Greenlight Capital Re (NASDAQ:GLRE) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened
Greenlight Capital Re (NASDAQ:GLRE) stock recently climbed above its 200-day moving average of $13.24, trading as high as $14.16 before settling at $13.97, with a volume of 131,599 shares. The company has a market cap of approximately $476.4 million and a negative P/E ratio, but exhibits strong liquidity and low debt-to-equity. Institutional investors hold 41.52% of the stock, and Weiss Ratings has maintained a "Hold (c-)" rating.
Greenlight Capital Re (NASDAQ:GLRE) Share Price Crosses Above 200 Day Moving Average - Time to Sell?
Greenlight Capital Re (NASDAQ:GLRE) saw its share price cross above its 200-day moving average, reaching $13.94 with an average of $13.20. Despite this technical signal, analysts rate the stock as "Hold," and the company has a negative P/E ratio, indicating current losses. Notably, company insiders recently increased their stake, with two directors purchasing shares in November, bringing total insider ownership to 23.55%.
Greenlight Capital Re announces upcoming general counsel resignation
Greenlight Capital Re announced that its General Counsel, Chief Compliance Officer, and Corporate Secretary, David Sigmon, will resign effective May 1, 2026. The company stated that Sigmon's departure is not due to any disagreements and he will remain in his roles until his exit, ensuring an orderly transition. TipRanks' AI Analyst, Spark, rates GLRE as Neutral, citing strong balance-sheet resilience and improved cash generation, offset by weakened profitability and earnings volatility.
Greenlight Capital Re (NASDAQ:GLRE) Stock Price Passes Above 200-Day Moving Average - Here's What Happened
Greenlight Capital Re (NASDAQ:GLRE) stock recently traded above its 200-day moving average, reaching $14.19 with a closing price of $14.01. This occurred despite the company missing its last quarterly earnings estimate. Insider transactions show a director bought shares while another insider sold, and analysts maintain a "Hold" rating on the stock.
With 50% institutional ownership, Greenlight Capital Re, Ltd. (NASDAQ:GLRE) is a favorite amongst the big guns
Greenlight Capital Re, Ltd. (NASDAQ:GLRE) is favored by institutional investors, who collectively own 50% of the company, indicating their confidence in its future. The top 11 shareholders hold 52% of the company, while insiders maintain a significant stake worth US$47 million, aligning their interests with other shareholders. The general public owns 25%, and private companies hold 14% of the stock.
Greenlight Capital Re (NASDAQ:GLRE) Stock Crosses Above 200 Day Moving Average - Should You Sell?
Greenlight Capital Re (NASDAQ:GLRE) stock has crossed above its 200-day moving average, trading at $13.47 against the average of $13.14. Despite this technical indicator, the company's fundamentals show a negative P/E ratio and missed earnings estimates for the last quarter. Insider buying has recently occurred, while institutions hold a significant portion of shares, and analysts maintain a "Hold" rating.
Greenlight Capital Re (NASDAQ:GLRE) Stock Crosses Above 200 Day Moving Average - Time to Sell?
Greenlight Capital Re (NASDAQ:GLRE) stock has crossed above its 200-day moving average of $13.19, trading as high as $13.95 on Monday with a volume of 106,506 shares. Despite this technical breakout, analysts maintain a "Hold" rating, and the company recently reported a quarterly EPS miss of ($0.13) against an estimated $0.10. Insider transactions show mixed signals, with one insider selling shares and a director buying, while institutional ownership stands at approximately 41.52%.
Orchard Capital Management LLC Sells 271,169 Shares of Greenlight Capital Re, Ltd. $GLRE
Orchard Capital Management LLC significantly reduced its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) during Q2, selling 271,169 shares, now holding 238,771 shares valued at $3.43 million. Other institutional investors showed mixed activity, with some increasing their positions and new entries into the stock. The article also provides a financial snapshot of GLRE, highlights recent insider selling, and includes an analyst "Hold" rating.
Greenlight Capital Re Reports Record Underwriting Income
Greenlight Capital Re (GLRE) announced a record quarterly underwriting income for Q3 2025, achieving its lowest combined ratio ever at 86.6%. Despite a challenging investment environment that led to a net loss of $4.4 million for the quarter, the company saw significant increases in gross premiums written and net underwriting income. Management remains optimistic about future underwriting performance and growth opportunities.
Greenlight Capital Re (NASDAQ: GLRE) to release results Nov. 3, hold call Nov. 4
Greenlight Capital Re (NASDAQ: GLRE) will release its third quarter and nine-months ended September 30, 2025 financial results after market close on Monday, November 3, 2025. A live conference call to discuss these results is scheduled for Tuesday, November 4, 2025, at 9:00 a.m. ET. Investors can join via phone or webcast, with a telephone replay and audio file available afterward.
