Charles Schwab Investment Management Inc. Purchases 2,318 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Charles Schwab Investment Management Inc. boosted its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,154 shares of the financial services provider’s stock after purchasing an additional 2,318 shares during the period. Charles Schwab Investment Management Inc. owned about 0.22% of Greenlight Capital Re worth $1,053,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLRE. CWA Asset Management Group LLC purchased a new position in shares of Greenlight Capital Re during the third quarter valued at approximately $4,972,000. Private Management Group Inc. lifted its stake in shares of Greenlight Capital Re by 27.8% during the 3rd quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider’s stock worth $10,832,000 after acquiring an additional 172,523 shares during the last quarter. American Century Companies Inc. boosted its holdings in Greenlight Capital Re by 36.3% during the 2nd quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock valued at $4,543,000 after acquiring an additional 92,364 shares during the period. Bank of Montreal Can bought a new position in Greenlight Capital Re in the 2nd quarter valued at $894,000. Finally, Dimensional Fund Advisors LP increased its stake in Greenlight Capital Re by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock worth $26,730,000 after purchasing an additional 48,317 shares during the period. 41.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the sale, the director now owns 86,984 shares in the company, valued at $1,201,249.04. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 22.79% of the stock is owned by company insiders.

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 note on Friday, November 8th.

Greenlight Capital Re Price Performance

Greenlight Capital Re stock opened at $14.44 on Wednesday. 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 market cap of $502.97 million, a price-to-earnings ratio of 5.73 and a beta of 0.88. The firm has a 50-day moving average of $14.35 and a two-hundred day moving average of $13.64. Greenlight Capital Re, Ltd. has a 1 year low of $10.86 and a 1 year high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36. The firm had revenue of $188.01 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. During the same quarter in the previous year, the firm posted $0.39 EPS.

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.