As Third Point Reinsurance LTD (TPRE) Shares Declined, Kelso & Company LP Decreased Stake by $210.00 Million

April 16, 2018 - By Carol Mulligan

Big Money Sentiment increased to 3.26 in 2017 Q4. It has change of 1.02, from 2017Q3’s 2.24. The ratio improved due to TPRE positioning: 12 sold and 22 reduced. 34 funds bought holdings and 77 increased holdings. Investors holded 79.68 million in 2017Q3 but now own 151.48 million shares or 90.11% more. Gsa Capital Ltd Liability Partnership stated it has 23,763 shs or 0.02% of all its holdings. Pdt Ltd Com invested 0.02% of its capital in Third Point Reinsurance Ltd. (NYSE:TPRE). Tower Research Capital Limited Liability Company (Trc) has 0% invested in Third Point Reinsurance Ltd. (NYSE:TPRE) for 603 shs. James Inc accumulated 0.05% or 100,700 shs. Credit Suisse Ag owns 103,812 shs. 3.94 million are held by Jpmorgan Chase Communication. Citadel Advsrs Ltd Liability owns 0% invested in Third Point Reinsurance Ltd. (NYSE:TPRE) for 66,736 shs. Capstone Inv Advsrs Limited Liability Co reported 43,346 shs. Geode Cap Ltd Co reported 726,131 shs. Laurion Capital Mgmt Limited Partnership holds 0% or 55,700 shs in its capital. New Vernon Mngmt Limited Company, Illinois-based fund reported 209,070 shs. Rhumbline Advisers owns 0.01% invested in Third Point Reinsurance Ltd. (NYSE:TPRE) for 185,944 shs. First Advsrs LP has invested 0.01% in Third Point Reinsurance Ltd. (NYSE:TPRE). Affinity Investment Advsrs Ltd Liability, California-based fund reported 16,539 shs. Robeco Institutional Asset Management Bv has 0.1% invested in Third Point Reinsurance Ltd. (NYSE:TPRE).

TPRE had 1 sale and 0 insider purchases since March 20, 2018. This’s net activity of $1.47 million.

In 2017Q4 SEC filling is reported Kelso & Company Lp’s holdings in Third Point Reinsurance Ltd. (TPRE) which was decreased by 60%. 15.00 million shares were sold by Kelso & Company Lp as the company’s stock declined 7.89% with the market. The property-casualty insurers company at the end of 2017Q4 was valued at $146.50M. It’s down from 25.00M at the end of the previous reported quarter. Now it had 10.00M shares held by the hedge fund . Kelso & Company Lp has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on May, 3. They expect $0.37 EPS, down 62.24 % or $0.61 from last year’s $0.98 per share. TPRE’s profit will be $37.57M for 8.94 P/E if the $0.37 EPS becomes a reality. After $0.41 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts -9.76 % negative EPS growth.

Third Point Reinsurance Ltd. (NYSE:TPRE) Ratings Coverage

Total analysts of 3 have positions in Third Point Reinsurance Ltd (NYSE:TPRE) as follows: 1 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 33%. Since November 10, 2017 according to StockzIntelligence Inc Third Point Reinsurance Ltd has 3 analyst reports. On Tuesday, April 3 the stock has “Buy” rating by Bank of America. On Friday, November 10 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Monday, December 4 the firm earned “Hold” rating by Keefe Bruyette & Woods.

Third Point Reinsurance Ltd. (NYSE:TPRE) Analyst Ratings Chart

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