Wedge Capital Management L L P NC increased its position in Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,400 shares of the insurance provider’s stock after acquiring an additional 7,800 shares during the quarter. Wedge Capital Management L L P NC owned about 0.67% of Blue Capital Reinsurance Holdings worth $961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE increased its holdings in Blue Capital Reinsurance Holdings by 393.3% in 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 last quarter. Aberdeen Asset Management PLC UK increased its holdings in Blue Capital Reinsurance Holdings by 17.6% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 457,513 shares of the insurance provider’s stock worth $8,372,000 after acquiring an additional 68,414 shares during the last quarter. Strs Ohio increased its holdings in Blue Capital Reinsurance Holdings by 6.1% in the 2nd quarter. Strs Ohio now owns 20,900 shares of the insurance provider’s stock worth $382,000 after acquiring an additional 1,200 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Blue Capital Reinsurance Holdings by 242.7% in 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 last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Blue Capital Reinsurance Holdings in the 1st quarter worth about $571,000. 39.99% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the company. TheStreet lowered Blue Capital Reinsurance Holdings from a “b-” rating to a “c+” rating in a report on Friday, October 27th. ValuEngine lowered Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Deutsche Bank AG lowered Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $21.00 to $18.00 in a report on Monday, October 16th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a report on Friday, October 13th. Finally, Zacks Investment Research lowered Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company has an average rating of “Sell” and a consensus target price of $18.00.

Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) opened at $13.05 on Friday. Blue Capital Reinsurance Holdings Ltd. has a 12 month low of $12.55 and a 12 month high of $20.83.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last issued its earnings results on Monday, October 30th. The insurance provider reported ($5.93) EPS for the quarter, missing the consensus estimate of ($5.89) by ($0.04). Blue Capital Reinsurance Holdings had a negative return on equity of 23.35% and a negative net margin of 77.93%. The company had revenue of $19.10 million during the quarter, compared to the consensus estimate of $12.31 million. During the same quarter in the prior year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 92.9% compared to the same quarter last year. equities analysts anticipate that Blue Capital Reinsurance Holdings Ltd. will post -4.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.30 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 9.20%. Blue Capital Reinsurance Holdings’s dividend payout ratio is currently -26.79%.

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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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Institutional Ownership by Quarter for Blue Capital Reinsurance Holdings (NYSE:BCRH)

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