As Third Point Reinsurance LTD (TPRE) Shares Declined, Shareholder Kelso & Company LP Decreased Its Stake by $210.00 Million

April 16, 2018 - By Loretta Love

Big Money Sentiment increased to 3.26 in Q4 2017. It has change of 1.02, from 2017Q3’s 2.24. The ratio increased due to TPRE positioning: 12 sold and 22 reduced. 34 funds took holdings and 77 increased holdings. Investors holded 79.68 million in 2017Q3 but now own 151.48 million shares or 90.11% more. Dean Limited Liability Corporation stated it has 0.7% in Third Point Reinsurance Ltd. (NYSE:TPRE). 209,070 were reported by New Vernon Investment Mngmt Ltd Liability Corp. 73,037 were accumulated by Zacks Inv Mgmt. 207,399 are held by Los Angeles Cap Management And Equity. Morgan Stanley accumulated 0% or 320,967 shs. First Tru Advisors Limited Partnership holds 0.01% or 146,379 shs. 82,300 are held by Bridgeway Cap Management Inc. State Street owns 2.04 million shs. Wedge Mngmt L Lp Nc invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Virginia Retirement System Et Al has 125,000 shs. Jane Street Group Ltd Liability holds 0.01% or 221,212 shs. Tiaa Cref Invest Ltd Llc has 0.02% invested in Third Point Reinsurance Ltd. (NYSE:TPRE). Robeco Institutional Asset Mngmt Bv accumulated 0.1% or 1.35 million shs. D E Shaw Company Inc invested in 0% or 10,273 shs. Legal & General Gru Public Limited reported 177,800 shs.

TPRE had 1 insider sale and 0 insider purchases since March 20, 2018. This’s net activity of $1.47 million.

According to 2017Q4 Securities and Exchange form the Kelso & Company Lp reduced its stake in Third Point Reinsurance Ltd. (TPRE) by 60%. By selling 15.00M shares Kelso & Company Lp made the stock sank with 7.89%. The property-casualty insurers company reported $146.50 million value for the 2017Q4. Now the hedge fund is holding 10.00M shares, compared to the 25.00 million from the previous quarter. Kelso & Company Lp has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on May, 3. They expect $0.37 EPS, down 62.24 % or $0.61 from last year’s $0.98 per share. TPRE’s profit will be $37.57M for 8.94 P/E if the $0.37 EPS becomes a reality. After $0.41 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts -9.76 % negative EPS growth.

Third Point Reinsurance Ltd. (NYSE:TPRE) Ratings Coverage

Total analysts of 3 have positions in Third Point Reinsurance Ltd (NYSE:TPRE) as follows: 1 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 33%. Since November 10, 2017 according to StockzIntelligence Inc Third Point Reinsurance Ltd has 3 analyst reports. On Friday, November 10 the stock of Third Point Reinsurance Ltd. (NYSE:TPRE) has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, April 3 the stock of Third Point Reinsurance Ltd. (NYSE:TPRE) has “Buy” rating given by Bank of America. In Monday, December 4 report Keefe Bruyette & Woods maintained it with “Hold” rating and $19.0 target.

Third Point Reinsurance Ltd. (NYSE:TPRE) Analyst Ratings Chart

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