Affinity Investment Advisors LLC purchased a new position in Third Point Reinsurance Ltd. (NYSE:TPRE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,358 shares of the insurance provider’s stock, valued at approximately $255,000.

Other large investors have also bought and sold shares of the company. Chicago Equity Partners LLC grew its stake in shares of Third Point Reinsurance by 707.8% in the second quarter. Chicago Equity Partners LLC now owns 391,720 shares of the insurance provider’s stock worth $5,445,000 after acquiring an additional 343,230 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Third Point Reinsurance by 380.3% in the first quarter. Prudential Financial Inc. now owns 78,383 shares of the insurance provider’s stock worth $949,000 after acquiring an additional 62,065 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Third Point Reinsurance by 284.0% in the second quarter. Russell Investments Group Ltd. now owns 268,566 shares of the insurance provider’s stock worth $3,733,000 after acquiring an additional 198,624 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Third Point Reinsurance in the second quarter worth $318,000. Finally, Systematic Financial Management LP purchased a new stake in shares of Third Point Reinsurance during the 2nd quarter worth $12,817,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

Third Point Reinsurance (NYSE:TPRE) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $280.88 million for the quarter.

TPRE has been the subject of several recent analyst reports. BidaskClub raised shares of Third Point Reinsurance from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.50 price target on shares of Third Point Reinsurance in a research report on Tuesday, September 12th. Zacks Investment Research cut shares of Third Point Reinsurance from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Morgan Stanley reissued an “equal weight” rating and issued a $15.00 price target (up from $14.00) on shares of Third Point Reinsurance in a research report on Friday, July 7th. Finally, ValuEngine raised shares of Third Point Reinsurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.13.

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Third Point Reinsurance 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.

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

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