Streetbeat News

GLRE

Greenlight Capital Re, Ltd.

Industry

Insurance - Reinsurance

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, energy, aviation, crop, cyber, political, and terrorism products. The company markets its products through reinsurance brokers. Greenlight Capital Re, Ltd. was incorporated in 2004 and is headquartered in Grand Cayman, the Cayman Islands.

Open

14.62

Mkt cap

505M

Volume

66K

High

14.62

P/E Ratio

5.73

52-wk high

15.82

Low

14.40

Div yield

N/A

52-wk low

10.68

In Tuesday's intraday session, insurance stocks saw notable movements. Abacus Life (ABL) led the gainers, rising 7.91% to $10.43, while Oxbridge Re Holdings (OXBR) led the losers, declining 4.55% to $1.05. Other gainers included James River Gr Hldgs (JRVR), American Coastal (ACIC), Trupanion (TRUP), Hallmark Financial Servs (HALL), and Marpai (MRAI). Losers comprised Crawford (CRD), Kingstone Companies (KINS), Global Indemnity Group (GBLI), and Greenlight Capital Re (GLRE). Trading volumes for these stocks were at 0% of their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 5:40 pm

In Friday's intraday session, insurance stocks saw significant movement. Marpai, SiriusPoint, Crawford, Reinsurance Gr, Greenlight Capital Re, and James River Gr Hldgs were gainers, with Marpai leading at a 56.98% increase. Losers included eHealth, Abacus Life, Lemonade, Waterdrop, Tian Ruixiang Holdings, and GoHealth, with eHealth dropping by 4.94%. Most companies recently released their Q3 earnings, which could be influencing stock performance.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:40 pm

Greenlight Capital Re (NASDAQ:GLRE) reported its Q3 earnings, beating estimated earnings by 230.0% with an EPS of $0.39 versus an estimate of $-0.3. Revenue was up $40.20 million from the same period last year. Last quarter, the company beat on EPS by $0.37, which was followed by a 6.27% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 9:40 pm

Greenlight Capital Re reported Q3 earnings of $0.39 per share, beating the analyst consensus estimate of $(0.30) by 230 percent. This is a 169.64 percent increase over losses of $(0.56) per share from the same period last year. The company reported $166.92 million in sales this quarter, a 31.72 percent increase over sales of $126.72 million the same period last year.

Portfolio Pulse from totan@benzinga.com

November 08, 2023 | 9:39 pm

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) announced that its CEO, Simon Burton, will step down from his position and as a director, effective December 31, 2023. Greg Richardson, former Chief Risk and Strategy Officer at TransRe, will succeed Burton as CEO and board member from January 1, 2024. Burton will serve as an advisor and provide transitional services through April 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:33 pm

Greenlight Capital Re (NASDAQ:GLRE) is set to release its quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $-0.30. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. The company's shares are currently trading at $11.39 and have seen a 39.75% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 4:01 pm

During Wednesday's intraday session, insurance stocks saw significant movement. Gainers included SelectQuote (SLQT), eHealth (EHTH), GoHealth (GOCO), Goosehead Insurance (GSHD), Root (ROOT), and Trupanion (TRUP). Losers included Kingsway Financial Servs (KFS), Reliance Global Group (RELI), Citizens (CIA), Heritage Insurance Hldgs (HRTG), Greenlight Capital Re (GLRE), and Universal Insurance Hldgs (UVE).

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 5:40 pm

During Thursday's intraday session, several insurance stocks experienced significant movement. Gainers included Trupanion (TRUP), Crawford (CRD), Reliance Global Group (RELI), Greenlight Capital Re (GLRE), MetLife (MET), and Universal Insurance Hldgs (UVE). Losers included FG Finl Gr (FGFPP), Tian Ruixiang Holdings (TIRX), Marpai (MRAI), Abacus Life (ABL), Huize Holding (HUIZ), and American Financial Group, Inc. 5.125% Subordinated Debentures due 2059 (AFGC).

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:40 pm

Insurance stocks saw significant movement in Monday's intraday session. Gainers included Fidelis Insurance Hldgs (FIHL), Huize Holding (HUIZ), MBIA (MBI), Greenlight Capital Re (GLRE), Kingsway Financial Servs (KFS), and FG Finl Gr (FGF). Losers included Hippo Holdings (HIPO), Abacus Life (ABL), Reliance Global Group (RELI), FG Finl Gr (FGFPP), Kingstone Companies (KINS), and Fanhua (FANH).

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 5:40 pm

Greenlight Capital Re reported Q2 earnings of $1.32 per share, beating the analyst consensus estimate of $0.95 by 38.95%. This represents a 256.76% increase over earnings of $0.37 per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:26 pm

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