Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,588 shares of the financial services provider’s stock after selling 1,674 shares during the period. Invesco Ltd. owned approximately 0.17% of Greenlight Capital Re worth $848,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Management Group Inc. grew its stake in shares of Greenlight Capital Re by 17.3% in the fourth quarter. Private Management Group Inc. now owns 930,479 shares of the financial services provider’s stock worth $13,027,000 after acquiring an additional 136,935 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Greenlight Capital Re during the 3rd quarter worth $1,188,000. Wells Fargo & Company MN increased its holdings in Greenlight Capital Re by 74.7% during the 4th quarter. Wells Fargo & Company MN now owns 180,581 shares of the financial services provider’s stock worth $2,528,000 after purchasing an additional 77,195 shares during the period. American Century Companies Inc. raised its holdings in Greenlight Capital Re by 13.6% in the fourth quarter. American Century Companies Inc. now owns 469,760 shares of the financial services provider’s stock valued at $6,577,000 after acquiring an additional 56,281 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Greenlight Capital Re by 99.8% in the fourth quarter. JPMorgan Chase & Co. now owns 97,210 shares of the financial services provider’s stock worth $1,361,000 after acquiring an additional 48,564 shares during the last quarter. 41.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Greenlight Capital Re

In other Greenlight Capital Re news, insider Brian Joseph Oreilly sold 8,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total value of $112,000.00. Following the completion of the transaction, the insider now owns 99,330 shares in the company, valued at $1,390,620. This represents a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 22.79% of the company’s stock.

Greenlight Capital Re Trading Up 1.1 %

NASDAQ:GLRE opened at $13.21 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. Greenlight Capital Re, Ltd. has a 1 year low of $11.95 and a 1 year high of $15.82. The stock has a market cap of $456.59 million, a P/E ratio of 5.24 and a beta of 0.67. The stock has a 50-day simple moving average of $13.37 and a 200-day simple moving average of $13.81.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings results on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The company had revenue of $143.76 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

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.