Blue Capital Reinsurance Holdings Ltd (BCRH) Receives $18.00 Average Target Price from Analysts

Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) has received an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.00.

Several equities research analysts have commented on the stock. TheStreet lowered shares of Blue Capital Reinsurance from a “b-” rating to a “c+” rating in a research report on Friday, October 27th. Jefferies Group lowered shares of Blue Capital Reinsurance to a “hold” rating in a research report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Blue Capital Reinsurance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, ValuEngine lowered shares of Blue Capital Reinsurance from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd.

Several institutional investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. boosted its position in shares of Blue Capital Reinsurance by 40.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 633,889 shares of the insurance provider’s stock worth $7,638,000 after buying an additional 183,824 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Blue Capital Reinsurance by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 181,100 shares of the insurance provider’s stock worth $3,315,000 after buying an additional 2,803 shares in the last quarter. Royce & Associates LP boosted its position in shares of Blue Capital Reinsurance by 40.0% in the 3rd quarter. Royce & Associates LP now owns 161,392 shares of the insurance provider’s stock worth $2,655,000 after buying an additional 46,100 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of Blue Capital Reinsurance by 269.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 115,212 shares of the insurance provider’s stock worth $1,388,000 after buying an additional 84,047 shares in the last quarter. Finally, Raymond James & Associates purchased a new stake in shares of Blue Capital Reinsurance in the 4th quarter worth about $1,311,000. Institutional investors and hedge funds own 42.30% of the company’s stock.

Shares of Blue Capital Reinsurance (NYSE BCRH) traded up $0.35 during midday trading on Friday, hitting $11.50. 5,904 shares of the company’s stock traded hands, compared to its average volume of 31,826. The stock has a market cap of $97.69, a price-to-earnings ratio of -2.26 and a beta of -0.02. Blue Capital Reinsurance has a 52 week low of $11.00 and a 52 week high of $20.83.

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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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