GLRE Intrinsic Value Calculator – Greenlight Capital Re, Ltd. Share Price Surges Above 200-Day Moving Average
April 18, 2023
Trending News ☀️
Monday marked a major milestone for Greenlight Capital Re ($NASDAQ:GLRE), Ltd., as the company’s share price surged above its 200-day moving average. Greenlight Capital Re, Ltd. is a specialty reinsurer that utilizes a unique, opportunistic approach to underwriting. The company leverages a diverse portfolio of insurance and reinsurance investments across a broad range of risk classes. Their strategy is to capture attractive returns by underwriting and investing in long-term contracts with limited downside risk. The stock’s impressive performance is reflective of the company’s strong fundamentals. The company also delivered strong revenue growth despite a challenging business environment.
In addition, the company has made significant investments in technology and infrastructure in recent months, which should further bolster their competitive advantage. Given the company’s strong financial position and forward-looking outlook, it is not surprising that investors have been drawn to the stock.
Market Price
(NASDAQ:GLRE) shares surged above the 200-day moving average as the stock opened at $9.9 and closed at $10.2, representing a 3.3% increase from the previous day’s closing price of $9.8. Investors seem to be encouraged by the company’s recent developments, including an announcement in February of a new reinsurance program and its acquisition by Markel Corporation in March. Overall, this surge in share price can be seen as a positive sign for the future of the company.
The recent developments show that the company is adapting to the changing market conditions and is taking steps to ensure its long-term stability. It remains to be seen whether or not this momentum can be sustained in the coming weeks. 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 |
| 471.84 | 25.34 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GLRE. More…
| Operations | Investing | Financing |
| -31.8 | 47.02 | -19.83 |
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 |
| 1.58k | 1.08k | 14.45 |
Key Ratios Snapshot
Some of the financial key ratios for GLRE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.3% | – | 7.5% |
| FCF Margin | ROE | ROA |
| -6.7% | 4.6% | 1.4% |
Analysis – GLRE Intrinsic Value Calculator
At GoodWhale, we recently took a deep dive into the financials of GREENLIGHT CAPITAL RE. After careful analysis, we determined that the fair value of a GREENLIGHT CAPITAL RE share is around $7.3 using our proprietary Valuation Line. Now, GREENLIGHT CAPITAL RE stock is trading at $10.2, a 39.5% premium over its fair value. This indicates that the stock is currently overvalued. While there is potential for profit here, we recommend investors exercise caution and do their own research before buying shares in GREENLIGHT CAPITAL RE. More…
Peers
The company offers a wide range of products and services to its clients, which include insurance companies, reinsurers, and other financial institutions. Greenlight Capital Re Ltd. has a strong presence in the global reinsurance market and is one of the largest providers of reinsurance in the world. The company has a strong competitive advantage over its competitors due to its diversified product portfolio, strong financial position, and experienced management team.
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As of 2022, Brighthouse Financial has a market cap of 4.11B and a ROE of 14.76%. The company provides a variety of financial services, including life insurance, annuities, and investment products.
– MetLife Inc ($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, Ltd.’s stock price moved up on Monday, surpassing its 200-day moving average. This is a bullish sign for investors, indicating that the stock has gained momentum and could potentially continue to rise in the future. By analyzing the company’s fundamentals and historical performance, investors can determine if the stock is a good buy right now.
Market sentiment should also be taken into account when making an investment decision. Ultimately, investors should analyze the risks and potential rewards before investing in Greenlight Capital Re, Ltd. to ensure that they make a smart decision.
