Dimensional Fund Advisors LP raised its position in Third Point Reinsurance Ltd. (NYSE:TPRE) by 52.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 779,205 shares of the insurance provider’s stock after buying an additional 269,525 shares during the period. Dimensional Fund Advisors LP owned about 0.74% of Third Point Reinsurance worth $9,428,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Stevens Capital Management LP acquired a new position in Third Point Reinsurance during the first quarter worth $288,000. Wellington Management Group LLP acquired a new position in Third Point Reinsurance during the first quarter worth $330,000. American International Group Inc. raised its position 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. Chicago Equity Partners LLC raised its position 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. Finally, Parametric Portfolio Associates LLC raised its position in Third Point Reinsurance by 42.9% in the first quarter. Parametric Portfolio Associates LLC now owns 58,382 shares of the insurance provider’s stock worth $706,000 after buying an additional 17,537 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Third Point Reinsurance Ltd. (NYSE:TPRE) traded up 0.524% during trading on Monday, reaching $14.375. 33,663 shares of the company’s stock traded hands. Third Point Reinsurance Ltd. has a 1-year low of $11.05 and a 1-year high of $15.10. The firm has a market capitalization of $1.48 billion, a PE ratio of 7.437 and a beta of 1.23. The firm has a 50 day moving average of $14.32 and a 200 day moving average of $12.89.

Third Point Reinsurance (NYSE:TPRE) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, topping 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 business had revenue of $280.88 million for the quarter. Equities analysts forecast that Third Point Reinsurance Ltd. will post $2.69 EPS for the current year.

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A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Third Point Reinsurance from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded shares of Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Saturday, July 8th. ValuEngine lowered shares of Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods upgraded shares of Third Point Reinsurance from a “mkt perform” rating to an “outperform” rating in a research report on Monday, May 15th. Finally, Morgan Stanley restated an “equal weight” rating and set a $15.00 price target (up from $14.00) on shares of Third Point Reinsurance in a research report on Friday, July 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.38.

In related news, CFO Christopher S. Coleman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $12.75, for a total value of $63,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider J. Robert Bredahl sold 80,000 shares of the firm’s 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. Insiders sold 110,000 shares of company stock worth $1,510,550 over the last three months. Corporate insiders own 36.93% of the company’s stock.

Third Point Reinsurance Company Profile

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

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