Zacks Investment Research upgraded shares of Blue Capital Reinsurance (NYSE:BCRH) from a sell rating to a hold rating in a report issued on Wednesday morning.

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. “

BCRH has been the subject of several other reports. Deutsche Bank cut Blue Capital Reinsurance from a buy rating to a hold rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Monday, October 16th. Raymond James Financial reissued an underperform rating on shares of Blue Capital Reinsurance in a research note on Friday, October 13th. ValuEngine cut Blue Capital Reinsurance from a buy rating to a hold rating in a research note on Tuesday, October 17th. Jefferies Group cut Blue Capital Reinsurance to a hold rating in a research note on Wednesday, November 29th. Finally, TheStreet cut Blue Capital Reinsurance from a c+ rating to a d+ rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Blue Capital Reinsurance presently has an average rating of Hold and an average price target of $18.00.

Blue Capital Reinsurance (NYSE BCRH) traded up $0.10 during mid-day trading on Wednesday, reaching $12.35. The company had a trading volume of 30,808 shares, compared to its average volume of 46,401. Blue Capital Reinsurance has a 12-month low of $11.70 and a 12-month high of $20.83. The firm has a market cap of $108.20, a PE ratio of -2.76 and a beta of -0.05.

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

Several large investors have recently bought and sold shares of BCRH. Teachers Advisors LLC boosted its position in shares of Blue Capital Reinsurance by 3.4% in 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 during the last quarter. Royal Bank of Canada lifted its holdings in Blue Capital Reinsurance by 1.5% during the second quarter. Royal Bank of Canada now owns 14,697 shares of the insurance provider’s stock worth $269,000 after acquiring an additional 217 shares in the last quarter. Macquarie Group Ltd. bought a new position in Blue Capital Reinsurance during the third quarter worth about $276,000. Bank of New York Mellon Corp lifted its holdings in shares of Blue Capital Reinsurance by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 19,445 shares of the insurance provider’s stock valued at $356,000 after purchasing an additional 194 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Blue Capital Reinsurance by 52.4% in the second quarter. Wells Fargo & Company MN now owns 23,023 shares of the insurance provider’s stock valued at $420,000 after purchasing an additional 7,913 shares in the last quarter. Institutional investors and hedge funds own 43.53% 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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