Third Point Reinsurance Ltd. (NYSE:TPRE) : 1 brokerage houses believe that Third Point Reinsurance Ltd. (NYSE:TPRE) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Third Point Reinsurance Ltd. (NYSE:TPRE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.
Third Point Reinsurance Ltd. (NYSE:TPRE) : The highest level Third Point Reinsurance Ltd. (NYSE:TPRE) is projected to reach is $14 for the short term and the lowest estimate is at $13. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $13.5 and the possibility the share price can swing is $0.71.
For the current week, the company shares have a recommendation consensus of Buy.
Third Point Reinsurance Ltd. (NYSE:TPRE): On Tuesdays trading session , Opening price of the stock was $11.17 with an intraday high of $11.23. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.04. However, the stock managed to close at $11.06, a loss of 0.09% for the day. On the previous day, the stock had closed at $11.07. The total traded volume of the day was 783,190 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged that Urban Anthony, officer (CUO, Third Point Re USA Ltd.) of Third Point Reinsurance Ltd., had unloaded 39,442 shares at an average price of $13.97 in a transaction dated on August 13, 2015. The total value of the transaction was worth $551,005.
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.