Third Point Reinsurance Ltd. (TPRE) Misses Q4 EPS by 10c
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Compass Point Remains Bullish Folloing Third Point Reinsurance's (TPRE) 4Q - PT to $15
February 29, 2016 6:57 AM ESTCompass Point maintained a Buy rating on Third Point Reinsurance (NYSE: TPRE), and cut the price target to $15.00 (from $16.00), following the company's 4Q. TPRE reported operating EPS of $0.37, below the consensus estimate of $0.48.
Analyst Ken Billingsley commented, "Investment losses continue to play a major role in EPS reductions and our reduced price target. We estimate that for every 1% change in our investment... More
