State Street Corp lifted its stake in Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,463 shares of the financial services provider’s stock after purchasing an additional 28,255 shares during the quarter. State Street Corp owned about 1.61% of Greenlight Reinsurance worth $12,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Usca Ria LLC boosted its position in shares of Greenlight Reinsurance by 1.0% in the 2nd 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. Schwab Charles Investment Management Inc. boosted its position in shares of Greenlight Reinsurance by 0.6% in the 2nd 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. Parametric Portfolio Associates LLC boosted its position in shares of Greenlight Reinsurance by 5.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 13,764 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 699 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Greenlight Reinsurance by 1.1% in the 2nd 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 boosted its position in shares of Greenlight Reinsurance by 3.3% in the 2nd 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. 45.16% of the stock is currently owned by hedge funds and other institutional investors.

GLRE has been the topic of several analyst reports. ValuEngine cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, TheStreet raised Greenlight Reinsurance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st.

Greenlight Reinsurance, Ltd. (NASDAQ GLRE) opened at $21.65 on Friday. The stock has a market capitalization of $804.83, a P/E ratio of 19.59 and a beta of 0.79. Greenlight Reinsurance, Ltd. has a 12-month low of $19.70 and a 12-month high of $24.10.

Greenlight Reinsurance (NASDAQ:GLRE) last released its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.26). The business had revenue of $236.15 million during the quarter, compared to the consensus estimate of $200.80 million. Greenlight Reinsurance had a net margin of 5.91% and a return on equity of 4.74%. equities analysts predict that Greenlight Reinsurance, Ltd. will post 0.05 EPS for the current year.

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Greenlight Reinsurance Company Profile

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.

Institutional Ownership by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)

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