Systematic Financial Management LP lessened its position in Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,105 shares of the financial services provider’s stock after selling 3,505 shares during the period. Systematic Financial Management LP owned about 0.17% of Greenlight Reinsurance worth $1,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLRE. UBS Asset Management Americas Inc. bought a new position in Greenlight Reinsurance during the first quarter valued at approximately $236,000. Parametric Portfolio Associates LLC lifted its position in Greenlight Reinsurance by 5.4% during the first quarter. Parametric Portfolio Associates LLC now owns 13,764 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 699 shares during the period. Teachers Advisors LLC lifted its position in Greenlight Reinsurance by 10.4% during the first quarter. Teachers Advisors LLC now owns 55,492 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 5,238 shares during the period. Vanguard Group Inc. lifted its position in Greenlight Reinsurance by 6.5% during the first quarter. Vanguard Group Inc. now owns 2,440,399 shares of the financial services provider’s stock valued at $53,933,000 after purchasing an additional 149,781 shares during the period. Finally, Geode Capital Management LLC lifted its position in Greenlight Reinsurance by 4.6% during the first quarter. Geode Capital Management LLC now owns 238,388 shares of the financial services provider’s stock valued at $5,268,000 after purchasing an additional 10,513 shares during the period. Hedge funds and other institutional investors own 47.04% of the company’s stock.

Greenlight Reinsurance, Ltd. (NASDAQ GLRE) opened at $22.55 on Thursday. Greenlight Reinsurance, Ltd. has a 52-week low of $19.70 and a 52-week high of $24.10. The firm has a market cap of $829.10, a P/E ratio of 20.18 and a beta of 0.79.

Greenlight Reinsurance (NASDAQ:GLRE) last released its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.26). Greenlight Reinsurance had a return on equity of 4.74% and a net margin of 5.91%. The business had revenue of $236.15 million during the quarter, compared to the consensus estimate of $200.80 million. equities analysts expect that Greenlight Reinsurance, Ltd. will post 0.05 EPS for the current fiscal year.

A number of brokerages recently weighed in on GLRE. Zacks Investment Research upgraded shares of Greenlight Reinsurance from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, September 6th. TheStreet upgraded shares of Greenlight Reinsurance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Greenlight Reinsurance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd.

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Greenlight Reinsurance Company Profile

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.

Institutional Ownership by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)

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