Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research raised Blue Capital Reinsurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.00.

Blue Capital Reinsurance Holdings (NYSE BCRH) traded down 6.64% during trading on Thursday, hitting $14.05. The stock had a trading volume of 213,739 shares. Blue Capital Reinsurance Holdings has a one year low of $13.75 and a one year high of $20.83. The stock has a 50 day moving average of $18.90 and a 200 day moving average of $18.90. The firm has a market capitalization of $123.09 million, a P/E ratio of 7.64 and a beta of 0.11.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last released its earnings results on Monday, July 31st. The insurance provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Blue Capital Reinsurance Holdings had a return on equity of 8.84% and a net margin of 38.93%. The business had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $11.09 million. During the same quarter last year, the firm posted $0.22 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. Equities research analysts expect that Blue Capital Reinsurance Holdings will post $1.76 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the business. US Bancorp DE grew its stake in Blue Capital Reinsurance Holdings by 393.3% in the second quarter. US Bancorp DE now owns 7,400 shares of the insurance provider’s stock valued at $135,000 after acquiring an additional 5,900 shares during the period. Teachers Advisors LLC grew 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 valued at $205,000 after acquiring an additional 1,386 shares during the period. Oxford Asset Management acquired a new stake in Blue Capital Reinsurance Holdings in the first quarter valued at approximately $225,000. Royal Bank of Canada grew its stake in Blue Capital Reinsurance Holdings by 1.5% in the second quarter. Royal Bank of Canada now owns 14,697 shares of the insurance provider’s stock valued at $269,000 after acquiring an additional 217 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Blue Capital Reinsurance Holdings by 242.7% in the first quarter. Wells Fargo & Company MN now owns 15,110 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 10,701 shares during the period. 40.12% of the stock is owned by hedge funds and other institutional investors.

About Blue Capital Reinsurance Holdings

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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