Royce & Associates LP raised its position in shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) by 40.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 161,392 shares of the insurance provider’s stock after purchasing an additional 46,100 shares during the quarter. Royce & Associates LP owned 1.84% of Blue Capital Reinsurance worth $2,655,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Blue Capital Reinsurance by 393.3% during the 2nd quarter. US Bancorp DE now owns 7,400 shares of the insurance provider’s stock valued at $135,000 after purchasing an additional 5,900 shares in the last quarter. Teachers Advisors LLC increased its stake in Blue Capital Reinsurance by 3.4% during the 2nd quarter. Teachers Advisors LLC now owns 11,514 shares of the insurance provider’s stock valued at $211,000 after purchasing an additional 376 shares in the last quarter. Royal Bank of Canada increased its stake in 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 valued at $269,000 after purchasing an additional 217 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Blue Capital Reinsurance during the 3rd quarter valued at about $276,000. Finally, Bessemer Group Inc. increased its stake in 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 purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 43.53% of the company’s stock.

BCRH has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Blue Capital Reinsurance from a “sell” rating to a “hold” rating in a research note on Monday, August 28th. ValuEngine lowered shares of Blue Capital Reinsurance from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Raymond James Financial reiterated an “underperform” rating on shares of Blue Capital Reinsurance in a research note on Friday, October 13th. Deutsche Bank lowered shares of Blue Capital Reinsurance from a “buy” rating to a “hold” rating and reduced their price target for the stock from $21.00 to $18.00 in a research note on Monday, October 16th. Finally, TheStreet lowered shares of Blue Capital Reinsurance from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

Shares of Blue Capital Reinsurance Holdings Ltd. (BCRH) opened at $12.50 on Wednesday. Blue Capital Reinsurance Holdings Ltd. has a 12 month low of $11.70 and a 12 month high of $20.83.

Blue Capital Reinsurance (NYSE:BCRH) last announced 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 company had revenue of $19.10 million during the quarter, compared to the consensus estimate of $12.31 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The business’s revenue was up 92.9% compared to the same quarter last year. research analysts anticipate that Blue Capital Reinsurance Holdings Ltd. will post -4.4 earnings per share for the current fiscal year.

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Blue Capital Reinsurance 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.

Institutional Ownership by Quarter for Blue Capital Reinsurance (NYSE:BCRH)

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