Blue Capital Reinsurance (NYSE:BCRH) Upgraded to Hold at Zacks Investment Research

Blue Capital Reinsurance (NYSE:BCRH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, January 10th.

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. “

BCRH has been the topic of a number of other reports. 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 “b-” rating to a “c+” rating in a research note on Friday, October 27th. ValuEngine cut Blue Capital Reinsurance from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Deutsche Bank cut Blue Capital Reinsurance from a “buy” rating to a “hold” rating and reduced their price objective 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 analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.00.

Shares of Blue Capital Reinsurance (NYSE:BCRH) traded up $0.10 during trading on Wednesday, reaching $12.80. The company had a trading volume of 17,560 shares, compared to its average volume of 38,286. The stock has a market capitalization of $112.14, a price-to-earnings ratio of -2.86 and a beta of -0.05. Blue Capital Reinsurance has a 52 week low of $11.70 and a 52 week 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 the consensus estimate of ($5.89) by ($0.04). The business had revenue of $19.10 million during the quarter, compared to analysts’ expectations of $12.31 million. Blue Capital Reinsurance had a negative return on equity of 23.35% and a negative net margin of 77.93%. The company’s revenue was up 92.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. equities research analysts expect that Blue Capital Reinsurance will post -4.4 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Blue Capital Reinsurance by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 19,445 shares of the insurance provider’s stock valued at $356,000 after buying an additional 194 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Blue Capital Reinsurance by 1.5% during 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 grew its holdings in shares of Blue Capital Reinsurance by 3.4% during 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. Vanguard Group Inc. grew its holdings in shares of Blue Capital Reinsurance by 1.6% during the second quarter. Vanguard Group Inc. now owns 181,100 shares of the insurance provider’s stock worth $3,315,000 after purchasing an additional 2,803 shares during the last quarter. Finally, Ativo Capital Management LLC grew its holdings in shares of Blue Capital Reinsurance by 6.7% during the second quarter. Ativo Capital Management LLC now owns 48,017 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 3,000 shares during the last quarter. 43.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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