Blue Capital Reinsurance (NYSE:BCRH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

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. “

A number of other equities research analysts have also recently commented on BCRH. ValuEngine upgraded Blue Capital Reinsurance from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group cut Blue Capital Reinsurance to a “hold” rating in a research note on Wednesday, November 29th. TheStreet cut Blue Capital Reinsurance from a “c+” rating to a “d+” rating in a research note on Thursday, November 30th. Deutsche Bank cut Blue Capital Reinsurance from a “buy” rating to a “hold” rating and decreased their price target for the company from $21.00 to $18.00 in a research note on Monday, October 16th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Blue Capital Reinsurance in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.00.

Shares of Blue Capital Reinsurance (NYSE BCRH) traded down $0.05 during midday trading on Wednesday, hitting $12.05. The company had a trading volume of 38,100 shares, compared to its average volume of 28,817. The stock has a market cap of $105.57, a PE ratio of -2.70 and a beta of -0.03. Blue Capital Reinsurance has a 1 year low of $11.70 and a 1 year high of $20.83.

Blue Capital Reinsurance (NYSE:BCRH) last issued its quarterly earnings data 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 return on equity of 23.35% and a negative net margin of 77.93%. The company had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $12.31 million. During the same quarter last year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 92.9% compared to the same quarter last year. equities analysts expect that Blue Capital Reinsurance will post -4.4 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Aberdeen Asset Management PLC UK raised 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 buying an additional 68,414 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Blue Capital Reinsurance by 15.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 58,400 shares of the insurance provider’s stock valued at $961,000 after acquiring an additional 7,800 shares during the period. Royce & Associates LP increased its position in Blue Capital Reinsurance by 40.0% in the 3rd quarter. Royce & Associates LP now owns 161,392 shares of the insurance provider’s stock valued at $2,655,000 after acquiring an additional 46,100 shares during the period. Macquarie Group Ltd. acquired a new position in Blue Capital Reinsurance in the 3rd quarter valued at about $276,000. Finally, JPMorgan Chase & Co. increased its position in Blue Capital Reinsurance by 153.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,436 shares of the insurance provider’s stock valued at $503,000 after acquiring an additional 16,621 shares during the period. Institutional investors own 43.53% of the company’s stock.

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About Blue Capital Reinsurance

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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