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 “sell” rating to a “hold” rating in a report released 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 subject of several other research reports. Jefferies Group cut Blue Capital Reinsurance to a “hold” rating in a report 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 lowered their target price for the company from $21.00 to $18.00 in a research note on Monday, October 16th. Finally, Raymond James Financial restated an “underperform” rating on shares of Blue Capital Reinsurance in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Blue Capital Reinsurance has an average rating of “Hold” and an average target price of $18.00.

Shares of Blue Capital Reinsurance (NYSE BCRH) opened at $11.60 on Wednesday. Blue Capital Reinsurance has a fifty-two week low of $11.50 and a fifty-two week high of $20.83.

Large investors have recently made changes to their positions in the business. Teachers Advisors LLC raised its stake in Blue Capital Reinsurance by 3.4% during the second quarter. Teachers Advisors LLC now owns 11,514 shares of the insurance provider’s stock valued at $211,000 after buying an additional 376 shares during the last quarter. Royal Bank of Canada raised its stake in 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 valued at $269,000 after buying an additional 217 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Blue Capital Reinsurance during the third quarter valued at $276,000. Bank of New York Mellon Corp raised its stake in Blue Capital Reinsurance by 1.0% during 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. Finally, Wells Fargo & Company MN raised its stake in Blue Capital Reinsurance by 52.4% during the second quarter. Wells Fargo & Company MN now owns 23,023 shares of the insurance provider’s stock valued at $420,000 after buying an additional 7,913 shares during the last quarter. Institutional investors and hedge funds own 44.02% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/06/blue-capital-reinsurance-bcrh-upgraded-by-zacks-investment-research-to-hold.html.

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.

Get a free copy of the Zacks research report on Blue Capital Reinsurance (BCRH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Blue Capital Reinsurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Capital Reinsurance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply