Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) has received an average rating of “Sell” from the six research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $18.00.

BCRH has been the subject of a number of research reports. Zacks Investment Research lowered shares of Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. ValuEngine raised shares of Blue Capital Reinsurance from a “sell” rating to a “hold” rating in a report on Friday, June 1st.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCRH. Bank of New York Mellon Corp grew its holdings in Blue Capital Reinsurance by 55.9% during the 4th quarter. Bank of New York Mellon Corp now owns 28,042 shares of the insurance provider’s stock worth $338,000 after acquiring an additional 10,055 shares during the period. Deutsche Bank AG grew its holdings in Blue Capital Reinsurance by 93.5% during the 4th quarter. Deutsche Bank AG now owns 26,051 shares of the insurance provider’s stock worth $312,000 after acquiring an additional 12,586 shares during the period. Raymond James & Associates acquired a new stake in Blue Capital Reinsurance during the 4th quarter worth $1,311,000. Donald Smith & CO. Inc. grew its holdings in Blue Capital Reinsurance by 18.0% during the 1st quarter. Donald Smith & CO. Inc. now owns 747,902 shares of the insurance provider’s stock worth $9,124,000 after acquiring an additional 114,013 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Blue Capital Reinsurance by 44.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 124,517 shares of the insurance provider’s stock worth $1,519,000 after acquiring an additional 38,442 shares during the period. 47.03% of the stock is owned by hedge funds and other institutional investors.

Shares of Blue Capital Reinsurance stock traded up $0.10 during midday trading on Friday, reaching $10.10. The company had a trading volume of 8,964 shares, compared to its average volume of 30,078. The firm has a market cap of $88.55 million, a P/E ratio of -2.04 and a beta of -0.03. Blue Capital Reinsurance has a 1-year low of $9.50 and a 1-year high of $20.05.

Blue Capital Reinsurance (NYSE:BCRH) last issued its quarterly earnings results on Tuesday, July 31st. The insurance provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.17). The company had revenue of $7.70 million during the quarter, compared to analyst estimates of $13.30 million. Blue Capital Reinsurance had a negative net margin of 108.91% and a negative return on equity of 38.82%. equities analysts anticipate that Blue Capital Reinsurance will post 0.7 earnings per share for the current fiscal year.

About Blue Capital Reinsurance

Blue Capital Reinsurance Holdings Ltd., through its subsidiaries, provides collateralized reinsurance in the property catastrophe market in the United States and internationally. It also invests in various insurance-linked securities. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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