Shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) have been assigned a consensus broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Blue Capital Reinsurance Holdings’ rating score has declined by 33.3% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a 1 year consensus target price of $20.00 for the company and are forecasting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Capital Reinsurance Holdings an industry rank of 200 out of 265 based on the ratings given to its competitors.

A number of equities analysts have recently commented on BCRH shares. Zacks Investment Research lowered shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. TheStreet lowered shares of Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Blue Capital Reinsurance Holdings from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, August 3rd.

Blue Capital Reinsurance Holdings (NYSE:BCRH) traded up 0.06% during midday trading on Wednesday, reaching $18.15. 5,460 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $17.69 and a 200-day moving average of $17.70. The stock has a market cap of $158.92 million, a PE ratio of 9.51 and a beta of 0.02. Blue Capital Reinsurance Holdings has a 12 month low of $16.46 and a 12 month high of $19.51.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last issued its earnings results on Monday, August 1st. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm earned $11.30 million during the quarter, compared to analyst estimates of $9.50 million. Blue Capital Reinsurance Holdings had a net margin of 41.69% and a return on equity of 9.24%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business earned $0.63 earnings per share. On average, equities research analysts predict that Blue Capital Reinsurance Holdings will post $1.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date is Wednesday, September 28th. Blue Capital Reinsurance Holdings’s dividend payout ratio is currently 62.83%.

A number of large investors have recently made changes to their positions in the stock. Groesbeck Investment Management Corp NJ increased its stake in shares of Blue Capital Reinsurance Holdings by 10.2% in the second quarter. Groesbeck Investment Management Corp NJ now owns 236,771 shares of the company’s stock worth $4,383,000 after buying an additional 21,900 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in Blue Capital Reinsurance Holdings by 2.9% in the second quarter. Aberdeen Asset Management PLC UK now owns 234,304 shares of the company’s stock valued at $4,337,000 after buying an additional 6,545 shares during the period. BlackRock Fund Advisors increased its position in Blue Capital Reinsurance Holdings by 721.7% in the second quarter. BlackRock Fund Advisors now owns 159,747 shares of the company’s stock valued at $2,957,000 after buying an additional 140,306 shares during the period. Vanguard Group Inc. increased its position in Blue Capital Reinsurance Holdings by 7.7% in the second quarter. Vanguard Group Inc. now owns 155,065 shares of the company’s stock valued at $2,871,000 after buying an additional 11,103 shares during the period. Finally, Royce & Associates LP increased its position in Blue Capital Reinsurance Holdings by 23.9% in the second quarter. Royce & Associates LP now owns 129,692 shares of the company’s stock valued at $2,401,000 after buying an additional 25,000 shares during the period. 38.62% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:BCRH

Get a free copy of the Zacks research report on Blue Capital Reinsurance Holdings (BCRH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Blue Capital Reinsurance Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Capital Reinsurance Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.