Dupont Capital Management Corp lowered its holdings in Third Point Reinsurance Ltd (NYSE:TPRE) by 28.7% during the 4th quarter, Holdings Channel reports. The firm owned 99,664 shares of the insurance provider’s stock after selling 40,190 shares during the quarter. Dupont Capital Management Corp’s holdings in Third Point Reinsurance were worth $1,460,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TPRE. Robeco Institutional Asset Management B.V. increased its position in shares of Third Point Reinsurance by 308.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,026,288 shares of the insurance provider’s stock worth $16,009,000 after acquiring an additional 774,808 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Third Point Reinsurance by 658.9% in the third quarter. Wells Fargo & Company MN now owns 620,865 shares of the insurance provider’s stock worth $9,686,000 after acquiring an additional 539,050 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Third Point Reinsurance by 2,492.9% in the third quarter. Principal Financial Group Inc. now owns 497,752 shares of the insurance provider’s stock worth $7,765,000 after acquiring an additional 478,555 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Third Point Reinsurance by 57.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,227,241 shares of the insurance provider’s stock worth $17,059,000 after acquiring an additional 448,036 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Third Point Reinsurance by 152.4% in the third quarter. Bank of New York Mellon Corp now owns 736,540 shares of the insurance provider’s stock worth $11,490,000 after acquiring an additional 444,720 shares in the last quarter. 61.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Third Point Reinsurance Ltd (NYSE TPRE) opened at $13.85 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.07. The company has a market cap of $1,490.00, a P/E ratio of 7.78, a P/E/G ratio of 0.41 and a beta of 1.17. Third Point Reinsurance Ltd has a fifty-two week low of $11.35 and a fifty-two week high of $17.10.

Third Point Reinsurance (NYSE:TPRE) last posted its quarterly earnings results on Wednesday, November 8th. The insurance provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). Third Point Reinsurance had a return on equity of 12.12% and a net margin of 20.78%. analysts anticipate that Third Point Reinsurance Ltd will post 2.71 EPS for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Third Point Reinsurance from a “sell” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods downgraded shares of Third Point Reinsurance from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Morgan Stanley raised their price target on shares of Third Point Reinsurance from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Finally, ValuEngine cut shares of Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.33.

In related news, major shareholder Tp Holdings L.P. Kia sold 15,000,000 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 36.93% of the company’s stock.

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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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