United Services Automobile Association Purchases 6758 Shares of Third Point Reinsurance Ltd …

Renaissance Technologies LLC boosted its stake in Third Point Reinsurance by 122.9% in the 3rd quarter. Renaissance Technologies LLC now owns …

Third Point Reinsurance logoUnited Services Automobile Association raised its holdings in Third Point Reinsurance Ltd (NYSE:TPRE) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,570 shares of the insurance provider’s stock after acquiring an additional 6,758 shares during the quarter. United Services Automobile Association’s holdings in Third Point Reinsurance were worth $381,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TPRE. Quantbot Technologies LP grew its stake in shares of Third Point Reinsurance by 121.4% during the 3rd quarter. Quantbot Technologies LP now owns 17,435 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 9,559 shares during the period. Dimensional Fund Advisors LP boosted its stake in Third Point Reinsurance by 22.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,139,674 shares of the insurance provider’s stock worth $53,816,000 after purchasing an additional 751,308 shares during the period. Hsbc Holdings PLC bought a new position in Third Point Reinsurance in the 3rd quarter worth approximately $711,000. Renaissance Technologies LLC boosted its stake in Third Point Reinsurance by 122.9% in the 3rd quarter. Renaissance Technologies LLC now owns 422,567 shares of the insurance provider’s stock worth $5,493,000 after purchasing an additional 233,000 shares during the period. Finally, Laurion Capital Management LP bought a new position in Third Point Reinsurance in the 3rd quarter worth approximately $623,000. 63.70% of the stock is currently owned by hedge funds and other institutional investors.

NYSE TPRE opened at $10.90 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.05 billion, a PE ratio of -3.33, a PEG ratio of 0.26 and a beta of 1.02. Third Point Reinsurance Ltd has a one year low of $8.85 and a one year high of $14.40.

Several research firms have weighed in on TPRE. Zacks Investment Research downgraded Third Point Reinsurance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine upgraded Third Point Reinsurance from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Finally, TheStreet downgraded Third Point Reinsurance from a “c” rating to a “d+” rating in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $12.50.

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Third Point Reinsurance Profile

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners’ and commercial, workers’ compensation, personal automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and marine, travel, and extended warranty reinsurance products.

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Institutional Ownership by Quarter for Third Point Reinsurance (NYSE:TPRE)

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On May, 2 Analysts See $7.29 EPS for Alleghany Corporation (Y)

Bridgewater Associates L P holds 766 shs or 0% of its capital. Becker Capital reported 1.78% of its capital in Alleghany Corporation (NYSE:Y).

Alleghany Corporation (NYSE:Y) Corporate Logo
During Q4 2018 the big money sentiment increased to 0.89. That’s change of 0.07, from 2018Q3’s 0.82. 23 investors sold all, 108 reduced holdings as Alleghany Corporation ratio improved. 73 increased holdings while 43 funds bought holdings. Funds hold 15.41 million shares thus 29.77% more from 2018Q3’s 11.87 million shares.

Renaissance Technologies Limited Liability Company invested in 0.01% or 12,888 shs. Eaton Vance reported 0.05% in Alleghany Corporation (NYSE:Y). Bridgewater Associates L P holds 766 shs or 0% of its capital. Becker Capital reported 1.78% of its capital in Alleghany Corporation (NYSE:Y). Wells Fargo Mn invested 0.01% in Alleghany Corporation (NYSE:Y). Amg Trust Savings Bank holds 1,529 shs or 0.07% of its capital. Private Advisor Gp Ltd Company has invested 0.03% in Alleghany Corporation (NYSE:Y). Caisse De Depot Et Placement Du Quebec invested 0% of its capital in Alleghany Corporation (NYSE:Y). Gsa Capital Ptnrs Ltd Liability Partnership holds 0.06% or 841 shs in its capital. Martingale Asset Limited Partnership reported 5,454 shs. Lincoln Natl holds 0.01% of its capital in Alleghany Corporation (NYSE:Y) for 428 shs. Parametric Associates Limited Liability Company stated it has 0.02% of its capital in Alleghany Corporation (NYSE:Y). Shelton Capital Mngmt reported 1,137 shs. Horizon Kinetics Ltd Liability Com accumulated 6,600 shs or 0.13% of the stock. Franklin Resource Inc stated it has 637,545 shs.

