Blue Capital Reinsurance Holdings Ltd. (BCRH) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) released its earnings results on Monday, July 31st. The insurance provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02, Briefing.com reports. Blue Capital Reinsurance Holdings had a return on equity of 8.84% and a net margin of 38.93%. The firm had revenue of $10.30 million during the quarter, compared to the consensus estimate of $11.09 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was down 8.8% compared to the same quarter last year.

Blue Capital Reinsurance Holdings (BCRH) opened at 19.35 on Friday. The stock’s 50 day moving average price is $19.14 and its 200-day moving average price is $19.02. Blue Capital Reinsurance Holdings has a 12-month low of $17.22 and a 12-month high of $20.83. The firm has a market cap of $169.53 million, a PE ratio of 10.52 and a beta of 0.10.

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A number of large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in Blue Capital Reinsurance Holdings during the fourth quarter valued at about $489,000. State Street Corp raised its stake 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 valued at $1,569,000 after buying an additional 15,105 shares in the last quarter. Renaissance Technologies LLC raised its stake 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 valued at $2,476,000 after buying an additional 39,001 shares in the last quarter. Teachers Advisors LLC raised its stake in Blue Capital Reinsurance Holdings by 14.2% in the fourth quarter. Teachers Advisors LLC now owns 11,138 shares of the insurance provider’s stock valued at $205,000 after buying an additional 1,386 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake 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 valued at $298,000 after buying an additional 4,415 shares in the last quarter. 40.35% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised Blue Capital Reinsurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th.

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.

Earnings History for Blue Capital Reinsurance Holdings (NYSE:BCRH)

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