Equities analysts expect Third Point Reinsurance Ltd (NYSE:TPRE) to post ($3.06) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Third Point Reinsurance’s earnings, with the lowest EPS estimate coming in at ($3.10) and the highest estimate coming in at ($3.01). Third Point Reinsurance posted earnings of $0.41 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 846.3%. The business is expected to announce its next quarterly earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Third Point Reinsurance will report full-year earnings of ($3.19) per share for the current year, with EPS estimates ranging from ($3.21) to ($3.17). For the next year, analysts expect that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $0.94 to $2.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Third Point Reinsurance.

Third Point Reinsurance (NYSE:TPRE) last announced its quarterly earnings data on Tuesday, November 6th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company had revenue of $124.40 million for the quarter. Third Point Reinsurance had a net margin of 3.89% and a return on equity of 1.50%.

Several equities research analysts have commented on TPRE shares. ValuEngine upgraded shares of Third Point Reinsurance from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Morgan Stanley set a $13.00 target price on shares of Third Point Reinsurance and gave the stock a “hold” rating in a research report on Monday, November 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.67.

In other Third Point Reinsurance news, insider Nicholas J. D. Campbell acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average cost of $10.29 per share, for a total transaction of $51,450.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.10% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in TPRE. First Trust Advisors LP raised its stake in Third Point Reinsurance by 9.7% in the 2nd quarter. First Trust Advisors LP now owns 173,932 shares of the insurance provider’s stock valued at $2,174,000 after purchasing an additional 15,417 shares during the last quarter. SG Americas Securities LLC raised its stake in Third Point Reinsurance by 89.9% in the 2nd quarter. SG Americas Securities LLC now owns 45,284 shares of the insurance provider’s stock valued at $566,000 after purchasing an additional 21,437 shares during the last quarter. BlackRock Inc. raised its stake in Third Point Reinsurance by 8.1% in the 2nd quarter. BlackRock Inc. now owns 11,708,895 shares of the insurance provider’s stock valued at $146,362,000 after purchasing an additional 881,406 shares during the last quarter. Legal & General Group Plc raised its stake in Third Point Reinsurance by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 183,087 shares of the insurance provider’s stock valued at $2,287,000 after purchasing an additional 7,051 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Third Point Reinsurance by 19.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,388,366 shares of the insurance provider’s stock valued at $42,355,000 after purchasing an additional 540,605 shares during the last quarter. Institutional investors and hedge funds own 71.75% of the company’s stock.

Shares of NYSE TPRE traded down $0.05 during trading on Wednesday, hitting $10.05. 3,200 shares of the company were exchanged, compared to its average volume of 617,050. The firm has a market capitalization of $949.23 million, a P/E ratio of 3.84, a PEG ratio of 0.45 and a beta of 1.00. Third Point Reinsurance has a 1 year low of $8.85 and a 1 year high of $14.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.77 and a current ratio of 0.77.

Third Point Reinsurance Company Profile

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners, workers compensation, personal automobile, mortgage, and multi-line reinsurance; professional, transactional, and general liability reinsurance; and marine, travel, and extended warranty reinsurance products.

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