Third Point Reinsurance (TPRE) Earning Positive News Coverage, Report Finds
Media headlines about Third Point Reinsurance (NYSE:TPRE) have been trending positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Third Point Reinsurance earned a media sentiment score of 0.39 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 53 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Third Point Reinsurance Ltd. (NYSE:TPRE) Upgraded to Buy at BidaskClub (americanbankingnews.com)
- Third Point Re Reports Second Quarter 2017 Earnings Results (finance.yahoo.com)
- Investor Network: Third Point Reinsurance Ltd. to Host Earnings Call (finance.yahoo.com)
- Third Point Reinsurance Ltd. (NYSE:TPRE) Sees Light Trading Volume with 16K Shares Changing Hands (highlightpress.com)
- Third Point Reinsurance Ltd. (NYSE:TPRE) Sees Significantly Lower Trading Volume (highlightpress.com)
Shares of Third Point Reinsurance (NYSE TPRE) traded up 2.05% during mid-day trading on Thursday, hitting $14.90. 363,064 shares of the stock were exchanged. Third Point Reinsurance has a 12-month low of $11.05 and a 12-month high of $15.10. The company has a market capitalization of $1.57 billion, a PE ratio of 8.61 and a beta of 1.23. The firm has a 50-day moving average price of $14.06 and a 200 day moving average price of $12.60.
A number of research firms recently commented on TPRE. BidaskClub raised shares of Third Point Reinsurance from a “hold” rating to a “buy” rating in a research report on Thursday. TheStreet raised shares of Third Point Reinsurance from a “c” rating to a “b-” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Saturday, July 8th. Keefe, Bruyette & Woods raised shares of Third Point Reinsurance from a “mkt perform” rating to an “outperform” rating in a research report on Monday, May 15th. Finally, ValuEngine cut shares of Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Third Point Reinsurance currently has a consensus rating of “Buy” and an average price target of $15.00.
In other Third Point Reinsurance news, insider J. Robert Bredahl sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $14.11, for a total value of $1,128,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Christopher S. Coleman sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $12.75, for a total value of $63,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock valued at $1,510,550 in the last quarter. 36.93% of the stock is owned by corporate insiders.
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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