Blue Capital Reinsurance Holdings Ltd. (BCRH) Holdings Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) by 52.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,023 shares of the insurance provider’s stock after buying an additional 7,913 shares during the quarter. Wells Fargo & Company MN owned 0.26% of Blue Capital Reinsurance Holdings worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE grew its position in shares of Blue Capital Reinsurance Holdings by 393.3% in the second quarter. US Bancorp DE now owns 7,400 shares of the insurance provider’s stock valued at $135,000 after purchasing an additional 5,900 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Blue Capital Reinsurance Holdings by 0.5% in the second quarter. Bessemer Group Inc. now owns 18,500 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 100 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Blue Capital Reinsurance Holdings by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 19,445 shares of the insurance provider’s stock valued at $356,000 after purchasing an additional 194 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Blue Capital Reinsurance Holdings by 26.6% in the first quarter. TIAA CREF Investment Management LLC now owns 19,658 shares of the insurance provider’s stock valued at $379,000 after purchasing an additional 4,130 shares during the last quarter. Finally, Strs Ohio grew its position in shares of Blue Capital Reinsurance Holdings by 6.1% in the second quarter. Strs Ohio now owns 20,900 shares of the insurance provider’s stock valued at $382,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 41.04% of the company’s stock.

Blue Capital Reinsurance Holdings Ltd. (NYSE BCRH) opened at $12.35 on Wednesday. Blue Capital Reinsurance Holdings Ltd. has a one year low of $12.10 and a one year high of $20.83.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last issued its earnings results on Monday, October 30th. The insurance provider reported ($5.93) EPS for the quarter, missing the Zacks’ consensus estimate of ($5.89) by ($0.04). Blue Capital Reinsurance Holdings had a negative net margin of 77.93% and a negative return on equity of 23.35%. The business had revenue of $19.10 million during the quarter, compared to analysts’ expectations of $12.31 million. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue was up 92.9% on a year-over-year basis. equities analysts expect that Blue Capital Reinsurance Holdings Ltd. will post -4.4 earnings per share for the current fiscal year.

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

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.

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

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