Shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) reached a new 52-week low during trading on Friday . The stock traded as low as $12.81 and last traded at $0.00, with a volume of shares trading hands.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Raymond James Financial, Inc. restated an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a report on Friday, October 13th. ValuEngine upgraded shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Deutsche Bank AG lowered shares of Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating and cut their price target for the company from $21.00 to $18.00 in a report on Monday, October 16th. Finally, TheStreet lowered shares of Blue Capital Reinsurance Holdings from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has an average rating of “Sell” and an average price target of $18.00.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last issued its quarterly earnings results on Monday, October 30th. The insurance provider reported ($5.93) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($5.89) by ($0.04). The business had revenue of $19.10 million for the quarter, compared to the consensus estimate of $12.31 million. Blue Capital Reinsurance Holdings had a negative net margin of 77.93% and a negative return on equity of 21.60%. The business’s revenue was up 92.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. equities research analysts expect that Blue Capital Reinsurance Holdings Ltd. will post -4.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.30%. Blue Capital Reinsurance Holdings’s dividend payout ratio (DPR) is presently -26.79%.

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in Blue Capital Reinsurance Holdings by 242.7% in the 1st 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 last quarter. Bank of New York Mellon Corp lifted its position in Blue Capital Reinsurance Holdings by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 19,251 shares of the insurance provider’s stock worth $371,000 after buying an additional 1,281 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Blue Capital Reinsurance Holdings by 26.6% in the 1st quarter. TIAA CREF Investment Management LLC now owns 19,658 shares of the insurance provider’s stock worth $379,000 after buying an additional 4,130 shares during the last quarter. Morgan Stanley lifted its position in Blue Capital Reinsurance Holdings by 5.4% in the 1st quarter. Morgan Stanley now owns 59,205 shares of the insurance provider’s stock worth $1,143,000 after buying an additional 3,011 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Blue Capital Reinsurance Holdings in the 1st quarter worth approximately $571,000. Hedge funds and other institutional investors own 40.51% of the company’s stock.

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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.

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