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Third Point Reinsurance Ltd (NYSE:TPRE) target price raised to $15.00, reported today by Zacks Investment Research

Boasting a price of $13.90, Third Point Reinsurance Ltd (NYSE:TPRE) traded -0.34% lower on the day. With the last stock price close up 13.10% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Third Point Reinsurance Ltd has recorded a 50-day average of $14.29 and a two hundred day average of $12.78. Volume of trade was down over the average, with 386,384 shares of TPRE changing hands under the typical 581,006

Third Point Reinsurance Ltd (NYSE:TPRE) had its stock price target increased to $15.00 by Zacks Investment Research in a report released Saturday July 08, 2017. The new target price indicates a potential upside of 0.08% from the company's most recent stock price close.

Performance Chart

Third Point Reinsurance Ltd (NYSE:TPRE)

With a total market value of $0, Third Point Reinsurance Ltd has price-earnings ratio of 7.48 with a one year low of $11.05 and a one year high of $15.10 .

Brief Synopsis About Third Point Reinsurance Ltd (NYSE:TPRE)

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. The Company also writes reinsurance contracts that provide protection against adverse development on loss reserves. Through Third Point LLC, the Company makes investments globally in all sectors, and in equity, credit, commodity, currency, options and other instruments. The Company also acts as the underwriter for the majority of the premium that it underwrites. The Company writes reinsurance contracts covering product lines, such as property, workers' compensation, auto, general liability, professional liability, credit and financial lines, and multi-line.

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