Reviewing Greenlight Capital Re (GLRE) & Its Rivals

Greenlight Capital Re (NASDAQ: GLRE) is one of 73 public companies in the “Fire, marine, & casualty insurance” industry, but how does it compare to its peers? We will compare Greenlight Capital Re to related companies based on the strength of its dividends, risk, profitability, institutional ownership, valuation, earnings and analyst recommendations.

Insider and Institutional Ownership

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49.5% of Greenlight Capital Re shares are owned by institutional investors. Comparatively, 60.9% of shares of all “Fire, marine, & casualty insurance” companies are owned by institutional investors. 21.4% of Greenlight Capital Re shares are owned by company insiders. Comparatively, 13.5% of shares of all “Fire, marine, & casualty insurance” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Greenlight Capital Re and its peers, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Greenlight Capital Re 0 0 1 0 3.00
Greenlight Capital Re Competitors 472 1897 1833 83 2.36

Greenlight Capital Re currently has a consensus target price of $25.00, suggesting a potential upside of 57.53%. As a group, “Fire, marine, & casualty insurance” companies have a potential upside of 5.52%. Given Greenlight Capital Re’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Greenlight Capital Re is more favorable than its peers.

Profitability

This table compares Greenlight Capital Re and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Greenlight Capital Re -6.96% -5.14% -1.43%
Greenlight Capital Re Competitors 2.83% 0.53% -0.17%

Earnings and Valuation

This table compares Greenlight Capital Re and its peers top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Greenlight Capital Re $645.67 million -$44.95 million -13.12
Greenlight Capital Re Competitors $12.77 billion $1.43 billion 21.16

Greenlight Capital Re’s peers have higher revenue and earnings than Greenlight Capital Re. Greenlight Capital Re is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Volatility and Risk

Greenlight Capital Re has a beta of 0.88, indicating that its stock price is 12% less volatile than the S&P 500. Comparatively, Greenlight Capital Re’s peers have a beta of 0.78, indicating that their average stock price is 22% less volatile than the S&P 500.

Summary

Greenlight Capital Re peers beat Greenlight Capital Re on 7 of the 12 factors compared.

About Greenlight Capital Re

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events. It conducts its reinsurance operations through two licensed and regulated reinsurance entities: Greenlight Reinsurance, Ltd. (Greenlight Re), based in the Cayman Islands, and Greenlight Reinsurance Ireland, Ltd. (GRIL), based in Ireland. Greenlight Re is engaged in writing property and casualty reinsurance business, as well as long term business, such as life insurance, long term disability and long term care, among others. GRIL is a non-life reinsurance undertaking. Verdant Holding Company, Ltd. makes strategic investments in a select group of property and casualty insurers, and general agents.

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