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Brian Joseph O’Reilly (NASDAQ:ORLY), Head of Innovations at Greenlight Capital Re, Ltd. (NASDAQ:GLRE), a profitable reinsurance company trading at an attractive price-to-book ratio of 0.74, recently sold 8,000 ordinary shares of the company. According to InvestingPro analysis, the company shows good financial health with strong returns over the past five years. The shares were sold at a price of $14 each, totaling $112,000. This transaction, dated March 26, 2025, was conducted to meet tax obligations associated with the vesting of restricted shares. Following this sale, O’Reilly retains ownership of 99,330 shares. Notably, while this individual sale occurred, InvestingPro data reveals management has been actively buying back shares, and the company maintains a modest P/E ratio of 10.84. For comprehensive analysis including additional ProTips and detailed metrics, investors can access the full Pro Research Report available on InvestingPro.
In other recent news, Greenlight Capital Re Ltd reported a net loss of $27.4 million for the fourth quarter of 2024, missing analyst expectations. The company posted an earnings per share (EPS) of -$0.81, significantly below the forecasted $0.59. Revenue for the quarter was $143.76 million. Despite the loss, the company’s fully diluted book value per share increased by 7.2% to $17.95. Greenlight Capital Re also introduced new segment reporting, focusing on Open Market and Innovations segments. The company’s management expressed optimism about growth opportunities in 2025, with expectations for double-digit growth in book value per share. Additionally, Greenlight Capital Re is planning strategic underwriting and capital reallocation in 2026 if market conditions require. The company also faced challenges, including potential losses from the Los Angeles wildfires estimated between $15-30 million.
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