JPMorgan Chase & Co. Has $664,000 Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

JPMorgan Chase & Co. grew its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 288.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,646 shares of the financial services provider's stock after purchasing an additional 36,116 shares during the quarter. JPMorgan Chase & Co. owned about 0.14% of Greenlight Capital Re worth $664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GLRE. Wilmington Savings Fund Society FSB acquired a new position in Greenlight Capital Re in the third quarter valued at about $1,188,000. Barclays PLC raised its position in shares of Greenlight Capital Re by 275.5% in the 3rd quarter. Barclays PLC now owns 36,077 shares of the financial services provider's stock valued at $493,000 after acquiring an additional 26,468 shares during the period. State Street Corp raised its position in shares of Greenlight Capital Re by 1.1% in the 3rd quarter. State Street Corp now owns 575,930 shares of the financial services provider's stock valued at $7,861,000 after acquiring an additional 6,319 shares during the period. Centiva Capital LP acquired a new position in Greenlight Capital Re during the third quarter valued at approximately $139,000. Finally, PDT Partners LLC bought a new stake in Greenlight Capital Re in the third quarter valued at approximately $294,000. 41.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Greenlight Capital Re from a "hold" rating to a "buy" rating in a research report on Friday.

Greenlight Capital Re Trading Down 1.6 %

Shares of Greenlight Capital Re stock traded down $0.22 during trading hours on Friday, hitting $13.48. The company's stock had a trading volume of 23,895 shares, compared to its average volume of 81,136. The company has a market capitalization of $469.51 million, a PE ratio of 5.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a 50 day moving average of $14.23 and a 200 day moving average of $13.86. Greenlight Capital Re, Ltd. has a 12 month low of $11.08 and a 12 month high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its earnings results on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.65 by $0.36. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The firm had revenue of $188.01 million for the quarter. During the same quarter last year, the business posted $0.39 earnings per share.

Greenlight Capital Re 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.