Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

Separately, ValuEngine upgraded Blue Capital Reinsurance Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Blue Capital Reinsurance Holdings currently has a consensus rating of “Hold”.

Blue Capital Reinsurance Holdings (BCRH) traded up 1.75% on Tuesday, reaching $17.45. The company’s stock had a trading volume of 11,336 shares. The firm’s 50 day moving average price is $17.21 and its 200-day moving average price is $18.47. The company has a market capitalization of $152.88 million, a price-to-earnings ratio of 9.49 and a beta of 0.07. Blue Capital Reinsurance Holdings has a 52 week low of $13.75 and a 52 week high of $20.83.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last announced its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $10.30 million for the quarter, compared to analysts’ expectations of $11.09 million. Blue Capital Reinsurance Holdings had a return on equity of 8.84% and a net margin of 38.93%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. On average, equities analysts predict that Blue Capital Reinsurance Holdings will post $1.80 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of BCRH. US Bancorp DE increased its position in Blue Capital Reinsurance Holdings by 393.3% in the 2nd 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 increased its position in Blue Capital Reinsurance Holdings by 14.2% in the 4th 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 1st quarter valued at approximately $225,000. Royal Bank of Canada increased its position in Blue Capital Reinsurance Holdings by 1.5% in the 2nd 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 increased its position in Blue Capital Reinsurance Holdings by 242.7% in the 1st 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. Hedge funds and other institutional investors own 40.12% of the company’s stock.

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.

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