Blue Capital Reinsurance Holdings Ltd (BCRH) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.52. The company posted revenue of $10.40 million in the period, compared to analysts expectations of $8.82 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Blue Capital Reinsurance Holdings Ltd closed down -0.08 points or -0.46% at $17.41 with 13,951 shares getting traded on Wednesday. Post opening the session at $17.41, the shares hit an intraday low of $17.26 and an intraday high of $17.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 8, 2016, John R Weale (director) purchased 2,800 shares at $17.78 per share price.
Blue Capital Reinsurance Holdings Ltd. is an exempted limited liability company. Through its subsidiaries the Company provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company’s wholly owned subsidiaries include Blue Capital Re which is a Bermuda exempted limited liability company registered as a Class 3A insurer in Bermuda and provides collateralized reinsurance and Blue Capital Re ILS which is a Bermuda exempted limited liability company that conducts hedging and other investment activities including entering into industry loss warranties and purchasing catastrophe bonds operations. As of December 31 2014 the Company had $201.3 million of consolidated total assets. Blue Capital Re provides reinsurance to third-party insurance and reinsurance companies through reinsurance contracts either directly with the cedant or on a fronted basis.