Market Overview

UPDATE: Morgan Stanley Reiterates on Third Point Reinsurance on Strong February Investment Returns

In a report published Thursday, Morgan Stanley analyst Kai Pan reiterated an Equal-Weight rating on Third Point Reinsurance (NYSE: TPRE), but removed the $18.00 price target.

In the report, Morgan Stanley noted, “February investment return was much stronger than we expected, after a decline of -1.8% in January. TPRE achieved +2.3% YTD returns, outpacing +1.0% for S&P 500. Long/Short Equity strategy contributed to ~80% of February returns while Credit and Macro strategies also contributed.”

Third Point Reinsurance closed on Wednesday at $15.72.

Latest Ratings for TPRE

Jul 2014JP MorganMaintainsNeutral
Jul 2014CitigroupInitiates Coverage onNeutral
Sep 2013Morgan StanleyInitiates Coverage onOverweight

View More Analyst Ratings for TPRE
View the Latest Analyst Ratings

Posted-In: Kai Pan Morgan StanleyAnalyst Color Price Target Analyst Ratings


Related Articles (TPRE)

Around the Web, We're Loving...

Get Benzinga's Newsletters