Recent insider trends for Third Point Reinsurance Ltd. (NYSE:TPRE) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of TPRE, the data has a lot to say about how the stock might perform going forward.
Institutions own 75.29% of Third Point Reinsurance Ltd. (TPRE)’s shares. The total value of these holdings, in millions, is $1,285. Among active positions in the latest quarter, 89 holders increased their positions by a total of 14.3 million shares, 45 holders decreased the positions by a total of 7.87 million shares, and 15 holders held their positions. This works out to a net increase in ownership of 6.43 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 39 holders initiated new positions by a total of 1.27 million shares and 15 holders exited their positions by a total of 1.29 million shares. This nets out to a decrease of 23578 shares and is another bearish sign for TPRE.
Insider ownership increased by a total of 0 shares, which suggests that TPRE’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 12 buys and 21 sells, and ownership decreased by a net of 1.54 million shares.
Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Third Point Reinsurance Ltd. (NYSE:TPRE)’s short interest is 2.18 million shares, or % of the float. This represents a decrease of -23% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for TPRE. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TPRE is a Weak buy, which implies that TPRE is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Third Point Reinsurance Ltd. (NYSE:TPRE) is undervalued.