Press coverage about Third Point Reinsurance (NYSE:TPRE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Third Point Reinsurance earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.6104343231875 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Third Point Reinsurance (NYSE:TPRE) traded down 0.34% during trading on Friday, hitting $14.45. The stock had a trading volume of 386,384 shares. The company has a market cap of $1.49 billion, a PE ratio of 7.48 and a beta of 1.23. The firm’s 50 day moving average is $14.29 and its 200 day moving average is $12.78. Third Point Reinsurance has a 1-year low of $11.05 and a 1-year high of $15.10.

Third Point Reinsurance (NYSE:TPRE) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Third Point Reinsurance had a return on equity of 13.56% and a net margin of 22.18%. The business had revenue of $280.88 million for the quarter. Equities research analysts anticipate that Third Point Reinsurance will post $2.69 EPS for the current fiscal year.

A number of research firms have commented on TPRE. Zacks Investment Research lowered Third Point Reinsurance from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods restated a “buy” rating and set a $16.50 price objective on shares of Third Point Reinsurance in a research note on Friday, August 4th. BidaskClub upgraded Third Point Reinsurance from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Morgan Stanley restated an “equal weight” rating and set a $15.00 price objective (up previously from $14.00) on shares of Third Point Reinsurance in a research note on Friday, July 7th. Finally, ValuEngine lowered Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.38.

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In other Third Point Reinsurance news, insider Daniel V. Malloy sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $12.65, for a total transaction of $253,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider J. Robert Bredahl sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $14.11, for a total value of $1,128,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,000 shares of company stock worth $1,510,550. 36.93% of the stock is owned by company insiders.

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.

Insider Buying and Selling by Quarter for Third Point Reinsurance (NYSE:TPRE)

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