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.
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