Greenlight Capital Re (NASDAQ:GLRE) Issues Quarterly Earnings Results

Greenlight Capital Re (NASDAQ:GLRE) released its earnings results on Monday. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.35, FiscalAI reports. Greenlight Capital Re had a net margin of 8.56% and a return on equity of 8.20%. The business had revenue of $148.29 million during the quarter.

Greenlight Capital Re Stock Performance

NASDAQ GLRE opened at $15.29 on Wednesday. The stock’s fifty day moving average is $14.99 and its two-hundred day moving average is $15.80. The firm has a market capitalization of $499.07 million, a P/E ratio of 8.88 and a beta of 0.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43. Greenlight Capital Re has a fifty-two week low of $11.56 and a fifty-two week high of $19.39.

Key Headlines Impacting Greenlight Capital Re

Here are the key news stories impacting Greenlight Capital Re this week:

• Positive Sentiment: Greenlight Re reported a 90.5% combined ratio, indicating profitable underwriting, and diluted earnings of $0.10 per share versus analysts’ expectation of a $0.25 loss. The company also repurchased $8 million of ordinary shares during the quarter. Greenlight Re Q3 financial results
• Positive Sentiment: A report highlighted a Greenlight Capital Re partnership with Hippo involving MGAs, which may offer a business-development opportunity. Greenlight Capital Re stock gains Hippo partnership for MGAs
• Neutral Sentiment: Director Joseph Platt, who joined the board when the company was formed and served for more than 22 years, will retire effective December 31, 2026. Board retirement announcement
• Negative Sentiment: Quarterly revenue was $148.29 million, below analysts’ estimate of $167.94 million, tempering the otherwise favorable earnings and underwriting results. Greenlight Re Q3 financial results

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, insider Sherry Diaz sold 13,500 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $15.08, for a total value of $203,580.00. Following the completion of the sale, the insider directly owned 86,879 shares of the company’s stock, valued at $1,310,135.32. This trade represents a 13.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leonard Goldberg purchased 6,000 shares of Greenlight Capital Re stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $15.42 per share, for a total transaction of $92,520.00. Following the acquisition, the director owned 36,000 shares in the company, valued at approximately $555,120. This trade represents a 20.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 38,500 shares of company stock worth $580,305 in the last three months. 24.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GLRE shares. Wall Street Zen raised shares of Greenlight Capital Re from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut shares of Greenlight Capital Re from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About Greenlight Capital Re

Greenlight Capital Re, Ltd. is a Bermuda-based specialty property and casualty reinsurance company that provides customized reinsurance solutions to insurance and reinsurance companies. Its offerings are designed to help clients manage and transfer risks across a range of property and casualty insurance lines.

The company conducts business primarily through its Bermuda operations and has served clients in international insurance markets. Greenlight Re has historically combined specialty underwriting with an investment approach associated with its Greenlight Capital affiliation, seeking to generate returns from both its insurance portfolio and investment activities.

Founded in 2004, Greenlight Re has focused on flexible, relationship-driven underwriting rather than offering standardized insurance products directly to consumers.