ValuEngine Lowers Blue Capital Reinsurance Holdings Ltd. (BCRH) to Hold

ValuEngine downgraded shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) from a buy rating to a hold rating in a report published on Tuesday morning.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research raised Blue Capital Reinsurance Holdings from a sell rating to a hold rating in a research report on Monday, August 28th. Deutsche Bank AG cut Blue Capital Reinsurance Holdings from a buy rating to a hold rating and lowered their price objective for the stock from $21.00 to $18.00 in a research report on Monday, October 16th. Finally, Raymond James Financial, Inc. reissued an underperform rating on shares of Blue Capital Reinsurance Holdings in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $18.00.

Blue Capital Reinsurance Holdings (NYSE:BCRH) opened at 13.55 on Tuesday. The stock has a 50 day moving average price of $16.45 and a 200 day moving average price of $18.29. Blue Capital Reinsurance Holdings has a 1-year low of $13.45 and a 1-year high of $20.83. The stock has a market cap of $118.71 million, a PE ratio of 7.37 and a beta of 0.07.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last posted its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $11.09 million. Blue Capital Reinsurance Holdings had a return on equity of 8.84% and a net margin of 38.93%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. On average, analysts predict that Blue Capital Reinsurance Holdings will post ($1.03) EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a yield of 8.86%. Blue Capital Reinsurance Holdings’s dividend payout ratio (DPR) is 65.57%.

Hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its stake 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 worth $135,000 after acquiring an additional 5,900 shares during the last quarter. Teachers Advisors LLC raised its stake in Blue Capital Reinsurance Holdings by 14.2% in the 4th quarter. Teachers Advisors LLC now owns 11,138 shares of the insurance provider’s stock worth $205,000 after acquiring an additional 1,386 shares during the last quarter. Oxford Asset Management purchased a new position in Blue Capital Reinsurance Holdings in the 1st quarter worth $225,000. Royal Bank of Canada raised its stake 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 worth $269,000 after acquiring an additional 217 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake 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 worth $292,000 after acquiring an additional 10,701 shares during the last quarter. Institutional investors own 40.12% of the company’s stock.

Blue Capital Reinsurance Holdings Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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