Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Raymond James Financial, Inc. in a note issued to investors on Friday.

Other research analysts have also issued reports about the company. ValuEngine raised Blue Capital Reinsurance Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Blue Capital Reinsurance Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Blue Capital Reinsurance Holdings currently has an average rating of “Hold”.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last posted its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $10.30 million during the quarter, compared to analyst estimates of $11.09 million. During the same period last year, the company posted $0.22 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis.

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A number of institutional investors have recently modified their holdings of BCRH. 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 buying an additional 1,386 shares in the last quarter. 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 buying an additional 10,701 shares in the last quarter. Bank of New York Mellon Corp increased its position in Blue Capital Reinsurance Holdings by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 19,251 shares of the insurance provider’s stock valued at $371,000 after buying an additional 1,281 shares in the last quarter. Oxford Asset Management bought a new stake in Blue Capital Reinsurance Holdings in the 1st quarter valued at about $225,000. Finally, TIAA CREF Investment Management LLC increased its position in Blue Capital Reinsurance Holdings by 26.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 19,658 shares of the insurance provider’s stock valued at $379,000 after buying an additional 4,130 shares in the last quarter. 40.12% of the stock is owned by institutional investors and hedge funds.

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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