Blue Capital Reinsurance (NYSE:BCRH) Rating Lowered to D+ at TheStreet

Blue Capital Reinsurance (NYSE:BCRH) was downgraded by research analysts at TheStreet from a “c+” rating to a “d+” rating in a report issued on Thursday, November 30th.

Several other equities analysts have also commented on BCRH. Zacks Investment Research lowered Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. ValuEngine lowered Blue Capital Reinsurance from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Raymond James Financial reaffirmed an “underperform” rating on shares of Blue Capital Reinsurance in a report on Friday, October 13th. Deutsche Bank lowered Blue Capital Reinsurance from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $21.00 to $18.00 in a report on Monday, October 16th. Finally, Jefferies Group lowered Blue Capital Reinsurance to a “hold” rating in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Blue Capital Reinsurance presently has an average rating of “Hold” and a consensus price target of $18.00.

Blue Capital Reinsurance (BCRH) opened at $12.00 on Thursday. Blue Capital Reinsurance has a twelve month low of $11.80 and a twelve month high of $20.83.

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

Several hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in shares of Blue Capital Reinsurance by 0.5% during the 2nd quarter. Bessemer Group Inc. now owns 18,500 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 100 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Blue Capital Reinsurance by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 19,445 shares of the insurance provider’s stock worth $356,000 after purchasing an additional 194 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Blue Capital Reinsurance 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 purchasing an additional 217 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Blue Capital Reinsurance by 3.4% during the 2nd quarter. Teachers Advisors LLC now owns 11,514 shares of the insurance provider’s stock worth $211,000 after purchasing an additional 376 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of Blue Capital Reinsurance by 6.1% during the 2nd quarter. Strs Ohio now owns 20,900 shares of the insurance provider’s stock worth $382,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 48.75% of the company’s stock.

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About Blue Capital Reinsurance

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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