As Third Pt Reins LTD (TPRE) Stock Value Rose, Holder Pine Brook Road Advisors LP Trimmed Position; Schlumberger LTD (SLB) Shareholder Merriman Wealth Management Cut Position

February 15, 2018 - By wolcottdaily

Pine Brook Road Advisors Lp decreased its stake in Third Pt Reins Ltd (TPRE) by 64.92% based on its latest 2017Q3 regulatory filing with the SEC. Pine Brook Road Advisors Lp sold 2.14M shares as the company’s stock rose 0.82% with the market. The institutional investor held 1.16 million shares of the property-casualty insurers company at the end of 2017Q3, valued at $18.04 million, down from 3.30 million at the end of the previous reported quarter. Pine Brook Road Advisors Lp who had been investing in Third Pt Reins Ltd for a number of months, seems to be less bullish one the $1.51 billion market cap company. The stock increased 2.18% or $0.3 during the last trading session, reaching $14.05. About 342,605 shares traded. Third Point Reinsurance Ltd. (NYSE:TPRE) has risen 10.16% since February 15, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Merriman Wealth Management Llc decreased its stake in Schlumberger Ltd (SLB) by 8.08% based on its latest 2017Q3 regulatory filing with the SEC. Merriman Wealth Management Llc sold 5,235 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 59,585 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $4.16M, down from 64,820 at the end of the previous reported quarter. Merriman Wealth Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $91.16B market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $65.87. About 13.03 million shares traded or 36.73% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since February 15, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Among 5 analysts covering Third Point Reinsurance (NYSE:TPRE), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Third Point Reinsurance had 13 analyst reports since August 7, 2015 according to SRatingsIntel. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Monday, May 8 report. As per Monday, December 4, the company rating was maintained by Keefe Bruyette & Woods. On Friday, November 10 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Keefe Bruyette & Woods maintained it with “Buy” rating and $16.5 target in Tuesday, October 10 report. Keefe Bruyette & Woods maintained it with “Buy” rating and $16.5 target in Friday, September 8 report. Compass Point maintained the stock with “Buy” rating in Wednesday, September 2 report. The stock of Third Point Reinsurance Ltd. (NYSE:TPRE) earned “Market Perform” rating by Wood on Thursday, October 1. Keefe Bruyette & Woods maintained Third Point Reinsurance Ltd. (NYSE:TPRE) rating on Thursday, August 3. Keefe Bruyette & Woods has “Buy” rating and $16.5000 target. The rating was downgraded by Keefe Bruyette & Woods on Monday, October 16 to “Hold”.

Investors sentiment decreased to 2.24 in Q3 2017. Its down 0.22, from 2.46 in 2017Q2. It dived, as 10 investors sold TPRE shares while 27 reduced holdings. 38 funds opened positions while 45 raised stakes. 79.68 million shares or 8.59% more from 73.38 million shares in 2017Q2 were reported. Thrivent Financial For Lutherans invested 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). 1,780 were accumulated by Barclays Pcl. Nationwide Fund, a Pennsylvania-based fund reported 57,985 shares. State Common Retirement Fund invested in 0% or 132,706 shares. Citigroup reported 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Robeco Institutional Asset Bv holds 1.03M shares. Hutchin Hill Capital LP stated it has 14,215 shares or 0.01% of all its holdings. Millennium Ltd Liability Co holds 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE) for 162,472 shares. Geode Cap Mngmt Ltd Company holds 0% or 507,703 shares in its portfolio. New York-based Amer Interest Grp Inc has invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Royal Bancshares Of Canada holds 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE) for 608,766 shares. Numeric Limited Liability Co invested in 0.28% or 2.35M shares. Arbiter Prtn Capital Mngmt Limited Liability Corporation owns 103,350 shares. Sei holds 0% or 101 shares. Voya Invest Mngmt Lc stated it has 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE).

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on February, 22. They expect $0.67 earnings per share, up 248.89% or $1.12 from last year’s $-0.45 per share. TPRE’s profit will be $71.96 million for 5.24 P/E if the $0.67 EPS becomes a reality. After $0.52 actual earnings per share reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts 28.85% EPS growth.

Among 38 analysts covering Schlumberger Limited. (NYSE:SLB), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 139 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Monday, October 19 with “Outperform”. Barclays Capital upgraded Schlumberger Limited (NYSE:SLB) on Wednesday, April 20 to “Overweight” rating. The firm has “Conviction Buy” rating given on Monday, May 23 by Goldman Sachs. The stock has “Buy” rating by Jefferies on Friday, June 30. The firm earned “Hold” rating on Wednesday, August 26 by Standpoint Research. The rating was upgraded by Griffin Securities on Monday, February 12 to “Buy”. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Friday, October 20 by Piper Jaffray. The rating was maintained by UBS with “Buy” on Wednesday, September 30. RBC Capital Markets maintained the shares of SLB in report on Thursday, July 20 with “Buy” rating. The stock has “Hold” rating by Suntrust Robinson on Wednesday, January 18.

Since October 24, 2017, it had 0 buys, and 3 sales for $8.09 million activity. Shares for $5.91 million were sold by AYAT SIMON. SANDVOLD TORE I sold $219,205 worth of stock.

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