JPMorgan Chase & Co. Acquires 48,564 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

JPMorgan Chase & Co. raised its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 99.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,210 shares of the financial services provider's stock after buying an additional 48,564 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Greenlight Capital Re worth $1,361,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Private Management Group Inc. lifted its stake in shares of Greenlight Capital Re by 17.3% in 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 purchasing an additional 136,935 shares during the last quarter. State Street Corp increased its stake in Greenlight Capital Re by 1.1% in the third 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. American Century Companies Inc. increased its stake in Greenlight Capital Re by 13.6% in 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 acquiring an additional 56,281 shares during the period. Empowered Funds LLC increased 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 acquiring an additional 41,887 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Greenlight Capital Re in the third quarter valued at about $1,188,000. Institutional investors and hedge funds own 41.52% of the company's stock.

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, insider Brian Joseph Oreilly sold 8,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 99,330 shares of the company's stock, valued at approximately $1,390,620. The trade was a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 22.79% of the company's stock.

Analyst Upgrades and Downgrades

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

Greenlight Capital Re Trading Up 0.5 %

NASDAQ:GLRE traded up $0.06 on Monday, reaching $13.14. The company's stock had a trading volume of 68,760 shares, compared to its average volume of 89,817. The firm has a market cap of $454.17 million, a PE ratio of 5.21 and a beta of 0.66. The business's 50-day moving average price is $13.39 and its two-hundred day moving average price is $13.83. Greenlight Capital Re, Ltd. has a 1-year low of $11.93 and a 1-year 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 released its quarterly earnings data 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 net margin of 12.38% and a return on equity of 13.95%. The business had revenue of $143.76 million during the quarter.

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.