Wall Street Zen cuts Greenlight Capital Re stock to Sell

Published on 10/05/2026 at 06:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was USD 137.46 million versus USD 165.31 million estimates. For Greenlight Capital Re stock, the loss was USD 0.89 per share.

GLRE, KYG4095J1094, Illustration mit AI erstellt.

Wall Street Zen cut Greenlight Capital Re stock from Hold to Sell in a research report issued on October 3, 2026, according to MarketBeat. The downgrade follows second-quarter 2026 revenue of USD 137.46 million and a loss of USD 0.89 per share, with both figures below the reported consensus benchmarks.

Second-quarter figures missed estimates

According to MarketBeat, Greenlight Capital Re reported a second-quarter 2026 loss of USD 0.89 per share, compared with an expected loss of USD 0.35 per share. The USD 0.54 per-share shortfall gives the rating change a concrete earnings reference.

Revenue reached USD 137.46 million in the second quarter of 2026, versus consensus of USD 165.31 million. The gap was USD 27.85 million, or 16.85 percent of the estimate, while the reported loss margin was 21.00 percent based on the financial statement data.

Reinsurance remains the core business

Greenlight Capital Re operates as a property and casualty reinsurer through Open Market and Innovations segments. Its activities include casualty, property, specialty, financial and health-related reinsurance, according to the company profile published by Stock Analysis.

The company also reported USD 31.42 million in operating cash flow for the second quarter of 2026. Shareholders' equity stood at USD 697.68 million on June 30, 2026, down from USD 741.17 million on March 31, 2026, according to the quarterly financial data.

GLRE stays below its yearly high

On October 2, 2026, GLRE last traded at USD 14.75 on Nasdaq at 4:00 p.m. EDT, versus a prior close of USD 14.69. Its 52-week range was USD 11.57 to USD 19.39, placing the latest price 23.93 percent below the yearly high. Market capitalization was USD 489.2 million as of October 2, 2026.