Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Blue Capital Holdings Ltd. is a reinsurance holding company. It offers collateralized reinsurance in the property catastrophe market. Blue Capital Holdings Ltd. is based in Bermuda. “

Shares of Blue Capital Reinsurance Holdings (NYSE BCRH) traded up 0.82% during mid-day trading on Tuesday, reaching $18.45. The company’s stock had a trading volume of 3,358 shares. Blue Capital Reinsurance Holdings has a 1-year low of $17.22 and a 1-year high of $20.83. The company’s 50 day moving average price is $18.62 and its 200-day moving average price is $18.89. The company has a market capitalization of $161.55 million, a price-to-earnings ratio of 12.05 and a beta of 0.09.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last released its quarterly earnings results on Monday, May 1st. The insurance provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $9.90 million during the quarter, compared to analyst estimates of $9.92 million. Blue Capital Reinsurance Holdings had a return on equity of 7.44% and a net margin of 31.83%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Analysts predict that Blue Capital Reinsurance Holdings will post $1.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Wednesday, June 28th. Blue Capital Reinsurance Holdings’s dividend payout ratio is currently 78.43%.

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Several large investors have recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC boosted its stake in Blue Capital Reinsurance Holdings by 4.5% in the first quarter. Clear Harbor Asset Management LLC now owns 27,984 shares of the insurance provider’s stock worth $540,000 after buying an additional 1,207 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Blue Capital Reinsurance Holdings by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 19,251 shares of the insurance provider’s stock worth $371,000 after buying an additional 1,281 shares in the last quarter. Teachers Advisors LLC boosted its stake in Blue Capital Reinsurance Holdings by 14.2% in the fourth quarter. Teachers Advisors LLC now owns 11,138 shares of the insurance provider’s stock worth $205,000 after buying an additional 1,386 shares in the last quarter. Morgan Stanley boosted its stake in Blue Capital Reinsurance Holdings by 5.4% in the first quarter. Morgan Stanley now owns 59,205 shares of the insurance provider’s stock worth $1,143,000 after buying an additional 3,011 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Blue Capital Reinsurance Holdings by 26.6% in the first quarter. TIAA CREF Investment Management LLC now owns 19,658 shares of the insurance provider’s stock worth $379,000 after buying an additional 4,130 shares in the last quarter. Institutional investors and hedge funds own 40.60% of the company’s stock.

Blue Capital Reinsurance Holdings Company Profile

Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through its subsidiaries, including Blue Capital Re Ltd. (Blue Capital Re), which provides collateralized reinsurance, and Blue Capital Re ILS Ltd.

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