Blue Capital Reinsurance (BCRH) Rating Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of Blue Capital Reinsurance (NYSE:BCRH) from a sell rating to a strong sell rating in a research report sent to investors on Friday, February 2nd.

Other equities analysts also recently issued research reports about the stock. TheStreet downgraded shares of Blue Capital Reinsurance from a b- rating to a c+ rating in a report on Friday, October 27th. Jefferies Group downgraded shares of Blue Capital Reinsurance to a hold rating in a report on Wednesday, November 29th. Deutsche Bank downgraded shares of Blue Capital Reinsurance from a buy rating to a hold rating and lowered their target price for the stock from $21.00 to $18.00 in a report on Monday, October 16th. Zacks Investment Research raised shares of Blue Capital Reinsurance from a sell rating to a hold rating in a research note on Wednesday, January 10th. Finally, Raymond James Financial reaffirmed an underperform rating on shares of Blue Capital Reinsurance in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Blue Capital Reinsurance presently has an average rating of Hold and an average target price of $18.00.

Blue Capital Reinsurance (NYSE:BCRH) opened at $11.20 on Friday. Blue Capital Reinsurance has a 1-year low of $11.00 and a 1-year high of $20.83. The company has a market cap of $98.13, a price-to-earnings ratio of -2.27 and a beta of -0.02.

A number of institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan purchased a new stake in Blue Capital Reinsurance during the fourth quarter valued at $832,000. Raymond James & Associates purchased a new stake in Blue Capital Reinsurance during the fourth quarter valued at $1,311,000. Deutsche Bank AG raised its stake in Blue Capital Reinsurance by 93.5% during the fourth quarter. Deutsche Bank AG now owns 26,051 shares of the insurance provider’s stock valued at $312,000 after purchasing an additional 12,586 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in Blue Capital Reinsurance by 40.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 633,889 shares of the insurance provider’s stock valued at $7,638,000 after purchasing an additional 183,824 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Blue Capital Reinsurance by 55.9% during the fourth quarter. Bank of New York Mellon Corp now owns 28,042 shares of the insurance provider’s stock valued at $338,000 after purchasing an additional 10,055 shares in the last quarter. 42.30% of the stock is currently owned by 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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