Alleghany Corporation (NYSE:Y) is expected to publish earnings on May, 2., as reported by RTT. Analysts predict 35.14 % diference or $7.29 from the $11.24 EPS from 2018. The profit will be $105.41 million for Y if $7.29 earnings per share becomes true. After $-4.35 EPS report previous quarter, Wall Street now predicts -267.59 % EPS growth of Alleghany Corporation. The stock increased 1.75% or $10.99 during the last trading session, reaching $639.79.Alleghany Corporation is uptrending after having risen 8.26% since April 17, 2018. Y has 88,703 volume or 21.58% up from normal. Y outperformed by 3.89% the S&P 500.

Alleghany Corporation, together with its subsidiaries, provides property and casualty reinsurance and insurance products in the United States and internationally.The firm is valued at $9.25 billion. The firm operates through two divisions, Reinsurance and Insurance.244.19 is the P/E ratio. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners’ multiple peril; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit.

For more Alleghany Corporation (NYSE:Y) news released recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Globenewswire.com or Seekingalpha.com. The titles are as follows: “US Bancorp Q1 2019 Earnings Preview – US Bancorp (NYSE:USB) – Seeking Alpha” released on April 16, 2019, “Textron Q1 2019 Earnings Preview – Seeking Alpha” on April 16, 2019, “Goldman Sachs Q1 2019 Earnings Preview – Seeking Alpha” with a publish date: April 14, 2019, “Verizon announces tender offers for 15 series of notes – GlobeNewswire” and the last “Morgan Stanley Q1 2019 Earnings Preview – Seeking Alpha” with publication date: April 16, 2019.

Alleghany Corporation (NYSE:Y) Institutional Investors Chart

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First Trust Advisors LP Reduces Position in Third Point Reinsurance Ltd (NYSE:TPRE)

Man Group plc lifted its holdings in Third Point Reinsurance by 5.5% in the 3rd quarter. Man Group plc now owns 2,465,042 shares of the insurance …

Third Point Reinsurance logoFirst Trust Advisors LP lessened its holdings in shares of Third Point Reinsurance Ltd (NYSE:TPRE) by 47.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,110 shares of the insurance provider’s stock after selling 112,712 shares during the quarter. First Trust Advisors LP owned 0.13% of Third Point Reinsurance worth $1,196,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TPRE. Dimensional Fund Advisors LP raised its stake in shares of Third Point Reinsurance by 22.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,139,674 shares of the insurance provider’s stock worth $53,816,000 after buying an additional 751,308 shares in the last quarter. Capital International Investors bought a new stake in Third Point Reinsurance in the third quarter worth about $53,105,000. Man Group plc lifted its holdings in Third Point Reinsurance by 5.5% in the 3rd quarter. Man Group plc now owns 2,465,042 shares of the insurance provider’s stock valued at $32,046,000 after acquiring an additional 128,671 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Third Point Reinsurance in the 3rd quarter valued at about $13,285,000. Finally, Teachers Advisors LLC boosted its position in shares of Third Point Reinsurance by 0.7% during the 3rd quarter. Teachers Advisors LLC now owns 652,347 shares of the insurance provider’s stock valued at $8,481,000 after purchasing an additional 4,512 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

TPRE stock opened at $10.52 on Tuesday. Third Point Reinsurance Ltd has a one year low of $8.85 and a one year high of $14.40. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.09. The stock has a market cap of $994.79 million, a price-to-earnings ratio of -3.22, a PEG ratio of 0.31 and a beta of 1.02.

