Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other analysts have also recently issued reports about the stock. Deutsche Bank AG cut shares of Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating and lowered their target price for the stock from $21.00 to $18.00 in a research note on Monday. Zacks Investment Research raised shares of Blue Capital Reinsurance Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a research note on Friday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Blue Capital Reinsurance Holdings (BCRH) traded down 3.43% on Tuesday, reaching $15.50. The company had a trading volume of 83,917 shares. The stock has a 50 day moving average price of $16.92 and a 200 day moving average price of $18.43. Blue Capital Reinsurance Holdings has a 52-week low of $13.75 and a 52-week high of $20.83. The stock has a market capitalization of $135.80 million, a PE ratio of 8.43 and a beta of 0.07.

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 Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $11.09 million. Blue Capital Reinsurance Holdings had a net margin of 38.93% and a return on equity of 8.84%. Blue Capital Reinsurance Holdings’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. Analysts expect that Blue Capital Reinsurance Holdings will post ($1.03) EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in shares of Blue Capital Reinsurance Holdings by 0.5% during the 2nd quarter. Bessemer Group Inc. now owns 18,500 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Blue Capital Reinsurance Holdings by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 19,445 shares of the insurance provider’s stock valued at $356,000 after acquiring an additional 194 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Blue Capital Reinsurance Holdings by 1.5% during 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 in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Blue Capital Reinsurance Holdings by 3.4% during the 2nd quarter. Teachers Advisors LLC now owns 11,514 shares of the insurance provider’s stock valued at $211,000 after acquiring an additional 376 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its holdings in shares of Blue Capital Reinsurance Holdings by 1.8% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 28,489 shares of the insurance provider’s stock valued at $528,000 after acquiring an additional 505 shares in the last quarter. 40.12% of the stock is owned by institutional investors.

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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