Follow The Ratings: Blue Capital Reinsurance (NYSE:BCRH)’s Is Reaching An Inflection Point; UBS Securities Downgrades It

November 23, 2016 - By Ruchi Gupta

Follow The Ratings:  Blue Capital Reinsurance (NYSE:BCRH)'s Is Reaching An Inflection Point; UBS Securities Downgrades It

Blue Capital Reinsurance (NYSE:BCRH) Downgrade

UBS Securities gave Blue Capital Reinsurance (NYSE:BCRH) shares a new “Sell” rating in a a research report shared with investors on Wednesday, 23 November. This is downgrade from the previous “Buy” rating. The firm from today has a $17.00 target on firm, suggesting -5.29% downside potential.

About 45,619 shares traded hands or 99.02% up from the average. Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) has risen 8.22% since April 21, 2016 and is uptrending. It has outperformed by 2.89% the S&P500.

Insitutional Activity: The institutional sentiment increased to 2.83 in 2016 Q2. Its up 0.95, from 1.88 in 2016Q1. The ratio increased, as 9 funds sold all Blue Capital Reinsurance Holdings Ltd shares owned while 8 reduced positions. 18 funds bought stakes while 14 increased positions. They now own 3.18 million shares or 11.40% more from 2.85 million shares in 2016Q1.

Sei Investments last reported 257 shares in the company. The Massachusetts-based State Street has invested 0% in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Tiaa Cref Inv Mgmt Ltd Llc, a New York-based fund reported 14,602 shares. Northern holds 20,464 shares or 0% of its portfolio. The New York-based Renaissance Technologies Ltd Liability has invested 0% in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Nationwide Fund Advsrs owns 3,621 shares or 0% of their US portfolio. Denali Advsrs Ltd accumulated 128 shares or 0% of the stock. Blackrock Fund has 0% invested in the company for 159,747 shares. Donald Smith, a New York-based fund reported 658,744 shares. Moreover, Cornercap Investment Counsel Inc has 0.1% invested in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) for 27,290 shares. Tower Cap Ltd Limited Liability Company (Trc) accumulated 2,827 shares or 0% of the stock. Globeflex Cap Lp accumulated 96 shares or 0% of the stock. California Employees Retirement accumulated 0% or 18,700 shares. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) for 234 shares. Acadian Asset Mgmt Ltd last reported 0% of its portfolio in the stock.

Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The company has a market cap of $156.71 million. The Firm conducts its activities through its subsidiaries, including Blue Capital Re Ltd. , which provides collateralized reinsurance, and Blue Capital Re ILS Ltd. (Blue Capital Re ILS), which conducts hedging and other investment activities. It has a 9.95 P/E ratio. 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.

According to Zacks Investment Research, “Blue Capital Holdings Ltd. is a reinsurance holding company. It offers collateralized reinsurance in the property catastrophe market. Blue Capital Holdings Ltd. is based in Bermuda.”

BCRH Company Profile

Blue Capital Reinsurance Holdings Ltd., incorporated on June 24, 2013, provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Firm conducts its activities through its subsidiaries, including Blue Capital Re Ltd. (Blue Capital Re), which provides collateralized reinsurance, and Blue Capital Re ILS Ltd. (Blue Capital Re ILS), which conducts hedging and other investment activities.

More recent Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) news were published by: Reuters.com which released: “BRIEF-Blue Capital Reinsurance Holdings comments on Endurance acquisition” on October 06, 2016. Also Marketwatch.com published the news titled: “Blue Capital Reinsurance downgraded to market perform from outperform at …” on November 20, 2013. Nasdaq.com‘s news article titled: “Blue Capital Reinsurance Holdings Reports Third Quarter 2016 Financial Results” with publication date: October 31, 2016 was also an interesting one.

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