Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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.

Earnings History for Blue Capital Reinsurance Holdings (NYSE:BCRH)

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