Stifel Financial Corp Has $630,000 Stock Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Stifel Financial Corp reduced its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 5.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 46,135 shares of the financial services provider’s stock after selling 2,735 shares during the quarter. Stifel Financial Corp’s holdings in Greenlight Capital Re were worth $630,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Greenlight Capital Re by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock valued at $26,730,000 after purchasing an additional 48,317 shares during the period. Private Management Group Inc. raised its position in shares of Greenlight Capital Re by 27.8% in the third quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider’s stock valued at $10,832,000 after buying an additional 172,523 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Greenlight Capital Re during the 3rd quarter valued at $4,972,000. American Century Companies Inc. grew its stake in Greenlight Capital Re by 36.3% during the second quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock worth $4,543,000 after buying an additional 92,364 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Greenlight Capital Re by 15.5% during the second quarter. Bank of New York Mellon Corp now owns 103,273 shares of the financial services provider’s stock worth $1,353,000 after purchasing an additional 13,897 shares during the last quarter. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Price Performance

GLRE opened at $13.79 on Thursday. The firm’s fifty day moving average price is $14.36 and its two-hundred day moving average price is $13.67. The company has a market capitalization of $480.33 million, a price-to-earnings ratio of 5.47 and a beta of 0.88. 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 $10.95 and a 1 year high of $15.82.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Insider Buying and Selling at Greenlight Capital Re

In other news, Director Ian Isaacs sold 7,159 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $13.81, for a total value of $98,865.79. Following the transaction, the director now owns 86,984 shares in the company, valued at approximately $1,201,249.04. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.79% of the stock is currently owned by company insiders.

About Greenlight Capital Re

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.