Headlines about Third Point Reinsurance (NYSE:TPRE) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Third Point Reinsurance earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 47.0479969763971 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Third Point Reinsurance (TPRE) remained flat at $$16.75 during trading on Friday. The stock had a trading volume of 1,630,000 shares, compared to its average volume of 1,070,000. The firm has a market cap of $1,800.00, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.37 and a beta of 1.27. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.07. Third Point Reinsurance has a 1 year low of $11.05 and a 1 year high of $17.10.

TPRE has been the subject of several recent research reports. BidaskClub lowered shares of Third Point Reinsurance from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research lowered shares of Third Point Reinsurance from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods lowered shares of Third Point Reinsurance from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. ValuEngine upgraded shares of Third Point Reinsurance from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Finally, Morgan Stanley boosted their target price on shares of Third Point Reinsurance from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.17.

In other news, major shareholder Tp Holdings L.P. Kia sold 15,000,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $15.57, for a total transaction of $233,550,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 36.93% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Third Point Reinsurance (NYSE:TPRE)

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