Noteworthy Rating Filing: UBS Says Its Time To Downgrade Blue Capital Reinsurance Holdings (NYSE:BCRH)

November 23, 2016 - By Ellis Scott

Noteworthy Rating Filing:  UBS Says Its Time To Downgrade Blue Capital Reinsurance Holdings (NYSE:BCRH)

Blue Capital Reinsurance Holdings (NYSE:BCRH) Downgrade

In a a research note issued on Wednesday morning, UBS has decreased Blue Capital Reinsurance Holdings (NYSE:BCRH) stock to a “Sell” and has set an estimated 12-month target price at $17. BCRH’s old rating was “Buy”.

About 24,187 shares traded hands or 5.52% 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 Q2 2016. 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.

Ny State Common Retirement Fund reported 6,100 shares or 0% of all its holdings. Bnp Paribas Arbitrage has 0% invested in the company for 234 shares. Blackrock Inc last reported 0% of its portfolio in the stock. Aberdeen Asset Mgmt Public Ltd Uk has invested 0.02% of its portfolio in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Tiaa Cref Inv Mgmt Ltd Llc accumulated 0% or 14,602 shares. Wells Fargo And Com Mn has 2,400 shares for 0% of their US portfolio. Cornercap Counsel holds 27,290 shares or 0.1% of its portfolio. Citigroup holds 0% or 587 shares in its portfolio. Baillie Gifford And holds 629,438 shares or 0.02% of its portfolio. Pine River Mngmt Lp has 90,571 shares for 0.02% of their US portfolio. Groesbeck Inv Management Nj holds 236,771 shares or 3.2% of its portfolio. Sei Invests has invested 0% of its portfolio in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Raymond James Finance Svcs Advisors accumulated 0% or 25,602 shares. Intll Grp last reported 0% of its portfolio in the stock. Geode Mgmt Ltd Liability owns 29,705 shares or 0% of their US portfolio.

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 $161.97 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 10.29 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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