Blue Capital Reinsurance (BCRH) Upgraded to “Buy” by Zacks Investment Research

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Blue Capital Reinsurance (NYSE:BCRH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $7.00 price objective on the insurance provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 6.87% from the company’s current price.

According to Zacks, “Blue Capital Holdings Ltd. is a reinsurance holding company. It offers collateralized reinsurance in the property catastrophe market. Blue Capital Holdings Ltd. is based in Bermuda. “

Separately, ValuEngine raised shares of Blue Capital Reinsurance from a “sell” rating to a “hold” rating in a report on Wednesday, December 12th.

Shares of NYSE:BCRH traded up $0.26 on Tuesday, reaching $6.55. 10,286 shares of the company’s stock were exchanged, compared to its average volume of 11,158. The stock has a market capitalization of $55.16 million, a price-to-earnings ratio of -2.00 and a beta of 0.64. Blue Capital Reinsurance has a fifty-two week low of $5.30 and a fifty-two week high of $12.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.17 and a current ratio of 0.17.

Blue Capital Reinsurance (NYSE:BCRH) last issued its earnings results on Wednesday, January 30th. The insurance provider reported ($2.84) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.83) by ($0.01). The business had revenue of $12.60 million for the quarter, compared to analyst estimates of $4.00 million. Blue Capital Reinsurance had a negative return on equity of 23.49% and a negative net margin of 80.79%. Sell-side analysts expect that Blue Capital Reinsurance will post 0.73 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Marathon Capital Management bought a new position in shares of Blue Capital Reinsurance during the fourth quarter worth about $61,000. Raymond James & Associates grew its position in shares of Blue Capital Reinsurance by 2.1% during the fourth quarter. Raymond James & Associates now owns 99,998 shares of the insurance provider’s stock worth $550,000 after acquiring an additional 2,016 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Blue Capital Reinsurance by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 221,848 shares of the insurance provider’s stock worth $1,220,000 after acquiring an additional 7,664 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Blue Capital Reinsurance by 18.7% during the third quarter. Renaissance Technologies LLC now owns 178,100 shares of the insurance provider’s stock worth $1,817,000 after acquiring an additional 28,000 shares during the last quarter. Finally, Vanguard Group Inc grew its position in shares of Blue Capital Reinsurance by 1.2% during the third quarter. Vanguard Group Inc now owns 242,561 shares of the insurance provider’s stock worth $2,474,000 after acquiring an additional 2,801 shares during the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.

Blue Capital Reinsurance Company Profile

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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