Major Shareholder Makes Noteworthy Move with Oxbridge Re Holdings Stock
Allan Martin, a significant shareholder, sold 4,328 shares of Oxbridge Re Holdings for $10,603. The company is facing financial challenges due to Hurricane Milton but is diversifying into the tokenized reinsurance market through SurancePlus Inc. Oxbridge Re has increased its authorized share capital from 50 million to 500 million shares. Despite a rise in net premiums, analysts maintain a cautious outlook with a Hold rating and a $2.00 price target, reflecting ongoing struggles. The stock has seen a YTD price performance of -40.29% and a current market cap of $17.56M.
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