolio.
Third Point Reinsurance Ltd closed down -0.11 points or -0.87% at $12.59 with 4,36,223 shares getting traded on Friday. Post opening the session at $12.64, the shares hit an intraday low of $12.5 and an intraday high of $12.68 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Third Point Reinsurance Ltd. is a holding company. Through the Companys reinsurance subsidiaries it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company operates through two segments: Property and Casualty Reinsurance and Catastrophe Risk Management. The Property and Casualty Reinsurance segment provides reinsurance products to insurance and reinsurance companies government entities and other risk bearing vehicles. The Catastrophe Risk Management segment is engaged in the underwriting of property catastrophe exposures. The Companys corporate function includes its investment results and certain general and administrative expenses related to corporate activities. The Companys investable assets are managed by its investment manager Third Point LLC.