Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBRGet Free Report) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Stock Performance

NASDAQ:OXBR opened at $1.00 on Wednesday. The firm has a market capitalization of $5.87 million, a price-to-earnings ratio of -0.90 and a beta of 0.87. Oxbridge Re has a 52-week low of $0.96 and a 52-week high of $2.55. The stock has a fifty day moving average of $1.06 and a 200 day moving average of $1.23.

Oxbridge Re (NASDAQ:OXBRGet Free Report) last released its quarterly earnings results on Tuesday, November 14th. The insurance provider reported ($1.24) earnings per share for the quarter. The business had revenue of ($6.38) million during the quarter.

Institutional Investors Weigh In On Oxbridge Re

Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in Oxbridge Re by 66.7% during the third quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 10,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Oxbridge Re by 49.5% in the third quarter. Renaissance Technologies LLC now owns 32,900 shares of the insurance provider’s stock worth $70,000 after buying an additional 10,900 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Oxbridge Re by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 54,753 shares of the insurance provider’s stock worth $299,000 after buying an additional 9,026 shares during the period. Hedge funds and other institutional investors own 21.37% of the company’s stock.

Oxbridge Re Company Profile

(Get Free Report)

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It distributes its products and solutions through reinsurance brokers.

Further Reading

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