TheStreet cut shares of Blue Capital Reinsurance (NYSE:BCRH) from a c+ rating to a d+ rating in a research note released on Thursday morning.

Several other analysts have also weighed in on the stock. ValuEngine lowered shares of Blue Capital Reinsurance from a buy rating to a hold rating in a research report on Thursday, September 7th. Deutsche Bank lowered shares of Blue Capital Reinsurance from a buy rating to a hold rating and decreased their target price for the company from $21.00 to $18.00 in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Blue Capital Reinsurance from a hold rating to a sell rating in a research report on Tuesday, October 10th. Raymond James Financial reiterated an underperform rating on shares of Blue Capital Reinsurance in a research report on Friday, October 13th. Finally, Jefferies Group lowered shares of Blue Capital Reinsurance to a hold rating in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has an average rating of Hold and a consensus target price of $18.00.

Shares of Blue Capital Reinsurance (BCRH) opened at $12.25 on Thursday. Blue Capital Reinsurance has a 12-month low of $11.80 and a 12-month high of $20.83.

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

Several institutional investors have recently modified their holdings of the company. Aberdeen Asset Management PLC UK boosted its position in shares of Blue Capital Reinsurance by 17.6% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 457,513 shares of the insurance provider’s stock valued at $8,372,000 after acquiring an additional 68,414 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Blue Capital Reinsurance by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 181,100 shares of the insurance provider’s stock valued at $3,315,000 after purchasing an additional 2,803 shares during the last quarter. Royce & Associates LP lifted its holdings in Blue Capital Reinsurance by 40.0% during the 3rd quarter. Royce & Associates LP now owns 161,392 shares of the insurance provider’s stock valued at $2,655,000 after purchasing an additional 46,100 shares during the last quarter. State Street Corp lifted its holdings in Blue Capital Reinsurance by 10.3% during the 2nd quarter. State Street Corp now owns 108,446 shares of the insurance provider’s stock valued at $1,985,000 after purchasing an additional 10,130 shares during the last quarter. Finally, Bedell Frazier Investment Counseling LLC bought a new position in Blue Capital Reinsurance during the 3rd quarter valued at about $1,522,000. Institutional investors and hedge funds own 48.71% of the company’s stock.

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Blue Capital Reinsurance 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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