Third Point Reinsurance Ltd (NYSE:TPRE) was the recipient of a significant decline in short interest during the month of December. As of December 29th, there was short interest totalling 775,002 shares, a decline of 43.0% from the December 15th total of 1,359,613 shares. Based on an average trading volume of 558,194 shares, the short-interest ratio is currently 1.4 days. Currently, 0.9% of the shares of the stock are short sold.

Shares of Third Point Reinsurance (NYSE TPRE) opened at $14.40 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $1,546.32, a PE ratio of 8.18, a PEG ratio of 0.47 and a beta of 1.27. Third Point Reinsurance has a twelve month low of $11.05 and a twelve month high of $17.10.

Third Point Reinsurance (NYSE:TPRE) last posted its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Third Point Reinsurance had a return on equity of 12.12% and a net margin of 20.78%. research analysts anticipate that Third Point Reinsurance will post 2.71 EPS for the current year.

In other news, major shareholder Tp Holdings L.P. Kia sold 15,000,000 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. Insiders own 36.93% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Third Point Reinsurance by 650.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,093 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 7,015 shares during the period. SG Americas Securities LLC acquired a new position in shares of Third Point Reinsurance in the second quarter worth approximately $122,000. Amalgamated Bank acquired a new position in shares of Third Point Reinsurance in the third quarter worth approximately $163,000. Virtu KCG Holdings LLC acquired a new position in shares of Third Point Reinsurance in the second quarter worth approximately $167,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Third Point Reinsurance in the third quarter worth approximately $185,000. 74.58% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on TPRE shares. Zacks Investment Research cut Third Point Reinsurance from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Morgan Stanley boosted their price target 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. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.50 price target on shares of Third Point Reinsurance in a report on Thursday, October 12th. Finally, ValuEngine cut Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.33.

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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.

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