Media stories about Third Point Reinsurance (NYSE:TPRE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Third Point Reinsurance earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.7029218679171 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Third Point Reinsurance Ltd. (TPRE) Upgraded at Zacks Investment Research (americanbankingnews.com)
- $0.50 Earnings Per Share Expected for Third Point Reinsurance Ltd. (TPRE) This Quarter (americanbankingnews.com)
- Third Point Reinsurance (TPRE) (seekingalpha.com)
- Third Point Re Announces Initial Loss Estimates of Third Quarter Catastrophe Activity and Year to Date Investment Returns (finance.yahoo.com)
Third Point Reinsurance (NYSE TPRE) remained flat at $16.25 during midday trading on Wednesday. 251,599 shares of the company’s stock were exchanged. The company has a market cap of $1.74 billion, a PE ratio of 8.38 and a beta of 1.26. Third Point Reinsurance has a 1-year low of $11.05 and a 1-year high of $16.40. The firm’s 50-day moving average price is $14.76 and its 200-day moving average price is $13.61.
Third Point Reinsurance (NYSE:TPRE) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. The business had revenue of $280.88 million during the quarter. Third Point Reinsurance had a return on equity of 13.56% and a net margin of 22.18%. On average, analysts predict that Third Point Reinsurance will post $2.75 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Third Point Reinsurance from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub lowered Third Point Reinsurance from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $16.50 price target on shares of Third Point Reinsurance in a research report on Friday, August 4th. Finally, ValuEngine raised Third Point Reinsurance from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $16.13.
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About Third Point Reinsurance
Third Point Reinsurance Ltd. is a holding company. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company’s segments include Property and Casualty Reinsurance, and Corporate. The Company’s investable assets are managed by its investment manager, Third Point LLC.
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