Greenlight Re (NASDAQ: GLRE) upgraded by AM Best; Long-Term ICR now 'bbb', outlooks stable
AM Best has upgraded the Financial Strength Rating of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC to "A" (Excellent) from "A-", and their Long-Term Issuer Credit Ratings to "a" from "a-". Concurrently, AM Best upgraded the Long-Term ICR of Greenlight Capital Re, Ltd. to "bbb" from "bbb-", with outlooks revised from positive to stable. This upgrade reflects Greenlight Re's strong balance sheet, adequate operating performance, and improved return metrics.
Greenlight Capital Re (NASDAQ:GLRE) Shares Pass Above 200-Day Moving Average - Here's What Happened
Greenlight Capital Re (NASDAQ:GLRE) stock recently traded above its 200-day moving average of $13.23, reaching as high as $13.35 before settling at $13.16. This technical movement follows a recent earnings miss where the company reported ($0.13) EPS against a consensus of $0.10, and a downgrade from "Buy" to "Hold" by Weiss Ratings. Insider selling has also been noted, with insiders owning 23.55% of the company, while institutional investors hold 41.52%.
Greenlight Capital Re (NASDAQ: GLRE) rated A (Excellent) FSR by AM Best, outlooks stable
AM Best has upgraded the Financial Strength Rating (FSR) of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, Designated Activity Company to A (Excellent) from A- (Excellent). Concurrently, the Long-Term Issuer Credit Rating (ICR) of Greenlight Capital Re, Ltd. (GLRE) has been upgraded to “bbb” (Good) from “bbb-” (Good), with outlooks revised to stable from positive. These upgrades reflect GLRE's improved operating performance, stabilized investment results, and more profitable underwriting.
Greenlight Capital Re, Ltd. Receives AM Best Upgrade to 'A' Rating for Financial Strength and Long-Term Credit Ratings
AM Best has upgraded the Financial Strength Rating of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC from "A-" to "A," and their Long-Term Issuer Credit Rating from "a-" to "a." The Long-Term ICR of Greenlight Capital Re, Ltd. was also upgraded from "bbb-" to "bbb." These upgrades, with a stable outlook, reflect the company's strong balance sheet, adequate operating performance, and effective risk management strategies.
AM Best Upgrades Financial Strength Rating of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC to “A” (Excellent)
AM Best has upgraded the Financial Strength Rating to "A" (Excellent) from "A-" (Excellent) for Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC, wholly-owned subsidiaries of Greenlight Capital Re, Ltd. Concurrently, the Long-Term Issuer Credit Rating for the company was upgraded, and the outlooks for all credit ratings were revised to stable from positive. These upgrades reflect Greenlight Re's very strong balance sheet, adequate operating performance, neutral business profile, and appropriate enterprise risk management, recognizing the significant progress in transforming its underwriting portfolio and strengthening its long-term strategy.
Greenlight Capital Re Reports Record Quarterly Underwriting Income and Combined Ratio of 86.6% for Q3 2025
Greenlight Capital Re, Ltd. announced record quarterly underwriting income and a combined ratio of 86.6% for Q3 2025, the lowest in the company's history. Despite a strong underwriting performance with increased gross premiums written, the company reported an overall net loss of $4.4 million due to significant investment losses. CEO Greg Richardson highlighted the effectiveness of their underwriting strategy, while Chairman David Einhorn noted challenges in the investment environment.
Weiss Ratings Downgrades Greenlight Capital Re (NASDAQ:GLRE) to Hold (C+)
Weiss Ratings has downgraded Greenlight Capital Re (NASDAQ:GLRE) from a "buy (b-)" to a "hold (c+)" rating, with Wall Street Zen also placing a "hold" rating on the stock. The company recently reported strong quarterly earnings, beating analyst estimates, but insider transactions show executives decreasing their ownership. Institutional investors, however, have been increasing their stakes in the financial services provider.
Greenlight Capital Re Stock Plummets to New 52-Week Low of $11.86
Greenlight Capital Re's stock has fallen to a new 52-week low of USD 11.86 as of October 29, 2025. This decline marks a significant decrease of 5.9% over the past year, contrasting sharply with the S&P 500's performance. The company's recent financial results show a drastic 97.1% drop in net profit and the lowest return on capital employed in recent history.
Greenlight Capital Re, Ltd. Announces Q3 2025 Financial Results Release Date and Conference Call Details
Greenlight Capital Re, Ltd. announced it will release its Q3 and first nine months of 2025 financial results after market close on November 3, 2025. A live conference call to discuss these results is scheduled for November 4, 2025, at 9:00 a.m. Eastern Time, with details for participation provided. The company specializes in multiline property and casualty insurance and reinsurance, utilizing a non-traditional investment strategy and supporting technology innovators through Greenlight Re Innovations.
