JPMorgan Chase & Co. reduced its position in shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) by 38.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,815 shares of the insurance provider’s stock after selling 6,774 shares during the period. JPMorgan Chase & Co.’s holdings in Blue Capital Reinsurance Holdings were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Blue Capital Reinsurance Holdings by 41.0% in the fourth quarter. Renaissance Technologies LLC now owns 134,200 shares of the insurance provider’s stock worth $2,476,000 after buying an additional 39,001 shares during the period. State Street Corp increased its position in Blue Capital Reinsurance Holdings by 21.6% in the fourth quarter. State Street Corp now owns 84,901 shares of the insurance provider’s stock worth $1,569,000 after buying an additional 15,105 shares during the period. Wells Fargo & Company MN increased its position in Blue Capital Reinsurance Holdings by 242.7% in the first quarter. Wells Fargo & Company MN now owns 15,110 shares of the insurance provider’s stock worth $292,000 after buying an additional 10,701 shares during the period. Acadian Asset Management LLC increased its position in Blue Capital Reinsurance Holdings by 40.1% in the first quarter. Acadian Asset Management LLC now owns 15,425 shares of the insurance provider’s stock worth $298,000 after buying an additional 4,415 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in Blue Capital Reinsurance Holdings during the fourth quarter worth approximately $489,000. 40.24% of the stock is owned by institutional investors and hedge funds.

Blue Capital Reinsurance Holdings Ltd. (BCRH) opened at 19.85 on Monday. The company has a 50-day moving average price of $18.85 and a 200-day moving average price of $18.96. The firm has a market cap of $173.81 million, a P/E ratio of 12.97 and a beta of 0.10. Blue Capital Reinsurance Holdings Ltd. has a 1-year low of $17.22 and a 1-year high of $20.83.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last issued its earnings results on Monday, July 31st. The insurance provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Blue Capital Reinsurance Holdings had a return on equity of 8.84% and a net margin of 38.93%. The business had revenue of $10.30 million during the quarter, compared to the consensus estimate of $11.09 million. During the same quarter last year, the company earned $0.22 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Blue Capital Reinsurance Holdings Ltd. will post $1.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.20 annualized dividend and a yield of 6.05%. Blue Capital Reinsurance Holdings’s dividend payout ratio is currently 65.57%.

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Separately, Zacks Investment Research downgraded Blue Capital Reinsurance Holdings from a “buy” rating to a “sell” rating in a research note on Monday, April 17th.

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

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