Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) was downgraded by equities research analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $18.00 target price on the insurance provider’s stock, down from their prior target price of $21.00. Deutsche Bank AG’s price target indicates a potential upside of 16.13% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. restated an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a research note on Friday, October 13th. Finally, ValuEngine upgraded shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

Blue Capital Reinsurance Holdings (BCRH) opened at 15.50 on Monday. Blue Capital Reinsurance Holdings has a 52-week low of $13.75 and a 52-week high of $20.83. The company has a market capitalization of $135.80 million, a price-to-earnings ratio of 8.43 and a beta of 0.07. The company’s 50 day moving average is $16.92 and its 200-day moving average is $18.43.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last announced its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $11.09 million. During the same period in the prior year, the firm posted $0.22 EPS. Blue Capital Reinsurance Holdings’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities analysts anticipate that Blue Capital Reinsurance Holdings will post ($1.03) EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the company. State Street Corp lifted its stake in shares of Blue Capital Reinsurance Holdings by 10.3% in the 2nd quarter. State Street Corp now owns 108,446 shares of the insurance provider’s stock worth $1,985,000 after purchasing an additional 10,130 shares during the period. Royal Bank of Canada lifted its stake in shares of 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 purchasing an additional 217 shares during the period. Vanguard Group Inc. lifted its stake in shares of Blue Capital Reinsurance Holdings by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 181,100 shares of the insurance provider’s stock worth $3,315,000 after purchasing an additional 2,803 shares during the period. Northern Trust Corp lifted its stake in shares of Blue Capital Reinsurance Holdings by 5.2% in the 2nd quarter. Northern Trust Corp now owns 64,334 shares of the insurance provider’s stock worth $1,177,000 after purchasing an additional 3,161 shares during the period. Finally, Ativo Capital Management LLC lifted its stake in shares of Blue Capital Reinsurance Holdings by 6.7% in the 2nd quarter. Ativo Capital Management LLC now owns 48,017 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other 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.

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