Blue Capital Reinsurance Holdings Ltd (BCRH) was Downgraded by UBS to ” Sell” while Lowering the Price Target of the company shares to $ 17 from a previous price target of $18 . Earlier the firm had a rating of “Buy ” on the company shares. UBS advised their investors in a research report released on Nov 23, 2016.
Many Wall Street Analysts have commented on Blue Capital Reinsurance Holdings Ltd. Blue Capital Reinsurance Holdings Ltd was Downgraded by Raymond James to ” Mkt Perform” on Oct 19, 2016.
On the company’s financial health, Blue Capital Reinsurance Holdings Ltd reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.36. The company had revenue of $9.90 million for the quarter, compared to analysts expectations of $9.35 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Blue Capital Reinsurance Holdings Ltd opened for trading at $18.95 and hit $19 on the upside on Monday, eventually ending the session at $18.95, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 18,904 shares. Company has a market cap of $166 M.
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.