Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLREFree Report) by 288.2% during the third quarter, Holdings Channel reports. The firm owned 48,646 shares of the financial services provider’s stock after acquiring an additional 36,116 shares during the quarter. JPMorgan Chase & Co.’s holdings in Greenlight Capital Re were worth $664,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GLRE. Dimensional Fund Advisors LP increased its position in shares of Greenlight Capital Re by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock worth $26,730,000 after acquiring an additional 48,317 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in Greenlight Capital Re in the second quarter valued at $138,000. Bank of Montreal Can purchased a new position in Greenlight Capital Re in the second quarter valued at $894,000. AQR Capital Management LLC increased its holdings in Greenlight Capital Re by 48.1% in the second quarter. AQR Capital Management LLC now owns 25,399 shares of the financial services provider’s stock valued at $333,000 after buying an additional 8,246 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Greenlight Capital Re in the third quarter valued at $133,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Greenlight Capital Re Stock Performance

NASDAQ GLRE opened at $13.74 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re, Ltd. has a 1 year low of $11.08 and a 1 year high of $15.82. The company has a market capitalization of $478.56 million, a PE ratio of 5.45 and a beta of 0.89. The company has a fifty day moving average of $14.30 and a two-hundred day moving average of $13.85.

Greenlight Capital Re (NASDAQ:GLREGet Free Report) last announced its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36. The firm had revenue of $188.01 million during the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. During the same quarter in the previous year, the business earned $0.39 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd.

Check Out Our Latest Analysis on Greenlight Capital Re

About Greenlight Capital Re

(Free Report)

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, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.

See Also

Want to see what other hedge funds are holding GLRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenlight Capital Re, Ltd. (NASDAQ:GLREFree Report).

Institutional Ownership by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

Receive News & Ratings for Greenlight Capital Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenlight Capital Re and related companies with MarketBeat.com's FREE daily email newsletter.