JPMorgan Chase & Co. Boosts Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

JPMorgan Chase & Co. boosted its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 288.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,646 shares of the financial services provider’s stock after acquiring an additional 36,116 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of Greenlight Capital Re worth $664,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position 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 buying an additional 48,317 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of Greenlight Capital Re by 27.8% in the third 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 period. State Street Corp boosted its stake in shares of Greenlight Capital Re by 1.1% in the third quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock worth $7,861,000 after acquiring an additional 6,319 shares during the period. CWA Asset Management Group LLC bought a new position in Greenlight Capital Re during the third quarter valued at approximately $4,972,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Greenlight Capital Re during the third quarter valued at approximately $1,188,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd.

Greenlight Capital Re Trading Up 0.9 %

Shares of NASDAQ:GLRE opened at $13.74 on Tuesday. Greenlight Capital Re, Ltd. has a 12-month low of $11.08 and a 12-month high of $15.82. The business’s fifty day simple moving average is $14.30 and its 200-day simple moving average is $13.85. The company has a market capitalization of $478.56 million, a PE ratio of 5.45 and a beta of 0.89. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 earnings per share for the quarter, topping 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 period in the previous year, the business earned $0.39 EPS.

Greenlight Capital Re Company 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.