American Century Companies Inc. grew its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 13.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 469,760 shares of the financial services provider's stock after purchasing an additional 56,281 shares during the period. American Century Companies Inc. owned approximately 1.35% of Greenlight Capital Re worth $6,577,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in GLRE. R Squared Ltd purchased a new stake in Greenlight Capital Re during the fourth quarter worth about $29,000. Bfsg LLC boosted its stake in shares of Greenlight Capital Re by 13.3% during the 4th quarter. Bfsg LLC now owns 7,405 shares of the financial services provider's stock worth $104,000 after acquiring an additional 870 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of Greenlight Capital Re during the 3rd quarter worth approximately $139,000. Janney Montgomery Scott LLC acquired a new stake in shares of Greenlight Capital Re in the 4th quarter worth approximately $144,000. Finally, SG Americas Securities LLC increased its stake in Greenlight Capital Re by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider's stock valued at $164,000 after purchasing an additional 1,971 shares in the last quarter. 41.52% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com lowered Greenlight Capital Re from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th.
Check Out Our Latest Stock Analysis on Greenlight Capital Re
Greenlight Capital Re Price Performance
NASDAQ:GLRE traded down $0.39 during mid-day trading on Friday, hitting $12.93. 124,560 shares of the company's stock traded hands, compared to its average volume of 87,256. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market cap of $446.91 million, a PE ratio of 5.13 and a beta of 0.86. The firm's 50 day simple moving average is $13.53 and its 200 day simple moving average is $13.90. Greenlight Capital Re, Ltd. has a 1 year low of $11.93 and a 1 year high of $15.82.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The business had revenue of $143.76 million for the quarter.
Insiders Place Their Bets
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 transaction of $112,000.00. Following the sale, the insider now owns 99,330 shares of the company's stock, valued at $1,390,620. This trade represents a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.79% of the stock is currently owned by company insiders.
Greenlight Capital Re Company Profile
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Free Report)
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.
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