Greenlight Reinsurance (NASDAQ:GLRE) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities research analysts have also recently commented on GLRE. Zacks Investment Research cut shares of Greenlight Reinsurance from a “buy” rating to a “hold” rating in a report on Friday. TheStreet raised shares of Greenlight Reinsurance from a “c” rating to a “b-” rating in a report on Wednesday, November 1st.

Shares of Greenlight Reinsurance (GLRE) opened at $20.90 on Friday. Greenlight Reinsurance has a 1-year low of $19.70 and a 1-year high of $24.10. The company has a market cap of $780.55, a PE ratio of 19.00 and a beta of 0.77.

Greenlight Reinsurance (NASDAQ:GLRE) last announced its earnings results on Monday, October 30th. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.26). Greenlight Reinsurance had a net margin of 5.91% and a return on equity of 4.74%. The business had revenue of $236.15 million during the quarter, compared to analysts’ expectations of $200.80 million. analysts predict that Greenlight Reinsurance will post -0.95 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Usca Ria LLC raised its holdings in Greenlight Reinsurance by 1.0% during the second quarter. Usca Ria LLC now owns 24,850 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 250 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Greenlight Reinsurance by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 22,861 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 649 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Greenlight Reinsurance by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 117,135 shares of the financial services provider’s stock worth $2,449,000 after purchasing an additional 665 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Greenlight Reinsurance by 1.1% during the second quarter. Goldman Sachs Group Inc. now owns 94,232 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 998 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Greenlight Reinsurance by 3.3% during the second quarter. Rhumbline Advisers now owns 35,787 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 1,133 shares in the last quarter. 46.96% of the stock is owned by hedge funds and other institutional investors.

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About Greenlight Reinsurance

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.

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