Greenlight Capital Re (GLRE) Stock Price, News & Analysis

Company Overview

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. The company markets its products through reinsurance brokers. Greenlight Capital Re, Ltd. was incorporated in 2004 and is headquartered in Grand Cayman, the Cayman Islands.

Key Stats

• Today's Range: $14.41 to $14.72
• 50-Day Range: $13.23 to $15.48
• 52-Week Range: $10.80 to $15.82
• Volume: 137,023 shs
• Average Volume: 96,934 shs
• Market Capitalization: $512.70 million
• P/E Ratio: 5.84
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Greenlight Capital Re Stock Analysis - MarketRank™

Greenlight Capital Re scored higher than 63% of companies evaluated by MarketBeat, and ranked 462nd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Greenlight Capital Re.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Greenlight Capital Re is 5.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Greenlight Capital Re is 5.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.55.

Price to Book Value per Share Ratio

Greenlight Capital Re has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.64% of the float of Greenlight Capital Re has been sold short.

Short Interest Ratio / Days to Cover

Greenlight Capital Re has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Greenlight Capital Re has recently decreased by 5.14%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Greenlight Capital Re does not currently pay a dividend.

Dividend Growth

Greenlight Capital Re does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.64% of the float of Greenlight Capital Re has been sold short.

Short Interest Ratio / Days to Cover

Greenlight Capital Re has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Greenlight Capital Re has recently decreased by 5.14%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.71

News Sentiment

Greenlight Capital Re has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Greenlight Capital Re this week, compared to 1 article on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Greenlight Capital Re insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $98,866.00 in company stock.

Percentage Held by Insiders

22.79% of the stock of Greenlight Capital Re is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

41.52% of the stock of Greenlight Capital Re is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GLRE Stock Analysis - Frequently Asked Questions

How have GLRE shares performed this year?

Greenlight Capital Re's stock was trading at $11.42 at the start of the year. Since then, GLRE stock has increased by 28.9% and is now trading at $14.72.
View the best growth stocks for 2024 here.

How were Greenlight Capital Re's earnings last quarter?

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) released its earnings results on Monday, November, 4th. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.36. The financial services provider had revenue of $188.01 million for the quarter. Greenlight Capital Re had a trailing twelve-month return on equity of 13.95% and a net margin of 12.38%.

Who are Greenlight Capital Re's major shareholders?

Greenlight Capital Re's top institutional shareholders include Private Management Group Inc. (2.25%), Geode Capital Management LLC (1.75%), State Street Corp (1.63%) and CWA Asset Management Group LLC (1.03%).
View institutional ownership trends.

How do I buy shares of Greenlight Capital Re?

Shares of GLRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Greenlight Capital Re own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Greenlight Capital Re investors own include JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), NVIDIA (NVDA), Chevron (CVX) and Netflix (NFLX).

Company Calendar

• Last Earnings: 11/04/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Reinsurance
• Current Symbol: NASDAQ:GLRE
• CUSIP: G4095J10
• CIK: 1385613
• Web: www.greenlightre.ky
• Phone: (345) 943-4573
• Fax: 34-57-454-57
• Employees: 30
• Year Founded: 2004

Profitability

• EPS (Most Recent Fiscal Year): $2.52
• Trailing P/E Ratio: 5.84
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $86.83 million
• Net Margins: 12.38%
• Pretax Margin: 12.61%
• Return on Equity: 13.95%
• Return on Assets: 4.68%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 3.02
• Quick Ratio: 3.02

Sales & Book Value

• Annual Sales: $667.08 million
• Price / Sales: 0.77
• Cash Flow: $2.45 per share
• Price / Cash Flow: 6.02
• Book Value: $16.87 per share
• Price / Book: 0.87

Miscellaneous

• Outstanding Shares: 34,830,000
• Free Float: 26,894,000
• Market Cap: $512.70 million
• Optionable: Optionable
• Beta: 0.85