GLRE Intrinsic Stock Value – Q3 2023 Update: Tracking David Einhorn’s Greenlight Capital RE Portfolio
December 9, 2023
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David Einhorn is a well-known investor and hedge fund manager, and his firm, Greenlight ($NASDAQ:GLRE) Capital RE, has been making headlines for its performance during the third quarter of 2023. Tracking the portfolio of Greenlight Capital RE gives us a better understanding of the strategies Einhorn is using to generate profits for investors. The company’s primary investment strategy is to invest in the debt and equity of public and private companies, as well as in real estate and other ventures. The company also engages in various other activities, such as providing capital to hedge funds, private equity firms, and venture capital funds.
In addition, Greenlight Capital RE provides financial advisory services to clients in the energy, technology, and other related industries. With a well-diversified portfolio of investments, Greenlight Capital RE has consistently achieved strong returns for investors over the past few years. As such, investors should keep an eye on Greenlight Capital RE and its portfolio as they look to benefit from Einhorn’s investing strategies.
Share Price
On Friday, the stock opened at $11.1 and closed at $11.1, indicating a 0.5% increase in the stock’s closing price from the previous day. This is a promising sign for the portfolio, as investors have continued to show confidence in the company and its investments. Greenlight Capital RE has experienced steady growth throughout the year, and its portfolio is expected to continue to yield positive returns in the future. Investors should take note of this as Greenlight Capital RE continues to be a promising investment opportunity for long-term growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GLRE. More…
| Total Revenues | Net Income | Net Margin |
| 598.95 | 103.97 | 17.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GLRE. More…
| Operations | Investing | Financing |
| -19 | 20.23 | -18.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GLRE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.74k | 1.16k | 16.3 |
Key Ratios Snapshot
Some of the financial key ratios for GLRE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | – | 18.2% |
| FCF Margin | ROE | ROA |
| -3.2% | 12.0% | 3.9% |
Analysis – GLRE Intrinsic Stock Value
At GoodWhale, we have conducted a thorough analysis of the fundamentals of GREENLIGHT CAPITAL RE. Our proprietary Valuation Line has determined that the fair value of their shares is around $9.5. Currently, the stock is trading at $11.1, which is a fair price that appears to be overvalued by 17.2%. This suggests that there may be some downside risk to the current trading price of the stock. Nevertheless, investors should remain mindful of the potential upside as well, and weigh their options carefully before making any decisions. More…
Peers
The company offers a wide range of products and services to its clients, which include insurance companies, reinsurers, and other financial institutions. Greenlight Capital Re Ltd. has a strong presence in the global reinsurance market and is one of the largest providers of reinsurance in the world. The company has a strong competitive advantage over its competitors due to its diversified product portfolio, strong financial position, and experienced management team.
– Brighthouse Financial Inc ($NASDAQ:BHF)
As of 2022, Brighthouse Financial has a market cap of 4.11B and a ROE of 14.76%. The company provides a variety of financial services, including life insurance, annuities, and investment products.
– MetLife Inc ($NYSE:MET)
MetLife, Inc. is an American multinational life insurance corporation, which offers life insurance, annuities, long-term care insurance, disability income insurance, and other financial services products. As of 2020, it was the largest life insurer in the United States based on assets and 13th largest in the world based on revenue.
The company has a market cap of 58.34B as of 2022 and a Return on Equity of 7.96%. MetLife is one of the largest life insurers in the United States and offers a variety of financial services products, including life insurance, annuities, long-term care insurance, and disability income insurance. The company has a strong financial position and is well-positioned to continue growing its business and delivering value to shareholders.
– Oxbridge Re Holdings Ltd ($NASDAQ:OXBR)
Oxbridge Re Holdings Ltd is a holding company that reinsures mortgage insurance policies. The company has a market cap of 11.91M as of 2022 and a ROE of 30.09%. The company was founded in 2012 and is headquartered in Hamilton, Bermuda.
Summary
Greenlight Capital Re (GCRE) is a leading investment firm run by David Einhorn, an experienced investor. The firm focuses on long-term value investments in the insurance industry. The portfolio has seen investments in many diverse sectors, ranging from healthcare and technology to energy and consumer staples.
In addition, the portfolio has been diversified across industries and geographies, with investments in North America, Europe, Asia, and Australia. GCRE has an experienced team that actively analyzes opportunities to identify attractively priced assets that can generate long-term value for investors.
