Zacks Investment Research lowered shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) from a hold rating to a sell rating in a research note released on Tuesday.

According to Zacks, “Blue Capital Holdings Ltd. is a reinsurance holding company. It offers collateralized reinsurance in the property catastrophe market. Blue Capital Holdings Ltd. is based in Bermuda. “

Separately, ValuEngine lowered shares of Blue Capital Reinsurance Holdings from a buy rating to a hold rating in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold.

Blue Capital Reinsurance Holdings (BCRH) traded up 0.57% during mid-day trading on Tuesday, hitting $17.55. 5,733 shares of the company traded hands. The firm has a 50 day moving average of $17.15 and a 200 day moving average of $18.46. Blue Capital Reinsurance Holdings has a one year low of $13.75 and a one year high of $20.83. The firm has a market capitalization of $153.76 million, a P/E ratio of 9.59 and a beta of 0.07.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last posted its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Blue Capital Reinsurance Holdings had a net margin of 38.93% and a return on equity of 8.84%. The company had revenue of $10.30 million for the quarter, compared to analyst estimates of $11.09 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts expect that Blue Capital Reinsurance Holdings will post $1.80 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Thursday, September 28th. Blue Capital Reinsurance Holdings’s dividend payout ratio (DPR) is presently 65.57%.

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its holdings in Blue Capital Reinsurance Holdings by 393.3% during 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 period. Teachers Advisors LLC increased its holdings in Blue Capital Reinsurance Holdings by 14.2% during 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 period. Oxford Asset Management bought a new stake in Blue Capital Reinsurance Holdings during the 1st quarter worth approximately $225,000. Royal Bank of Canada increased its holdings in Blue Capital Reinsurance Holdings by 1.5% during 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 period. Finally, Wells Fargo & Company MN increased its holdings in Blue Capital Reinsurance Holdings by 242.7% during 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 period. 40.12% of the stock is currently owned by institutional investors and hedge funds.

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.

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