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up 8.74 %

GREENLIGHT CAP. RE. (GLRE) rated Buy with price target $34 by UBS

Posted on: Wednesday,  Sep 2, 2015  12:25 PM ET by UBS

UBS rated Buy GREENLIGHT CAP. RE. (NASDAQ: GLRE) on 09/02/2015. Previously UBS rated Buy GREENLIGHT CAP. RE. (NASDAQ: GLRE) on 11/21/2012.,
when the stock price was $22.98. Since then, GREENLIGHT CAP. RE. has gained 8.75% as of 01/27/2016's recent price of $24.99.
If you would have followed the previous UBS's recommendation on GLRE, you would have gained 8.74% of your investment in 1162 days.

Greenlight Capital Re, Ltd. (Greenlight CapitalRe), is a holding company. The Company, through its operating subsidiary, Greenlight Reinsurance, Ltd. (Greenlight Re), is a Cayman Islands-based specialty property and casualty reinsurer. As of December 31, 2008, 82.9% of the Company?s investments in securities were invested in publicly-traded equity securities primarily in North America and Western Europe. The Company offers excess of loss and quota share products in the property and casualty market. The Company's investment portfolio is managed by DME Advisors, LP. Within the property and casualty reinsurance segment, underwriting operations are analyzed using two categories: frequency business, and severity business. Frequency business is characterized by contracts containing a large number of smaller losses emanating from multiple events. Severity business is typically characterized by contracts with the potential for losses emanating from one event or multiple events.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/2/2015 12:25 PM Buy
24.95 34.00
as of 8/27/2015
1 Week down  -5.80 %
1 Month down  -18.62 %
3 Months down  -16.14 %
1 YTD down  -25.86 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/22/2013 11:25 AM Buy
30.27 34.00
11/21/2012 11:25 AM Buy
22.98 27.00
8/8/2008 11:25 AM Hold
21.44 23.00
8/20/2007 9:25 AM Hold
20.95 22.00
7/5/2007 9:25 AM Hold
22.23 26.00

(*) Stock Price at the time of the recommendation.
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