Shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) have received a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.00.
A number of research analysts have recently weighed in on BCRH shares. ValuEngine upgraded Blue Capital Reinsurance from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Raymond James Financial reiterated an “underperform” rating on shares of Blue Capital Reinsurance in a report on Friday, October 13th. Zacks Investment Research downgraded Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Deutsche Bank downgraded Blue Capital Reinsurance from a “buy” rating to a “hold” rating and lowered their price target for the company from $21.00 to $18.00 in a report on Monday, October 16th. Finally, TheStreet downgraded Blue Capital Reinsurance from a “c+” rating to a “d+” rating in a report on Thursday, November 30th.
Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE grew its stake in Blue Capital Reinsurance 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 purchasing an additional 5,900 shares in the last quarter. Strs Ohio grew its stake in Blue Capital Reinsurance by 6.1% in the second quarter. Strs Ohio now owns 20,900 shares of the insurance provider’s stock valued at $382,000 after purchasing an additional 1,200 shares in the last quarter. Aberdeen Asset Management PLC UK grew its stake in Blue Capital Reinsurance by 17.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 457,513 shares of the insurance provider’s stock valued at $8,372,000 after purchasing an additional 68,414 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in Blue Capital Reinsurance by 15.4% in the third quarter. Wedge Capital Management L L P NC now owns 58,400 shares of the insurance provider’s stock valued at $961,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Blue Capital Reinsurance in the first quarter valued at about $571,000. Hedge funds and other institutional investors own 48.71% of the company’s stock.
Blue Capital Reinsurance (NYSE:BCRH) last issued its quarterly earnings results on Monday, October 30th. The insurance provider reported ($5.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($5.89) by ($0.04). Blue Capital Reinsurance had a negative net margin of 77.93% and a negative return on equity of 23.35%. The business had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $12.31 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 92.9% compared to the same quarter last year. equities analysts predict that Blue Capital Reinsurance will post -4.4 EPS for the current year.
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Blue Capital Reinsurance 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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