Russell Investments Group Ltd. raised its holdings in shares of Third Point Reinsurance Ltd (NYSE:TPRE) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,918 shares of the insurance provider’s stock after purchasing an additional 15,352 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.26% of Third Point Reinsurance worth $4,428,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Capital World Investors lifted its holdings in Third Point Reinsurance by 23.3% during the 2nd quarter. Capital World Investors now owns 5,325,506 shares of the insurance provider’s stock valued at $74,025,000 after purchasing an additional 1,008,053 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Third Point Reinsurance by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,907,325 shares of the insurance provider’s stock valued at $68,213,000 after purchasing an additional 221,683 shares during the last quarter. State Street Corp lifted its holdings in Third Point Reinsurance by 13.1% during the 2nd quarter. State Street Corp now owns 1,357,110 shares of the insurance provider’s stock valued at $18,860,000 after purchasing an additional 157,443 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Third Point Reinsurance by 57.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,227,241 shares of the insurance provider’s stock worth $17,059,000 after buying an additional 448,036 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Third Point Reinsurance by 308.1% during 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 buying an additional 774,808 shares in the last quarter. 74.59% of the stock is owned by institutional investors and hedge funds.

Third Point Reinsurance Ltd (NYSE TPRE) traded down $0.40 on Thursday, hitting $14.90. The stock had a trading volume of 721,000 shares, compared to its average volume of 672,872. Third Point Reinsurance Ltd has a 12 month low of $11.05 and a 12 month high of $17.10. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1,642.97, a P/E ratio of 8.69, a P/E/G ratio of 0.35 and a beta of 1.27.

In other news, major shareholder Tp Holdings L.P. Kia sold 15,000,000 shares of Third Point Reinsurance stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $15.57, for a total transaction of $233,550,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 36.93% of the stock is currently owned by company insiders.

A number of equities research analysts have recently weighed in on TPRE shares. BidaskClub downgraded Third Point Reinsurance from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $16.50 target price on shares of Third Point Reinsurance in a report on Tuesday, September 12th. ValuEngine downgraded Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Morgan Stanley lifted their target price on 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, Zacks Investment Research downgraded Third Point Reinsurance from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.00.

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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.

Institutional Ownership by Quarter for Third Point Reinsurance (NYSE:TPRE)

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