Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $13.55 and last traded at $13.50, with a volume of 112,277 shares changing hands. The stock had previously closed at $14.00.

Several equities analysts have recently commented on the company. Zacks Investment Research cut Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a research note on Friday, October 13th. ValuEngine cut Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG cut Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating and reduced their target price for the company from $21.00 to $18.00 in a research note on Monday, October 16th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Blue Capital Reinsurance Holdings has an average rating of “Hold” and a consensus price target of $18.00.

The stock has a 50-day moving average price of $16.45 and a 200-day moving average price of $18.29. 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 released its earnings results on Monday, July 31st. The insurance provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $10.30 million during the quarter, compared to the consensus estimate of $11.09 million. Blue Capital Reinsurance Holdings had a return on equity of 8.84% and a net margin of 38.93%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, equities research analysts anticipate that Blue Capital Reinsurance Holdings Ltd. will post ($1.03) EPS for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of Blue Capital Reinsurance Holdings by 393.3% during the second 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 position in shares of Blue Capital Reinsurance Holdings by 14.2% during the fourth 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. Royal Bank of Canada raised its position in shares of Blue Capital Reinsurance Holdings by 1.5% during the second 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. Wells Fargo & Company MN raised its position in shares of Blue Capital Reinsurance Holdings by 242.7% during the first 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. Finally, Bessemer Group Inc. raised its position in shares of Blue Capital Reinsurance Holdings by 0.5% during the second quarter. Bessemer Group Inc. now owns 18,500 shares of the insurance provider’s stock worth $339,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 40.12% of the company’s stock.

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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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