Blue Capital Reinsurance Holdings Ltd. (BCRH) Downgraded to “C+” at TheStreet

TheStreet lowered shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) from a b- rating to a c+ rating in a research note issued to investors on Friday.

A number of other brokerages also recently weighed in on BCRH. ValuEngine raised shares of Blue Capital Reinsurance Holdings from a hold rating to a buy rating in a report on Monday, October 2nd. Raymond James Financial, Inc. reissued an underperform rating on shares of Blue Capital Reinsurance Holdings in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Blue Capital Reinsurance Holdings from a hold rating to a sell rating in a report on Tuesday, October 10th. Finally, Deutsche Bank AG downgraded shares of Blue Capital Reinsurance Holdings from a buy rating to a hold rating and cut their price target for the company from $21.00 to $18.00 in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock has a consensus rating of Sell and an average target price of $18.00.

Blue Capital Reinsurance Holdings (NYSE:BCRH) traded up 1.92% during trading on Friday, reaching $13.25. 21,266 shares of the company’s stock traded hands. The stock has a market capitalization of $116.08 million, a P/E ratio of 7.21 and a beta of 0.07. The company has a 50-day moving average of $15.92 and a 200 day moving average of $18.04. Blue Capital Reinsurance Holdings has a 12 month low of $12.85 and a 12 month high of $20.83.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last issued its quarterly earnings results on Monday, October 30th. The insurance provider reported ($5.93) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($5.89) by ($0.04). Blue Capital Reinsurance Holdings had a net margin of 38.93% and a return on equity of 8.84%. The business had revenue of $19.10 million during the quarter, compared to analyst estimates of $12.31 million. During the same period in the previous year, the company posted $0.38 earnings per share. Blue Capital Reinsurance Holdings’s revenue was up 92.9% compared to the same quarter last year. On average, equities research analysts expect that Blue Capital Reinsurance Holdings will post ($4.44) earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date was Thursday, September 28th. Blue Capital Reinsurance Holdings’s payout ratio is 65.57%.

Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE lifted its holdings in Blue Capital Reinsurance Holdings by 393.3% in the 2nd quarter. US Bancorp DE now owns 7,400 shares of the insurance provider’s stock valued at $135,000 after acquiring an additional 5,900 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Blue Capital Reinsurance Holdings by 3.4% in the 2nd quarter. Teachers Advisors LLC now owns 11,514 shares of the insurance provider’s stock valued at $211,000 after acquiring an additional 376 shares during the last quarter. Royal Bank of Canada lifted its holdings in Blue Capital Reinsurance Holdings by 1.5% in the 2nd quarter. Royal Bank of Canada now owns 14,697 shares of the insurance provider’s stock valued at $269,000 after acquiring an additional 217 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Blue Capital Reinsurance Holdings by 242.7% in the 1st quarter. Wells Fargo & Company MN now owns 15,110 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 10,701 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Blue Capital Reinsurance Holdings by 0.5% in the 2nd quarter. Bessemer Group Inc. now owns 18,500 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 100 shares during the last quarter. 40.51% of the stock is owned by institutional investors.

About Blue Capital Reinsurance Holdings

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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