Blue Capital Reinsurance (NYSE:BCRH) Raised to “Hold” at Zacks Investment Research

Blue Capital Reinsurance (NYSE:BCRH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, December 19th.

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. “

Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Blue Capital Reinsurance from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. TheStreet downgraded shares of Blue Capital Reinsurance from a “b-” rating to a “c+” rating in a research report on Friday, October 27th. Jefferies Group downgraded shares of Blue Capital Reinsurance to a “hold” rating in a research report on Wednesday, November 29th. Deutsche Bank downgraded shares of Blue Capital Reinsurance from a “buy” rating to a “hold” rating and decreased their price target for the stock from $21.00 to $18.00 in a research report on Monday, October 16th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Blue Capital Reinsurance in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Shares of Blue Capital Reinsurance (NYSE:BCRH) traded up $0.10 during midday trading on Tuesday, hitting $12.35. 30,808 shares of the company traded hands, compared to its average volume of 46,401. The stock has a market capitalization of $107.32, a PE ratio of -2.76 and a beta of -0.05. Blue Capital Reinsurance has a one year low of $11.70 and a one year high of $20.83.

Blue Capital Reinsurance (NYSE:BCRH) last announced its quarterly earnings data on Monday, October 30th. The insurance provider reported ($5.93) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $19.10 million during the quarter, compared to analysts’ expectations of $12.31 million. During the same quarter last year, the company posted $0.38 EPS. Blue Capital Reinsurance’s revenue for the quarter was up 92.9% compared to the same quarter last year. equities research analysts anticipate that Blue Capital Reinsurance will post -4.4 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. grew its stake in shares of Blue Capital Reinsurance by 0.5% in the 2nd quarter. Bessemer Group Inc. now owns 18,500 shares of the insurance provider’s stock worth $339,000 after buying an additional 100 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Blue Capital Reinsurance by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,445 shares of the insurance provider’s stock worth $356,000 after buying an additional 194 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Blue Capital Reinsurance by 1.5% in the 2nd quarter. Royal Bank of Canada now owns 14,697 shares of the insurance provider’s stock worth $269,000 after buying an additional 217 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Blue Capital Reinsurance by 3.4% in the 2nd quarter. Teachers Advisors LLC now owns 11,514 shares of the insurance provider’s stock worth $211,000 after buying an additional 376 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of Blue Capital Reinsurance by 6.1% in the 2nd quarter. Strs Ohio now owns 20,900 shares of the insurance provider’s stock worth $382,000 after buying an additional 1,200 shares in the last quarter. 43.53% of the stock is owned by institutional investors.

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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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