Blue Capital Reinsurance (BCRH) Hits New 1-Year Low at $5.84

Shares of Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) hit a new 52-week low during trading on Thursday . The stock traded as low as $5.84 and last traded at $5.84, with a volume of 10348 shares. The stock had previously closed at $5.99.

BCRH has been the topic of several research analyst reports. Deutsche Bank dropped their target price on shares of Blue Capital Reinsurance from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, October 30th. Zacks Investment Research upgraded shares of Blue Capital Reinsurance from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Finally, ValuEngine upgraded shares of Blue Capital Reinsurance from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 23rd.

The firm has a market capitalization of $51.03 million, a P/E ratio of -1.21 and a beta of 0.25.

Blue Capital Reinsurance (NYSE:BCRH) last announced its earnings results on Monday, October 29th. The insurance provider reported ($0.76) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.77). The company had revenue of $7.10 million for the quarter, compared to analyst estimates of $10.10 million. Blue Capital Reinsurance had a negative return on equity of 3.01% and a negative net margin of 11.25%. On average, research analysts forecast that Blue Capital Reinsurance Holdings Ltd will post -1.3 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Blue Capital Reinsurance by 43.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 178,687 shares of the insurance provider’s stock worth $1,974,000 after acquiring an additional 54,170 shares in the last quarter. Millennium Management LLC bought a new position in shares of Blue Capital Reinsurance during the 2nd quarter worth approximately $1,223,000. LMR Partners LLP bought a new position in shares of Blue Capital Reinsurance in the second quarter valued at $225,000. Renaissance Technologies LLC grew its stake in shares of Blue Capital Reinsurance by 12.5% in the second quarter. Renaissance Technologies LLC now owns 150,100 shares of the insurance provider’s stock valued at $1,659,000 after buying an additional 16,700 shares in the last quarter. Finally, Donald Smith & CO. Inc. grew its stake in shares of Blue Capital Reinsurance by 7.2% in the third quarter. Donald Smith & CO. Inc. now owns 879,285 shares of the insurance provider’s stock valued at $8,969,000 after buying an additional 58,720 shares in the last quarter. 43.42% of the stock is owned by institutional investors.

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About Blue Capital Reinsurance (NYSE:BCRH)

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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