Wells Fargo & Company MN raised its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 74.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,581 shares of the financial services provider's stock after buying an additional 77,195 shares during the quarter. Wells Fargo & Company MN owned about 0.52% of Greenlight Capital Re worth $2,528,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Private Management Group Inc. lifted its position in Greenlight Capital Re by 17.3% during the 4th quarter. Private Management Group Inc. now owns 930,479 shares of the financial services provider's stock valued at $13,027,000 after acquiring an additional 136,935 shares during the period. State Street Corp increased its stake in shares of Greenlight Capital Re by 1.1% during the third quarter. State Street Corp now owns 575,930 shares of the financial services provider's stock valued at $7,861,000 after purchasing an additional 6,319 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Greenlight Capital Re by 13.6% during the fourth quarter. American Century Companies Inc. now owns 469,760 shares of the financial services provider's stock valued at $6,577,000 after purchasing an additional 56,281 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Greenlight Capital Re by 62.7% in the 4th quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider's stock worth $1,522,000 after purchasing an additional 41,887 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Greenlight Capital Re by 99.8% in the 4th quarter. JPMorgan Chase & Co. now owns 97,210 shares of the financial services provider's stock worth $1,361,000 after buying an additional 48,564 shares during the last quarter. Institutional investors own 41.52% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Greenlight Capital Re from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th.
Check Out Our Latest Analysis on GLRE
Insider Buying and Selling
In other news, insider Brian Joseph Oreilly sold 8,000 shares of the firm's stock in a transaction dated Wednesday, March 26th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.79% of the stock is owned by company insiders.
Greenlight Capital Re Stock Up 0.5 %
Shares of GLRE traded up $0.06 during trading hours on Monday, hitting $13.14. The company had a trading volume of 68,760 shares, compared to its average volume of 89,817. The stock has a market capitalization of $454.17 million, a price-to-earnings ratio of 5.21 and a beta of 0.66. The firm has a fifty day moving average price of $13.39 and a 200-day moving average price of $13.83. Greenlight Capital Re, Ltd. has a 52-week low of $11.93 and a 52-week high of $15.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current 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). Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The firm had revenue of $143.76 million during the quarter.
About Greenlight Capital Re
(
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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