American Century Companies Inc. Purchases 56,281 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

American Century Companies Inc. increased its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 469,760 shares of the financial services provider's stock after purchasing an additional 56,281 shares during the quarter. American Century Companies Inc. owned approximately 1.35% of Greenlight Capital Re worth $6,577,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Intech Investment Management LLC bought a new stake in Greenlight Capital Re during the 4th quarter worth about $211,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Greenlight Capital Re during the fourth quarter worth about $367,000. Bfsg LLC boosted its position in Greenlight Capital Re by 13.3% during the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 870 shares during the last quarter. Rhumbline Advisers boosted its position in Greenlight Capital Re by 12.5% during the fourth quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider's stock valued at $667,000 after purchasing an additional 5,304 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Greenlight Capital Re by 62.7% in the fourth quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider's stock valued at $1,522,000 after purchasing an additional 41,887 shares in the last quarter. Institutional investors own 41.52% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Greenlight Capital Re from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th.

Insider Transactions at Greenlight Capital Re

In related news, insider Brian Joseph Oreilly sold 8,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the sale, the insider now owns 99,330 shares in the company, valued at approximately $1,390,620. This represents a 7.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.79% of the stock is currently owned by corporate insiders.

Greenlight Capital Re Stock Performance

GLRE stock traded up $0.33 during trading hours on Tuesday, reaching $12.78. The stock had a trading volume of 173,073 shares, compared to its average volume of 88,036. The stock has a 50-day simple moving average of $13.45 and a 200 day simple moving average of $13.87. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.93 and a fifty-two week high of $15.82. The stock has a market capitalization of $441.73 million, a PE ratio of 5.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($1.40). The firm had revenue of $143.76 million during the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%.

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.