Shares of Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned Greenlight Reinsurance an industry rank of 243 out of 265 based on the ratings given to related companies.

Several research firms recently weighed in on GLRE. Zacks Investment Research upgraded Greenlight Reinsurance from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, September 6th. TheStreet upgraded Greenlight Reinsurance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. ValuEngine lowered Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub lowered Greenlight Reinsurance from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

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Shares of Greenlight Reinsurance (NASDAQ GLRE) opened at $22.10 on Friday. Greenlight Reinsurance has a 1 year low of $19.65 and a 1 year high of $24.10. The firm has a market capitalization of $817.90, a P/E ratio of 19.91 and a beta of 0.79.

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

In other Greenlight Reinsurance news, insider Sherry Diaz sold 3,055 shares of Greenlight Reinsurance stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $23.00, for a total transaction of $70,265.00. Following the completion of the transaction, the insider now owns 33,500 shares in the company, valued at $770,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leonard R. Goldberg sold 1,754 shares of Greenlight Reinsurance stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $22.76, for a total value of $39,921.04. Following the transaction, the director now owns 170,021 shares of the company’s stock, valued at approximately $3,869,677.96. The disclosure for this sale can be found here. Insiders own 21.81% of the company’s stock.

A number of large investors have recently made changes to their positions in GLRE. Dimensional Fund Advisors LP raised its stake in Greenlight Reinsurance by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,792,332 shares of the financial services provider’s stock valued at $39,611,000 after buying an additional 156,858 shares during the last quarter. Vanguard Group Inc. raised its stake in Greenlight Reinsurance by 6.5% during the first quarter. Vanguard Group Inc. now owns 2,440,399 shares of the financial services provider’s stock valued at $53,933,000 after buying an additional 149,781 shares during the last quarter. Systematic Financial Management LP purchased a new position in Greenlight Reinsurance during the second quarter valued at $1,434,000. Morgan Stanley raised its stake in Greenlight Reinsurance by 6.0% during the first quarter. Morgan Stanley now owns 899,461 shares of the financial services provider’s stock valued at $19,879,000 after buying an additional 50,646 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new position in Greenlight Reinsurance during the third quarter valued at $641,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

About Greenlight Reinsurance

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.

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