Third Point Reinsurance Ltd (TPRE) Reaches $16.23 After 7.00% Up Move; Citizens (CIA)’s Sentiment Is 1.61

November 15, 2017 - By Winifred Garcia

Citizens, Inc. is an insurance holding company. The company has market cap of $379.12 million. The Firm operates in three business divisions: Life Insurance, Home Service and Other Non-Insurance Enterprises. It has a 61.83 P/E ratio. The Life Insurance segment issues ordinary whole life insurance in the United States and in the United States Dollar-denominated amounts to foreign residents.

The stock of Third Point Reinsurance Ltd (NYSE:TPRE) is a huge mover today! About 202,384 shares traded. Third Point Reinsurance Ltd (NYSE:TPRE) has risen 10.16% since November 15, 2016 and is uptrending. It has underperformed by 6.54% the S&P500.The move comes after 7 months positive chart setup for the $1.74B company. It was reported on Nov, 15 by Barchart.com. We have $17.37 PT which if reached, will make NYSE:TPRE worth $121.80M more.

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 12 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, September 8. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, August 3. The stock of Third Point Reinsurance Ltd (NYSE:TPRE) earned “Hold” rating by Keefe Bruyette & Woods on Monday, October 16. The firm earned “Buy” rating on Wednesday, September 2 by Compass Point. The stock of Third Point Reinsurance Ltd (NYSE:TPRE) has “Outperform” rating given on Monday, May 8 by Keefe Bruyette & Woods. As per Friday, November 10, the company rating was maintained by Morgan Stanley. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, October 10. The firm earned “Market Perform” rating on Thursday, October 1 by Wood.

Since May 25, 2017, it had 0 buys, and 3 insider sales for $381,750 activity. Coleman Christopher S. had sold 5,000 shares worth $65,000 on Wednesday, May 31. Malloy Daniel V. sold 20,000 shares worth $253,000.

Third Point Reinsurance Ltd. is a holding company. The company has market cap of $1.74 billion. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. It has a 9.12 P/E ratio. The Company’s divisions include Property and Casualty Reinsurance, and Corporate.

Investors sentiment increased to 2.46 in 2017 Q2. Its up 1.28, from 1.18 in 2017Q1. It increased, as 9 investors sold Third Point Reinsurance Ltd shares while 19 reduced holdings. 26 funds opened positions while 43 raised stakes. 73.38 million shares or 2.00% more from 71.94 million shares in 2017Q1 were reported. The New York-based First Manhattan has invested 0% in Third Point Reinsurance Ltd (NYSE:TPRE). Credit Suisse Ag reported 33,565 shares. First Tru Advsrs Limited Partnership holds 0% or 34,055 shares. Product Ltd Liability Co holds 222,690 shares. Swiss Retail Bank holds 97,000 shares. Schwab Charles Inv Inc owns 291,608 shares. Citadel Advsr Ltd Co accumulated 275,644 shares. Aviance Capital Prns Ltd Liability Corporation holds 0.51% of its portfolio in Third Point Reinsurance Ltd (NYSE:TPRE) for 114,409 shares. Principal Financial reported 0% stake. State Common Retirement Fund owns 132,706 shares for 0% of their portfolio. Nationwide Fund accumulated 58,898 shares. California State Teachers Retirement owns 0% invested in Third Point Reinsurance Ltd (NYSE:TPRE) for 136,079 shares. Bogle Inv Mgmt Ltd Partnership De holds 81,522 shares or 0.08% of its portfolio. Wells Fargo And Mn has 0% invested in Third Point Reinsurance Ltd (NYSE:TPRE) for 81,815 shares. 75,622 are owned by Millennium Mgmt Ltd Llc.

Analysts await Third Point Reinsurance Ltd (NYSE:TPRE) to report earnings on February, 22. They expect $0.47 EPS, up 204.44% or $0.92 from last year’s $-0.45 per share. TPRE’s profit will be $50.39 million for 8.63 P/E if the $0.47 EPS becomes a reality. After $0.52 actual EPS reported by Third Point Reinsurance Ltd for the previous quarter, Wall Street now forecasts -9.62% negative EPS growth.

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