Blue Capital Reinsurance (BCRH) Receives $18.00 Average Price Target from Analysts

Blue Capital Reinsurance (NYSE:BCRH) has been assigned an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.00.

A number of analysts have recently commented on BCRH shares. Zacks Investment Research upgraded Blue Capital Reinsurance from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 3rd. ValuEngine upgraded Blue Capital Reinsurance from a “strong sell” rating to a “sell” rating in a report on Monday, April 2nd.

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Several hedge funds have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Blue Capital Reinsurance during the 4th quarter worth $832,000. Raymond James & Associates acquired a new stake in shares of Blue Capital Reinsurance during the 4th quarter worth $1,311,000. Deutsche Bank AG increased its holdings in shares of Blue Capital Reinsurance by 93.5% during the 4th quarter. Deutsche Bank AG now owns 26,051 shares of the insurance provider’s stock worth $312,000 after buying an additional 12,586 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in Blue Capital Reinsurance by 40.8% in the 4th 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 increased its holdings in Blue Capital Reinsurance by 55.9% in the 4th 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. Institutional investors and hedge funds own 43.39% of the company’s stock.

BCRH traded up $0.25 during trading on Monday, hitting $11.90. The company’s stock had a trading volume of 19,282 shares, compared to its average volume of 27,757. The company has a market capitalization of $102.07, a PE ratio of -2.41 and a beta of -0.03. Blue Capital Reinsurance has a twelve month low of $11.00 and a twelve month high of $20.20.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.08%. Blue Capital Reinsurance’s payout ratio is -24.29%.

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About Blue Capital Reinsurance

Blue Capital Reinsurance Holdings Ltd., through its subsidiaries, provides collateralized reinsurance in the property catastrophe market in the United States and internationally. It also invests in various insurance-linked securities. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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