Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) announced its earnings results on Monday. The insurance provider reported ($5.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($5.89) by ($0.04), Briefing.com reports. The business had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $12.31 million. Blue Capital Reinsurance Holdings had a net margin of 38.93% and a return on equity of 8.84%. The firm’s quarterly revenue was up 92.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share.

Blue Capital Reinsurance Holdings (NYSE:BCRH) opened at 13.00 on Tuesday. The company’s 50-day moving average is $15.92 and its 200 day moving average is $18.04. The company has a market capitalization of $113.89 million, a P/E ratio of 7.07 and a beta of 0.07. Blue Capital Reinsurance Holdings has a one year low of $13.00 and a one year high of $20.83.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 9.23%. Blue Capital Reinsurance Holdings’s payout ratio is 65.57%.

An institutional investor recently raised its position in Blue Capital Reinsurance Holdings stock. State Street Corp grew its stake in Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) by 10.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 108,446 shares of the insurance provider’s stock after acquiring an additional 10,130 shares during the period. State Street Corp owned about 1.24% of Blue Capital Reinsurance Holdings worth $1,985,000 as of its most recent filing with the SEC. 40.51% of the stock is currently owned by institutional investors.

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Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Deutsche Bank AG downgraded shares of Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating and cut their price target for the company from $21.00 to $18.00 in a report on Monday, October 16th. Zacks Investment Research downgraded shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a report on Friday, October 13th. Three 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. The company presently has a consensus rating of “Hold” and an average target price of $18.00.

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.

Earnings History for Blue Capital Reinsurance Holdings (NYSE:BCRH)

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