Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Blue Capital Reinsurance Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. Raymond James Financial Inc. restated a “market perform” rating on shares of Blue Capital Reinsurance Holdings in a report on Wednesday, October 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Blue Capital Reinsurance Holdings from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Blue Capital Reinsurance Holdings currently has a consensus rating of “Hold” and an average price target of $20.33.

Shares of Blue Capital Reinsurance Holdings (NYSE:BCRH) traded down 1.10% during mid-day trading on Friday, hitting $17.90. The stock had a trading volume of 18,982 shares. Blue Capital Reinsurance Holdings has a one year low of $16.46 and a one year high of $19.51. The stock has a market cap of $156.73 million, a P/E ratio of 9.98 and a beta of 0.04. The firm has a 50 day moving average of $18.02 and a 200-day moving average of $17.82.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last posted its quarterly earnings data on Monday, October 31st. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Blue Capital Reinsurance Holdings had a net margin of 38.29% and a return on equity of 8.67%. The firm had revenue of $9.90 million for the quarter, compared to analysts’ expectations of $9.40 million. During the same period in the previous year, the company posted $0.50 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that Blue Capital Reinsurance Holdings will post $1.42 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Blue Capital Reinsurance Holdings Ltd. (BCRH) Cut to Hold at TheStreet” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and republished in violation of international copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2016/11/29/blue-capital-reinsurance-holdings-ltd-bcrh-cut-to-hold-at-thestreet.html.

Large investors have recently modified their holdings of the company. Groesbeck Investment Management Corp NJ boosted its stake in shares of Blue Capital Reinsurance Holdings by 10.2% in the second quarter. Groesbeck Investment Management Corp NJ now owns 236,771 shares of the company’s stock worth $4,383,000 after buying an additional 21,900 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Blue Capital Reinsurance Holdings by 2.9% in the second quarter. Aberdeen Asset Management PLC UK now owns 234,304 shares of the company’s stock worth $4,337,000 after buying an additional 6,545 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Blue Capital Reinsurance Holdings by 721.7% in the second quarter. BlackRock Fund Advisors now owns 159,747 shares of the company’s stock worth $2,957,000 after buying an additional 140,306 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Blue Capital Reinsurance Holdings by 7.7% in the second quarter. Vanguard Group Inc. now owns 155,065 shares of the company’s stock worth $2,871,000 after buying an additional 11,103 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Blue Capital Reinsurance Holdings by 23.9% in the second quarter. Royce & Associates LP now owns 129,692 shares of the company’s stock worth $2,401,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 38.69% 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.

5 Day Chart for NYSE:BCRH

Receive News & Stock Ratings for Blue Capital Reinsurance Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Capital Reinsurance Holdings Ltd. and related stocks with our FREE daily email newsletter.