KBW Has Just Reaffirmed $16.5 Target Price Per Share on Third Point (NYSE:TPRE) stock, While They’ve Also Reiterated Their Buy Rating

September 17, 2017 - By Linda Rogers

 KBW Has Just Reaffirmed $16.5 Target Price Per Share on Third Point (NYSE:TPRE) stock, While They’ve Also Reiterated Their Buy Rating

Investors sentiment increased to 1.61 in Q4 2016. Its up 0.66, from 0.95 in 2016Q3. It improved, 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.

Schwab Charles Inv Management Incorporated stated it has 259,524 shares or 0% of all its holdings. Proshare Advsr Limited Com has invested 0% of its portfolio in Third Point Reinsurance Ltd (NYSE:TPRE). Texas-based Utd Automobile Association has invested 0.03% in Third Point Reinsurance Ltd (NYSE:TPRE). Jacobs Levy Equity Mgmt has 11,400 shares for 0% of their portfolio. Trexquant Invest Lp owns 24,435 shares or 0.04% of their US portfolio. Legal And General Grp Public Ltd Liability Corporation reported 16,108 shares. Brandywine Inv Ltd Limited Liability Company holds 305,587 shares. Point72 Asia (Hong Kong) Ltd owns 0.04% invested in Third Point Reinsurance Ltd (NYSE:TPRE) for 3,306 shares. Glacier Peak Cap Ltd Liability Corp invested in 0.44% or 65,599 shares. Deutsche Financial Bank Ag invested in 221,089 shares or 0% of the stock. Highbridge Limited Liability Corporation holds 0.01% or 25,035 shares. Invesco holds 88,120 shares or 0% of its portfolio. Wells Fargo & Mn accumulated 54,769 shares or 0% of the stock. Jefferies Group Inc Incorporated Limited Com has 20,441 shares for 0% of their portfolio. Matarin Capital Mgmt Ltd Liability has 0% invested in Third Point Reinsurance Ltd (NYSE:TPRE).

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

Third Point (NYSE:TPRE) Rating Reaffirmed

Recently, In a report sent to investors on Friday morning, Third Point (NYSE:TPRE) shares have had their Buy Rating maintained by research analysts at KBW, who currently has a $16.5 TP on firm. This target by KBW suggests the possibile upside of 14.58 % from the last stock close price.

Investors sentiment increased to 1.61 in Q4 2016. Its up 0.66, from 0.95 in 2016Q3. It improved, 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.

Schwab Charles Inv Management Incorporated stated it has 259,524 shares or 0% of all its holdings. Proshare Advsr Limited Com has invested 0% of its portfolio in Third Point Reinsurance Ltd (NYSE:TPRE). Texas-based Utd Automobile Association has invested 0.03% in Third Point Reinsurance Ltd (NYSE:TPRE). Jacobs Levy Equity Mgmt has 11,400 shares for 0% of their portfolio. Trexquant Invest Lp owns 24,435 shares or 0.04% of their US portfolio. Legal And General Grp Public Ltd Liability Corporation reported 16,108 shares. Brandywine Inv Ltd Limited Liability Company holds 305,587 shares. Point72 Asia (Hong Kong) Ltd owns 0.04% invested in Third Point Reinsurance Ltd (NYSE:TPRE) for 3,306 shares. Glacier Peak Cap Ltd Liability Corp invested in 0.44% or 65,599 shares. Deutsche Financial Bank Ag invested in 221,089 shares or 0% of the stock. Highbridge Limited Liability Corporation holds 0.01% or 25,035 shares. Invesco holds 88,120 shares or 0% of its portfolio. Wells Fargo & Mn accumulated 54,769 shares or 0% of the stock. Jefferies Group Inc Incorporated Limited Com has 20,441 shares for 0% of their portfolio. Matarin Capital Mgmt Ltd Liability has 0% invested in Third Point Reinsurance Ltd (NYSE:TPRE).

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

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. Keefe Bruyette & Woods maintained Third Point Reinsurance Ltd (NYSE:TPRE) rating on Thursday, August 3. Keefe Bruyette & Woods has “Buy” rating and $16.5000 target. The rating was maintained by Compass Point on Wednesday, September 2 with “Buy”. The company was maintained on Friday, September 8 by Keefe Bruyette & Woods. The stock has “Market Perform” rating by Wood on Thursday, October 1. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Monday, May 8 report.

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 $45.21M 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: Seekingalpha.com which released: “Third Point Reinsurance’s (TPRE) CEO Rob Bredahl On Q2 2017 Results – Earnings …” on August 03, 2017, also Reuters.com published article titled: “BRIEF-Third Point Reinsurance Ltd says Robert Bredahl appointed as ceo of co …”, 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: Prnewswire.com and their article: “Third Point Reinsurance Ltd. Appoints David Govrin Executive Vice President …” with publication date: April 10, 2017.

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