Oxbridge Re (NASDAQ:OXBR) Releases Quarterly Earnings Results

Posted by Bonnie Powley on Mar 28th, 2024

Oxbridge Re (NASDAQ:OXBR – Get Free Report) announced its earnings results on Tuesday. The insurance provider reported ($0.46) earnings per share for the quarter, Zacks reports. The company had revenue of ($1.91) million for the quarter.

Oxbridge Re Stock Down 2.8 %

NASDAQ OXBR opened at $1.04 on Thursday. The business has a 50 day simple moving average of $1.01 and a 200 day simple moving average of $1.13. Oxbridge Re has a one year low of $0.87 and a one year high of $2.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Oxbridge Re in a research note on Tuesday. They set a “hold” rating for the company.

View Our Latest Analysis on Oxbridge Re

Institutional Investors Weigh In On Oxbridge Re

A number of hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in Oxbridge Re by 66.7% in the third quarter. Ameriprise Financial Inc. now owns 25,000 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 10,000 shares during the period. Renaissance Technologies LLC lifted 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 valued at $70,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 valued at $299,000 after purchasing an additional 9,026 shares in the last quarter. Institutional investors and hedge funds own 5.64% of the company’s stock.

About Oxbridge Re

(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.