Blue Capital Reinsurance Holdings (BCRH) Getting Somewhat Critical News Coverage, Study Shows
Press coverage about Blue Capital Reinsurance Holdings (NYSE:BCRH) has trended somewhat negative on Tuesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blue Capital Reinsurance Holdings earned a news sentiment score of -0.02 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 45.7826657098101 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- BLUE CAPITAL REINSURANCE HOLDINGS LTD. (NYSE:BCRH) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
- Blue Capital’s book value falls 28% (royalgazette.com)
- Blue Capital Reinsurance : reports 3Q loss (4-traders.com)
- Blue Capital reports 3Q loss (finance.yahoo.com)
- Blue Capital Reinsurance Holdings Ltd. (BCRH) Posts Earnings Results, Misses Expectations By $6.21 EPS (americanbankingnews.com)
Shares of Blue Capital Reinsurance Holdings (BCRH) traded up 1.92% during trading on Tuesday, reaching $13.25. 60,077 shares of the company were exchanged. The stock has a market capitalization of $116.08 million, a P/E ratio of 7.21 and a beta of 0.07. The stock has a 50-day moving average of $15.92 and a 200 day moving average of $18.04. Blue Capital Reinsurance Holdings has a 52-week low of $12.85 and a 52-week high of $20.83.
Blue Capital Reinsurance Holdings (NYSE:BCRH) last released its quarterly earnings results on Monday, October 30th. The insurance provider reported ($5.93) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($5.89) by ($0.04). Blue Capital Reinsurance Holdings had a net margin of 38.93% and a return on equity of 8.84%. The business had revenue of $19.10 million during the quarter, compared to the consensus estimate of $12.31 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 92.9% compared to the same quarter last year. On average, equities analysts anticipate that Blue Capital Reinsurance Holdings will post ($4.44) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.06%. Blue Capital Reinsurance Holdings’s dividend payout ratio is 65.57%.
A number of research firms recently weighed in on BCRH. Zacks Investment Research cut shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. TheStreet cut shares of Blue Capital Reinsurance Holdings from a “b-” rating to a “c+” rating in a report on Friday. ValuEngine raised shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a report on Friday, October 13th. Finally, Deutsche Bank AG lowered shares of Blue Capital Reinsurance Holdings 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. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Blue Capital Reinsurance Holdings currently has an average rating of “Sell” and an average price target of $18.00.
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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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