Greenlight Capital Re (NASDAQ:GLRE) Releases Quarterly Earnings Results, Beats Estimates By $0.36 EPS

Greenlight Capital Re (NASDAQ:GLRE) posted its earnings results on Monday. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36, RTT News reports. Greenlight Capital Re had a net margin of 9.60% and a return on equity of 10.88%. The firm had revenue of $188.01 million during the quarter. During the same period in the previous year, the firm earned $0.39 earnings per share.

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE opened at $14.59 on Wednesday. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $13.74 and a 200 day moving average price of $13.23. Greenlight Capital Re has a twelve month low of $10.49 and a twelve month high of $14.78. The company has a market cap of $515.33 million, a price-to-earnings ratio of 7.68 and a beta of 0.85.

Insider Transactions at Greenlight Capital Re

In related news, Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $13.81, for a total value of $98,865.79. Following the completion of the transaction, the director now directly owns 86,984 shares of the company’s stock, valued at $1,201,249.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 22.79% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.