Blue Capital Reinsurance Holdings Ltd. (BCRH) Lowered to “Hold” at Deutsche Bank AG

Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) was downgraded by stock analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued on Monday, October 16th, Marketbeat.com reports. They presently have a $18.00 price target on the insurance provider’s stock, down from their previous price target of $21.00. Deutsche Bank AG’s price target would indicate a potential upside of 36.88% from the stock’s current price.

Several other analysts have also issued reports on the stock. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a research note on Friday, October 13th. Zacks Investment Research lowered shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, ValuEngine raised shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Blue Capital Reinsurance Holdings currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Shares of Blue Capital Reinsurance Holdings (NYSE BCRH) opened at 13.15 on Monday. The stock’s 50 day moving average price is $16.12 and its 200-day moving average price is $18.17. The company has a market cap of $115.21 million, a PE ratio of 7.15 and a beta of 0.07. Blue Capital Reinsurance Holdings has a 12-month low of $13.05 and a 12-month high of $20.83.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last announced its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. Blue Capital Reinsurance Holdings had a net margin of 38.93% and a return on equity of 8.84%. The business had revenue of $10.30 million during the quarter, compared to analyst estimates of $11.09 million. During the same quarter in the previous year, the business posted $0.22 EPS. Blue Capital Reinsurance Holdings’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities research analysts forecast that Blue Capital Reinsurance Holdings will post ($4.44) earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in shares of Blue Capital Reinsurance Holdings by 0.5% in the second 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 increased its position in shares of Blue Capital Reinsurance Holdings by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 19,445 shares of the insurance provider’s stock worth $356,000 after purchasing an additional 194 shares during the last quarter. Royal Bank of Canada increased its position in shares of Blue Capital Reinsurance Holdings by 1.5% in the second quarter. Royal Bank of Canada now owns 14,697 shares of the insurance provider’s stock worth $269,000 after purchasing an additional 217 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Blue Capital Reinsurance Holdings by 3.4% in the second quarter. Teachers Advisors LLC now owns 11,514 shares of the insurance provider’s stock worth $211,000 after purchasing an additional 376 shares during the last quarter. Finally, Clear Harbor Asset Management LLC increased its position in shares of Blue Capital Reinsurance Holdings by 1.8% in the second quarter. Clear Harbor Asset Management LLC now owns 28,489 shares of the insurance provider’s stock worth $528,000 after purchasing an additional 505 shares during the last quarter. 40.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

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