Third Point (NYSE:TPRE) “Buy” Rating Reconfirmed Today By KBW; The Target is $16.5

September 17, 2017 - By Winifred Garcia

 Third Point (NYSE:TPRE)

Investors sentiment increased to 1.61 in Q4 2016. Its up 0.66, from 0.95 in 2016Q3. It increased, as 7 investors sold Third Point Reinsurance Ltd shares while 26 reduced holdings. 27 funds opened positions while 26 raised stakes. 75.30 million shares or 2.14% more from 73.72 million shares in 2016Q3 were reported.

Creative Planning reported 0% stake. Amer Century invested in 0% or 28,840 shares. Ny State Common Retirement Fund reported 0% in Third Point Reinsurance Ltd (NYSE:TPRE). Glacier Peak Capital Ltd Co stated it has 65,599 shares or 0.44% of all its holdings. Kcg accumulated 11,829 shares or 0% of the stock. 278,703 were reported by Matarin Cap Management Limited Liability Com. Hsbc Public Limited Company accumulated 0% or 16,385 shares. Rhumbline Advisers reported 0% in Third Point Reinsurance Ltd (NYSE:TPRE). Horizon Kinetics Ltd Liability Corp reported 34,908 shares stake. 25,035 are owned by Highbridge Cap Mngmt Llc. Bancorporation Of New York Mellon holds 0% or 266,213 shares in its portfolio. Cubist Systematic Strategies Lc owns 7,676 shares or 0.01% of their US portfolio. Entrustpermal Mgmt Limited Co reported 3.57M shares. Aviance Partners Ltd Company owns 101,219 shares for 0.41% of their portfolio. 14,532 were accumulated by Princeton Alpha Lp.

Since May 25, 2017, it had 0 insider purchases, and 3 insider sales for $381,750 activity. 20,000 shares were sold by Malloy Daniel V., worth $253,000 on Thursday, May 25.

Third Point (NYSE:TPRE) Rating Reaffirmed

KBW now has a $16.5 target price per share on shares of Third Point (NYSE:TPRE). The target price per share suggests a potential upside of 14.58 % from the previous stock close of Third Point (NYSE:TPRE). This rating was disclosed to clients in an analyst note on 8 September.

Investors sentiment increased to 1.61 in Q4 2016. Its up 0.66, from 0.95 in 2016Q3. It increased, as 7 investors sold Third Point Reinsurance Ltd shares while 26 reduced holdings. 27 funds opened positions while 26 raised stakes. 75.30 million shares or 2.14% more from 73.72 million shares in 2016Q3 were reported.

Creative Planning reported 0% stake. Amer Century invested in 0% or 28,840 shares. Ny State Common Retirement Fund reported 0% in Third Point Reinsurance Ltd (NYSE:TPRE). Glacier Peak Capital Ltd Co stated it has 65,599 shares or 0.44% of all its holdings. Kcg accumulated 11,829 shares or 0% of the stock. 278,703 were reported by Matarin Cap Management Limited Liability Com. Hsbc Public Limited Company accumulated 0% or 16,385 shares. Rhumbline Advisers reported 0% in Third Point Reinsurance Ltd (NYSE:TPRE). Horizon Kinetics Ltd Liability Corp reported 34,908 shares stake. 25,035 are owned by Highbridge Cap Mngmt Llc. Bancorporation Of New York Mellon holds 0% or 266,213 shares in its portfolio. Cubist Systematic Strategies Lc owns 7,676 shares or 0.01% of their US portfolio. Entrustpermal Mgmt Limited Co reported 3.57M shares. Aviance Partners Ltd Company owns 101,219 shares for 0.41% of their portfolio. 14,532 were accumulated by Princeton Alpha Lp.

Since May 25, 2017, it had 0 insider purchases, and 3 insider sales for $381,750 activity. 20,000 shares were sold by Malloy Daniel V., worth $253,000 on Thursday, May 25.

Third Point Reinsurance Ltd (NYSE:TPRE) Ratings Coverage

Among 4 analysts covering Third Point Reinsurance (NYSE:TPRE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Third Point Reinsurance has $16.5000 highest and $15 lowest target. $15.60’s average target is 8.33% above currents $14.4 stock price. Third Point Reinsurance had 9 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Wood on Thursday, October 1. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, August 3. As per Monday, May 8, the company rating was upgraded by Keefe Bruyette & Woods. Compass Point maintained the stock with “Buy” rating in Wednesday, September 2 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, September 8.

The stock increased 1.23% or $0.17 on September 15, reaching $14.4. About 607,124 shares traded or 40.58% up from the average. Third Point Reinsurance Ltd (NYSE:TPRE) has risen 10.16% since September 17, 2016 and is uptrending. It has underperformed by 6.54% the S&P500.

Analysts expect Third Point Reinsurance Ltd (NYSE:TPRE) to report $0.42 EPS on November, 2.They anticipate $0.26 EPS change or 38.24 % from last quarter’s $0.68 EPS. TPRE’s profit would be $45.21 million giving it 8.57 P/E if the $0.42 EPS is correct. After having $0.71 EPS previously, Third Point Reinsurance Ltd’s analysts see -40.85 % EPS growth.

Third Point Reinsurance Ltd. is a holding company. The company has market cap of $1.55 billion. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. It has a 7.44 P/E ratio. The Company’s divisions include Property and Casualty Reinsurance, and Corporate.

More important recent Third Point Reinsurance Ltd (NYSE:TPRE) news were published by: Prnewswire.com which released: “Third Point Reinsurance Ltd. Appoints David Govrin Executive Vice President …” on April 10, 2017, also Seekingalpha.com published article titled: “Third Point Reinsurance’s (TPRE) CEO Rob Bredahl On Q2 2017 Results – Earnings …”, Prnewswire.com published: “Third Point Reinsurance Ltd. Announces CEO Transition” on February 23, 2017. More interesting news about Third Point Reinsurance Ltd (NYSE:TPRE) was released by: Reuters.com and their article: “BRIEF-Third Point Reinsurance Ltd says Robert Bredahl appointed as ceo of co …” with publication date: August 08, 2017.

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