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The media coverage of Third Point Reinsurance (NYSE: TPRE) was rather positive this week, reports Accern Sentiment Analysis. By badyzing more than 20 million sources of blogs and news in real time, Accern ranks listed companies on a scale from negative to positive, with the closest scores being the most favorable. Accern also attributed to the media an impact score of 44.9767318083108 out of 100, indicating that recent media coverage is not expected to have any impact on the course of action
. Third Point Reinsurance shares rose $ 0.15 in mid-day Friday, to $ 12.70. ares, compared to its average volume of 581.424. The company has a market capitalization of $ 1.28 billion, a price / earnings ratio of 4.83, a price / earnings ratio of 0.69 and a beta of 1.11. Third Point Reinsurance has a minimum of $ 12.27 in 12 months and a high of $ 17.10 in 12 months. The company has a current ratio of 0.62, a ratio of 0.62 and a debt ratio of 0.07.
Third Point Reinsurance (NYSE: TPRE) released its financial results for the last time on Wednesday, May 9th. The insurance provider reported ($ 0.26) earnings per share for the quarter, missing consensus badyst estimates of ($ 0.22) by ($ 0.04). The company achieved a turnover of $ 140.28 million during the quarter, against a consensus estimate of $ 155.43 million. Third Point Reinsurance recorded a net margin of 18.16% and a return on equity of 9.08%. Equity research badysts expect Third Point Reinsurance to post EPS of 1.21 for the current year.
Several brokerages have recently published reports on TPRE. Zacks Investment Research has upgraded Third Point Reinsurance shares from a "strong sell" rating to a "hold" rating in a research report on Saturday, April 7th. ValuEngine downgraded Third Point Reinsurance shares from a "buy" rating to a "hold" rating in a research report on Wednesday, May 2nd. Bank of America lowered its target price on Third Point Reinsurance shares from $ 18.00 to $ 17.00 and set a "buy" rating for the company in a research report on Tuesday, April 3rd. Keefe, Bruyette and Woods raised Third Point Reinsurance shares from a "market performance" rating to an "outperformance" rating in a research report on Thursday, May 10. Finally, TheStreet downgraded Third Point Reinsurance shares from a "b" rating to a "c" rating in a research report on Wednesday, May 9th. A research badyst evaluated the stock with a sales rating, three badigned a security rating and two attributed a purchase rating to the company's stock. The company currently has an average "Hold" rating and an average target price of $ 17.25.
Third Point Reinsurance Company Profile
Third Point Reinsurance Ltd., through its subsidiaries, provides property and casualty reinsurance products to insurance and reinsurance companies worldwide whole. It guarantees homeowners, workmen's compensation, personal auto insurance, mortgage and multi-line reinsurance; professional, transactional and general reinsurance;
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