Greenlight Capital Re, Ltd. Announces Q3 2025 Financial Results Release Date and Conference Call Details
Greenlight Capital Re, Ltd. (NASDAQ: GLRE) is set to release its Q3 and first nine months of 2025 financial results on November 3, 2025, after market close. A conference call to discuss these results will follow on November 4, 2025, at 9:00 a.m. Eastern Time. The company, which specializes in multiline property and casualty insurance and reinsurance, also highlights its non-traditional investment strategy and its Greenlight Re Innovations unit supporting technology innovators in the re/insurance sector.
Greenlight Capital Re Stock Plummets to New 52-Week Low at $12.03
Greenlight Capital Re has reached a new 52-week low, trading at USD 12.03 as of October 22, 2025. The microcap insurance company has experienced a significant decline in stock price over the past year, contrasting sharply with the S&P 500's performance. Recent financial results indicate a sharp drop in net profit and return on capital employed, highlighting the company's struggles.
Greenlight Capital Re's (NASDAQ:GLRE) investors will be pleased with their respectable 84% return over the last five years
Greenlight Capital Re (GLRE) shareholders have seen an 84% return over the past five years, though this lags behind the market's 97% return. The company has become profitable during this period, and its share price increased by 69% in the last three years, while EPS grew by 24% annually. Despite recent market underperformance, the underlying fundamentals suggest potential long-term growth.
Earnings call transcript: Greenlight Capital Re Q2 2025 misses EPS forecasts
Greenlight Capital Re (GLRE) reported Q2 2025 EPS of $0.01, significantly missing the $0.30 forecast, despite revenue reaching $161.64 million. The company's stock rose 1.71% in after-hours trading, suggesting investor optimism about strategic repositioning. Key initiatives include rebalancing the underwriting portfolio and repurchasing $5 million in stock, indicating management's confidence in long-term prospects.
Greenlight capital re officer sells $148k in shares By Investing.com
Thomas James Curnock, Group Chief Underwriting Officer at Greenlight Capital Re, LTD. (NASDAQ: GLRE), sold 11,500 ordinary shares for $148,746 on August 8, 2025. Following the sale, Curnock directly owns 179,832 shares. Despite the insider sale, InvestingPro analysis suggests the stock is trading below its Fair Value, and management is actively buying back shares.
Greenlight Capital Re, Ltd. (NASDAQ:GLRE) is favoured by institutional owners who hold 50% of the company
Institutional investors own 50% of Greenlight Capital Re, Ltd. (NASDAQ:GLRE), indicating their significant influence on the company's stock performance. Despite strong institutional backing, there are no analyst ratings available for GLRE. Insiders also hold about 10% of the company, suggesting alignment with shareholder interests, though there have been some insider sales recently.
Greenlight Capital Re, Ltd. Schedules Second Quarter 2025 Financial Results and Conference Call
Greenlight Capital Re, Ltd. announced it would release its financial results for the second quarter and six months ending June 30, 2025, after the market closes on Monday, August 4, 2025. A live conference call to discuss these results is scheduled for Tuesday, August 5, 2025, at 9:00 a.m. Eastern Time. Details for participating in the call via dial-in or webcast, along with replay information, were provided.
Greenlight Capital Re Q1 2025 Earnings Coming Next Week: Key Details for Investors
Greenlight Capital Re (NASDAQ: GLRE) is scheduled to release its first-quarter 2025 financial results on Wednesday, May 7, 2025, after market close. A conference call to discuss these results will take place on Thursday, May 8, 2025, at 9:00 a.m. Eastern Time. Investors can access the call via toll-free numbers or webcast, with a replay available until May 13, 2025.
When Will Greenlight Capital Re Release Its 2024 Financial Results?
Greenlight Capital Re (NASDAQ: GLRE) will release its Q4 and full-year 2024 financial results after market close on Monday, March 10, 2025. A live conference call to discuss these results will be held on Tuesday, March 11, 2025, at 9:00 a.m. Eastern Time, with options to participate via phone or webcast. A replay will be available until March 18, 2025.
Greenlight Capital Q3 2024 Letter
Greenlight Capital's Q3 2024 letter reports a 1.1% return, significantly underperforming the S&P 500's 5.9% but notes strong alpha generation. The letter discusses the current elevated market valuations, drawing parallels to Warren Buffett's historical market timing actions, and details significant long positions in Brighthouse Financial, CONSOL Energy, Green Brick Partners, HP, and Solvay, as well as exits from NeuBase Therapeutics, NatWest Group, and Ryanair.
