NN Investment Partners Holdings N.V. bought a new stake in Third Point Reinsurance Ltd. (NYSE:TPRE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,272 shares of the insurance provider’s stock, valued at approximately $435,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TPRE. Chicago Equity Partners LLC increased its stake in Third Point Reinsurance by 0.5% in the first quarter. Chicago Equity Partners LLC now owns 48,490 shares of the insurance provider’s stock worth $587,000 after buying an additional 250 shares during the last quarter. Insight 2811 Inc. increased its stake in Third Point Reinsurance by 0.5% in the first quarter. Insight 2811 Inc. now owns 63,420 shares of the insurance provider’s stock worth $767,000 after buying an additional 300 shares during the last quarter. American International Group Inc. increased its stake in Third Point Reinsurance by 7.0% in the first quarter. American International Group Inc. now owns 40,679 shares of the insurance provider’s stock worth $492,000 after buying an additional 2,674 shares during the last quarter. Teachers Advisors LLC boosted its position in Third Point Reinsurance by 3.2% in the first quarter. Teachers Advisors LLC now owns 137,380 shares of the insurance provider’s stock worth $1,662,000 after buying an additional 4,251 shares during the period. Finally, AXA boosted its position in Third Point Reinsurance by 2.9% in the first quarter. AXA now owns 154,400 shares of the insurance provider’s stock worth $1,868,000 after buying an additional 4,300 shares during the period. Institutional investors own 67.98% of the company’s stock.

Shares of Third Point Reinsurance Ltd. (NYSE:TPRE) traded down 0.833% during midday trading on Monday, hitting $14.875. The stock had a trading volume of 411,026 shares. Third Point Reinsurance Ltd. has a 1-year low of $11.05 and a 1-year high of $15.09. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 7.687 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 $12.61.

Third Point Reinsurance (NYSE:TPRE) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.01. Third Point Reinsurance had a net margin of 22.18% and a return on equity of 13.56%. The firm had revenue of $280.88 million for the quarter. On average, equities analysts anticipate that Third Point Reinsurance Ltd. will post $2.63 EPS for the current fiscal year.

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TPRE has been the subject of a number of analyst reports. TheStreet raised Third Point Reinsurance from a “c” rating to a “b-” rating in a report on Thursday, May 4th. Keefe, Bruyette & Woods raised Third Point Reinsurance from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $14.00 to $15.00 in a report on Monday, May 8th. ValuEngine lowered Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Third Point Reinsurance from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 target price (up from $14.00) on shares of Third Point Reinsurance in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $15.38.

In related news, insider Daniel V. Malloy sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $12.65, for a total transaction of $253,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider J. Robert Bredahl sold 80,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $14.11, for a total transaction of $1,128,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,000 shares of company stock worth $1,510,550. Company insiders own 36.93% of the company’s stock.

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.

Institutional Ownership by Quarter for Third Point Reinsurance (NYSE:TPRE)

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