State Street Corp Acquires 6,319 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

State Street Corp increased its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 575,930 shares of the financial services provider’s stock after acquiring an additional 6,319 shares during the quarter. State Street Corp owned about 1.63% of Greenlight Capital Re worth $7,861,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GLRE. Bfsg LLC grew its holdings in shares of Greenlight Capital Re by 25.8% during the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 1,340 shares in the last quarter. Martingale Asset Management L P lifted its position in Greenlight Capital Re by 5.0% in the third quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 1,422 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Greenlight Capital Re by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 2,318 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Greenlight Capital Re by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 45,874 shares of the financial services provider’s stock valued at $601,000 after buying an additional 2,923 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings in shares of Greenlight Capital Re by 5.5% during the 3rd quarter. Independent Advisor Alliance now owns 61,127 shares of the financial services provider’s stock worth $834,000 after acquiring an additional 3,200 shares during the period. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Trading Down 0.4 %

Shares of Greenlight Capital Re stock opened at $13.83 on Friday. Greenlight Capital Re, Ltd. has a 12-month low of $10.95 and a 12-month high of $15.82. The stock has a market capitalization of $481.73 million, a P/E ratio of 5.49 and a beta of 0.88. The company has a 50-day simple moving average of $14.36 and a 200 day simple moving average of $13.68. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09.

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

About Greenlight Capital Re

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.