TPRE has been the topic of a number of research reports. ValuEngine upgraded shares of Third Point Reinsurance from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research raised Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, March 27th. Finally, TheStreet lowered Third Point Reinsurance from a “c” rating to a “d+” rating in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $12.50.

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Third Point Reinsurance Company Profile

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners’ and commercial, workers’ compensation, personal automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and marine, travel, and extended warranty reinsurance products.

See Also: What is a Lock-Up Period?

Institutional Ownership by Quarter for Third Point Reinsurance (NYSE:TPRE)

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More insurers and reinsurers join blockchain insurance startup B3i’s latest funding round

B3i, a blockchain startup focused on the insurance industry, has announced the expansion of the group of investors in its ongoing funding round.

B3i, a blockchain startup focused on the insurance industry, has announced the expansion of the group of investors in its ongoing funding round.

Initially launched as a consortium in 2016 by Aegon, Allianz, Munich Re, Swiss Re, and Zurich, B3i aims to help insurers and reinsurers to get a better insight into the applicability of the blockchain technology in the insurance market. It was incorporated in March 2018 and had raised 6.3 million Swiss francs (about $6.35 million) around that time.

Last month, the startup raised around $16 million in its latest funding round. In a press release dated April 05, B3i said that it now has 16 shareholders, which includes “some of the world’s largest insurers and reinsurers from across Europe, the Americas, and Asia.” In addition to investments from existing shareholders, three new insurers and reinsurers have joined the current funding round.

Antony Elliott, Group Head of Business Transformation at Zurich Insurance Company Ltd and newly elected chairman of B3i, said:

“B3i’s community of shareholders and other network participants exceeds 40 companies who represent over half the world’s reinsurance premium and major primary insurers. B3i will continue to expand its shareholder and user base over the next several months as the initial products are rolled out.”

B3i explained that its product is focused on “multi-company syndicated risk placement, accounting and claims.” It will significantly improve efficiency and security, employing the latest technologies including R3 Corda’s distributed ledger technology (DLT).

The company said that the product’s first phase is currently being evaluated by several insurers, reinsurers and brokers. It is also extending the invitations for the second wave of participants.

The production platform is slated to launch in the fourth quarter of 2019, providing ramp up and familiarity testing prior to adoption in actual business renewals at year-end.

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B3i Blockchain Insurance Program Registers Investors’ Growth, Now Over 40 Companies Involved

B3i is a blockchain initiative that focuses on risk placement, accounting and also claims. The firm has already been working on a specific product that …
B3i Blockchain Insurance Program Registers Investors’ Growth, Now Over 40 Companies InvolvedB3i Blockchain Insurance Program Registers Investors’ Growth, Now Over 40 Companies Involved

The Swiss-based B3i platform has expanded the group of investors it has in its ongoing funding round. The insurance company released the information in a recently published press release. Now, the firm has three new insurers and reinsurers hat will be participating in the funding round.

B3i’s Network of Investors Expands

The announcement released by the company shows that the first phase of the product is scheduled to be launched during the last quarter of the current year. At the same time, the firm has decided to form a new Board of Directors that includes nine senior executives of the investor companies.

Antony Elliott, the Group Head of Business Transformation at Zurich Insurance Company, explained about it:

“B3i’s community of shareholders and other network participants exceeds 40 companies who represent over half of the world’s reinsurance premium and major primary insurers. B3i will continue to expand its shareholder and user base over the next several months as the initial products are rolled out.”

B3i is a blockchain initiative that focuses on risk placement, accounting and also claims. The firm has already been working on a specific product that is based on the R3 Corda network. The main intention behind it is to increase the efficiency and security of the whole insurance industry.

B3i was also able to raise around $16 million in February. This shows that there are interested investors in placing their funds in this company. The trade finance platform Marco Polo has also completed the first real transaction between Germany and China.

There are new initiatives in the market in order to provide better services for firms that make transactions across borders.

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