Greg Richardson to assume top post at Greenlight Capital Re
Greg Richardson, formerly of Harbor Point Re and TransRe, is set to become the new chief executive officer of Greenlight Capital Re Ltd on January 1. He will succeed Simon Burton, who is stepping down at the end of December but will serve as an adviser until April 2024. David Einhorn, chairman of Greenlight Re, expressed confidence in Richardson's expertise to guide the company through future growth opportunities.
Greenlight Re Announces Second Quarter 2023 Financial Results
Greenlight Capital Re (NASDAQ: GLRE) reported strong second-quarter 2023 financial results, with book value per share increasing 9.9% to $16.21. The period saw a 15.0% rise in gross premiums written and a net income of $49.9 million, despite an unusually active quarter for severe U.S. storms impacting the combined ratio. The company's investment in the Solasglas fund also delivered a solid 10.9% return.
CCO Laura Accurso to leave Greenlight Capital Re
Laura Accurso, General Counsel, Corporate Secretary, and Chief Compliance Officer, will leave Greenlight Capital Re and Greenlight Reinsurance on December 31, 2022, after more than 11 years with the firm. She will receive a cash severance of $1,000,000, plus an additional statutory severance of $105,770. Accurso will also provide non-exclusive consulting services to the firm from January 1, 2023, to April 30, 2023, receiving $25,000 per month.
Greenlight Re makes underwriting leadership promotions
Greenlight Re announced several promotions within its underwriting leadership teams, including Regan Cairns to Chief Underwriting Officer of Greenlight Re and Finbar Griffin to Chief Underwriting Officer of Greenlight Reinsurance Ireland, dac. Kagabo Ngiruwonsanga was promoted to Head of Underwriting of Innovations. Additionally, CEO Simon Burton will relinquish his CUO title while retaining his CEO responsibilities.
David Einhorn’s Greenlight Capital Re Rallies as Investors Smell a Bargain
Greenlight Capital Re, chaired by David Einhorn, is experiencing a rally amidst investor sentiment that it presents a bargain. This comes as the reinsurer undergoes a strategic review, with Einhorn dismissing the likelihood of a large capital raise or liquidation, ahead of a potential ratings downgrade.
Greenlight Capital (GLRE) Q1 2019 Earnings Call Transcript
Greenlight Capital Re (GLRE) reported a net income of $5.9 million for Q1 2019, contrasting with a loss in the previous year, driven by a 6.2% return on its investment portfolio. Despite growth in underwriting and investment performance, the company faced significant losses from reserve increases in its auto insurance class, primarily due to adverse events in Florida from 2015-2018. CEO Simon Burton and President David Einhorn discussed these challenges, along with market improvements in other reinsurance classes and their negative outlook on Tesla shares.
2016 starts positively for Greenlight Re, negatively for Third Point Re
The beginning of 2016 showed a divergence in performance between hedge fund reinsurers Greenlight Re and Third Point Re. Greenlight Re reported a positive investment return of 1.2% in January 2016, a turnaround from its negative performance in 2015, while Third Point Re experienced a -3.3% investment loss. This contrast highlights the ongoing volatility in financial markets and the challenges faced by hedge fund reinsurers with different investment strategies.
What next for hedge fund reinsurers?
The article discusses the emergence and performance of hedge fund-backed reinsurers, particularly in Bermuda, detailing their advantages and recent challenges. It examines the struggles of listed hedge fund reinsurers like Greenlight Capital Re and Third Point Re, highlighting financial setbacks and skepticism from market practitioners and rating agencies. The piece also addresses increased scrutiny from the IRS regarding potential tax abuses and the sustainability of this business model in a competitive market.
Swan Re to pursue asset management-led strategy
Swan Re, a new class 3A reinsurer in Bermuda, will pursue an asset management-led business strategy with assets managed by Swan Wealth Advisors. Its strategy, Swan Group’s defined risk strategy, has achieved an annual return rate of 9.3 percent over 16 years and focuses on capturing market upside while hedging downside. The reinsurance business will be sourced from MultiStrat Re through a quota share arrangement, and industry veterans Gregory Morrison and Jonathan Dodd will join Randy Swan on the Board.
Greenlight Re Announces Third Quarter 2013 Financial Results
Greenlight Re announced strong financial results for the third quarter of 2013, with net income rising to $56.5 million from $46.1 million in the prior year and fully diluted adjusted book value per share increasing by 9.0%. The company reported significant growth in gross written premiums and an underwriting income of $16.0 million, reversing a loss from the previous year. Both underwriting and investment operations contributed positively to the quarter's performance.
