HighTower Advisors LLC Has $1.05 Million Position in Greenlight Reinsurance, Ltd. (GLRE)

HighTower Advisors LLC decreased its position in shares of Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,345 shares of the financial services provider’s stock after selling 153 shares during the quarter. HighTower Advisors LLC owned approximately 0.13% of Greenlight Reinsurance worth $1,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Greenlight Reinsurance by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,792,332 shares of the financial services provider’s stock valued at $39,611,000 after buying an additional 156,858 shares in the last quarter. Citadel Advisors LLC lifted its stake in shares of Greenlight Reinsurance by 72.4% during the 1st quarter. Citadel Advisors LLC now owns 40,251 shares of the financial services provider’s stock valued at $889,000 after buying an additional 16,903 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Greenlight Reinsurance by 10.4% during the 1st quarter. Teachers Advisors LLC now owns 55,492 shares of the financial services provider’s stock valued at $1,226,000 after buying an additional 5,238 shares in the last quarter. AXA lifted its stake in shares of Greenlight Reinsurance by 81.4% during the 2nd quarter. AXA now owns 30,751 shares of the financial services provider’s stock valued at $643,000 after buying an additional 13,800 shares in the last quarter. Finally, Fiduciary Management Inc. WI lifted its stake in shares of Greenlight Reinsurance by 0.6% during the 2nd quarter. Fiduciary Management Inc. WI now owns 2,065,537 shares of the financial services provider’s stock valued at $43,170,000 after buying an additional 11,692 shares in the last quarter. Institutional investors own 45.43% of the company’s stock.

In other Greenlight Reinsurance news, Director Leonard R. Goldberg sold 1,659 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $22.75, for a total transaction of $37,742.25. Following the completion of the transaction, the director now owns 170,021 shares in the company, valued at approximately $3,867,977.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leonard R. Goldberg sold 1,754 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $22.76, for a total transaction of $39,921.04. Following the transaction, the director now owns 170,021 shares of the company’s stock, valued at approximately $3,869,677.96. The disclosure for this sale can be found here. Insiders have sold a total of 6,468 shares of company stock valued at $147,928 in the last 90 days. Insiders own 21.81% of the company’s stock.

GLRE has been the topic of several research analyst reports. ValuEngine cut shares of Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, BidaskClub cut shares of Greenlight Reinsurance from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

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Greenlight Reinsurance, Ltd. (GLRE) opened at 22.25 on Friday. The stock’s 50 day moving average is $21.57 and its 200-day moving average is $21.32. Greenlight Reinsurance, Ltd. has a 1-year low of $19.25 and a 1-year high of $24.10. The company has a market capitalization of $830.84 million, a P/E ratio of 15.95 and a beta of 0.74.

Greenlight Reinsurance (NASDAQ:GLRE) last announced its quarterly earnings data on Monday, July 31st. The financial services provider reported ($0.96) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.00) by $0.04. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. The firm had revenue of $121.48 million during the quarter, compared to analysts’ expectations of $139.90 million. On average, analysts expect that Greenlight Reinsurance, Ltd. will post $0.63 earnings per share for the current fiscal year.

Greenlight Reinsurance Profile

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.

Institutional Ownership by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)

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