DOWLING & PARTN Has Weak Estimate for GLRE FY2026 Earnings

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Research analysts at DOWLING & PARTN reduced their FY2026 earnings per share (EPS) estimates for Greenlight Capital Re in a report released on Thursday, June 18th. DOWLING & PARTN analyst A. Mottolese now forecasts that the financial services provider will post earnings per share of $1.80 for the year, down from their prior estimate of $2.00. The consensus estimate for Greenlight Capital Re’s current full-year earnings is $2.00 per share.

Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.20). The business had revenue of $189.66 million for the quarter, compared to analysts’ expectations of $160.88 million. Greenlight Capital Re had a return on equity of 11.69% and a net margin of 11.47%.

GLRE has been the topic of several other reports. Zacks Research upgraded shares of Greenlight Capital Re to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings upgraded shares of Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a research report on Tuesday, March 17th. Finally, Wall Street Zen cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Greenlight Capital Re presently has an average rating of “Moderate Buy”.

Greenlight Capital Re Stock Performance

NASDAQ:GLRE opened at $15.97 on Tuesday. The stock has a market cap of $529.66 million, a P/E ratio of 6.74 and a beta of 0.33. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $17.14 and its two-hundred day moving average price is $15.59. Greenlight Capital Re has a twelve month low of $11.56 and a twelve month high of $19.39.

Institutional Trading of Greenlight Capital Re

Several institutional investors have recently added to or reduced their stakes in GLRE. AQR Capital Management LLC lifted its stake in shares of Greenlight Capital Re by 61.1% in the 1st quarter. AQR Capital Management LLC now owns 44,893 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 17,029 shares during the last quarter. Empowered Funds LLC grew its position in Greenlight Capital Re by 8.3% during the 1st quarter. Empowered Funds LLC now owns 117,805 shares of the financial services provider’s stock worth $1,596,000 after acquiring an additional 9,066 shares during the last quarter. Jane Street Group LLC purchased a new position in Greenlight Capital Re in the 1st quarter worth approximately $335,000. First Trust Advisors LP lifted its position in Greenlight Capital Re by 3.2% in the second quarter. First Trust Advisors LP now owns 81,531 shares of the financial services provider’s stock valued at $1,172,000 after purchasing an additional 2,553 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Greenlight Capital Re by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock valued at $9,532,000 after purchasing an additional 2,180 shares during the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel David Sigmon sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $17.33, for a total value of $129,975.00. Following the completion of the sale, the general counsel directly owned 32,678 shares in the company, valued at approximately $566,309.74. The trade was a 18.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Joseph P. Platt, Jr. sold 11,747 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $16.87, for a total transaction of $198,171.89. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,500 shares of company stock valued at $1,097,117 in the last 90 days. 24.67% of the stock is currently owned by corporate insiders.

About Greenlight Capital Re

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.