Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH)‘s stock had its “market perform” rating reaffirmed by analysts at Raymond James Financial Inc. in a research report issued on Wednesday.

Other analysts have also recently issued reports about the company. TheStreet cut Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Zacks Investment Research cut Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Keefe, Bruyette & Woods raised their target price on Blue Capital Reinsurance Holdings from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.33.

Shares of Blue Capital Reinsurance Holdings (NYSE:BCRH) opened at 18.10 on Wednesday. Blue Capital Reinsurance Holdings has a one year low of $16.46 and a one year high of $19.51. The company has a market capitalization of $158.48 million and a price-to-earnings ratio of 9.49. The firm’s 50-day moving average price is $18.00 and its 200-day moving average price is $17.74.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last posted its earnings results on Monday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $11.30 million for the quarter, compared to analysts’ expectations of $9.50 million. Blue Capital Reinsurance Holdings had a return on equity of 9.24% and a net margin of 41.69%. Blue Capital Reinsurance Holdings’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. Analysts anticipate that Blue Capital Reinsurance Holdings will post $1.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.30 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.20 annualized dividend and a yield of 6.63%. Blue Capital Reinsurance Holdings’s dividend payout ratio (DPR) is presently 62.83%.

A number of hedge funds have recently modified their holdings of BCRH. Teachers Advisors Inc. bought a new stake in shares of Blue Capital Reinsurance Holdings during the second quarter valued at approximately $181,000. O Shaughnessy Asset Management LLC raised its stake in shares of Blue Capital Reinsurance Holdings by 1,059.7% in the second quarter. O Shaughnessy Asset Management LLC now owns 10,634 shares of the company’s stock valued at $197,000 after buying an additional 9,717 shares during the period. California State Teachers Retirement System bought a new stake in shares of Blue Capital Reinsurance Holdings during the second quarter valued at approximately $229,000. Bank of New York Mellon Corp bought a new stake in shares of Blue Capital Reinsurance Holdings during the second quarter valued at approximately $269,000. Finally, Clear Harbor Asset Management LLC raised its stake in shares of Blue Capital Reinsurance Holdings by 3.2% in the second quarter. Clear Harbor Asset Management LLC now owns 16,008 shares of the company’s stock valued at $296,000 after buying an additional 489 shares during the period. Institutional investors and hedge funds own 38.63% of the company’s stock.

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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