Zacks Investment Research downgraded Third Point Reinsurance Ltd (NYSE:TPRE) to Strong Sell in a report released today.
- Updated: October 8, 2016
Zacks Investment Research has downgraded Third Point Reinsurance Ltd (NYSE:TPRE) to Strong Sell in a report released on 10/06/2016.
Yesterday Third Point Reinsurance Ltd (NYSE:TPRE) traded 0.99% higher at $12.14. The company’s 50-day moving average is $12.42 and its 200-day moving average is $11.88. The last closing price is up 2.64% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 283,076 shares of TPRE traded, up from an avg. volume of 255,160
Recent Performance Chart
Third Point Reinsurance Ltd has 52 week low of $10.08 and a 52 week high of $14.42 and has a market capitalization of $0.
Brief Synopsis On 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 operates through two segments: Property and Casualty Reinsurance, and Catastrophe Risk Management. The Property and Casualty Reinsurance segment provides reinsurance products to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Catastrophe Risk Management segment is engaged in the underwriting of property catastrophe exposures. The Company's investable assets are managed by its investment manager, Third Point LLC. The Company 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's business is sourced through reinsurance brokers.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.