Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) issued its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02, Briefing.com reports. Blue Capital Reinsurance Holdings had a return on equity of 8.84% and a net margin of 38.93%. The business had revenue of $10.30 million during the quarter, compared to analyst estimates of $11.09 million. During the same period in the previous year, the firm earned $0.22 EPS. Blue Capital Reinsurance Holdings’s quarterly revenue was down 8.8% compared to the same quarter last year.
Blue Capital Reinsurance Holdings (NYSE:BCRH) traded down 1.03% during trading on Friday, reaching $19.25. The company’s stock had a trading volume of 10,481 shares. Blue Capital Reinsurance Holdings has a 12 month low of $17.22 and a 12 month high of $20.83. The company’s 50-day moving average is $19.01 and its 200-day moving average is $19.01. The stock has a market cap of $168.65 million, a PE ratio of 10.47 and a beta of 0.10.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend was Wednesday, June 28th. Blue Capital Reinsurance Holdings’s dividend payout ratio (DPR) is currently 65.57%.
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Large investors have recently added to or reduced their stakes in the stock. Aberdeen Asset Management PLC UK increased its stake in Blue Capital Reinsurance Holdings by 17.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 457,513 shares of the insurance provider’s stock valued at $8,372,000 after buying an additional 68,414 shares in the last quarter. Foundry Partners LLC purchased a new stake in Blue Capital Reinsurance Holdings during the second quarter valued at approximately $1,023,000. Renaissance Technologies LLC increased its stake in Blue Capital Reinsurance Holdings by 41.0% in the fourth quarter. Renaissance Technologies LLC now owns 134,200 shares of the insurance provider’s stock valued at $2,476,000 after buying an additional 39,001 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Blue Capital Reinsurance Holdings during the first quarter valued at approximately $571,000. Finally, Russell Investments Group Ltd. purchased a new stake in Blue Capital Reinsurance Holdings during the fourth quarter valued at approximately $489,000. Hedge funds and other institutional investors own 40.24% of the company’s stock.
Separately, Zacks Investment Research lowered Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.
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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