Greenlight Capital Re (NASDAQ:GLRE) Announces Quarterly Earnings Results, Beats Estimates By $0.36 EPS

Greenlight Capital Re (NASDAQ:GLRE) issued its quarterly earnings results on Monday. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.36, RTT News reports. Greenlight Capital Re had a return on equity of 10.88% and a net margin of 9.60%. During the same quarter in the prior year, the business posted $0.39 EPS.

Greenlight Capital Re Trading Up 0.4 %

Shares of NASDAQ:GLRE opened at $13.56 on Tuesday. Greenlight Capital Re has a 52 week low of $10.49 and a 52 week high of $14.31. The company’s 50 day moving average is $13.72 and its two-hundred day moving average is $13.21. The company has a market cap of $478.95 million, a PE ratio of 7.14 and a beta of 0.85. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Insider Transactions at Greenlight Capital Re

In related news, Director Ian Isaacs sold 7,159 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total value of $98,865.79. Following the transaction, the director now owns 86,984 shares of the company’s stock, valued at $1,201,249.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 22.79% of the company’s stock.

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.