Blue Capital Reinsurance (NYSE:BCRH) Upgraded by ValuEngine to “Strong-Buy”

ValuEngine upgraded shares of Blue Capital Reinsurance (NYSE:BCRH) from a buy rating to a strong-buy rating in a report issued on Friday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Blue Capital Reinsurance from a sell rating to a hold rating in a report on Monday, July 15th.

BCRH opened at $8.31 on Friday. Blue Capital Reinsurance has a 12-month low of $5.30 and a 12-month high of $10.65. The firm has a market capitalization of $71.51 million, a PE ratio of -2.54 and a beta of 0.70. The firm has a 50 day moving average of $7.24 and a two-hundred day moving average of $7.01.

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Blue Capital Reinsurance by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 221,848 shares of the insurance provider’s stock valued at $1,220,000 after buying an additional 7,664 shares in the last quarter. Clear Harbor Asset Management LLC boosted its holdings in shares of Blue Capital Reinsurance by 115.4% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 283,415 shares of the insurance provider’s stock valued at $1,868,000 after buying an additional 151,830 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of Blue Capital Reinsurance in the 2nd quarter valued at about $180,000. Renaissance Technologies LLC boosted its holdings in shares of Blue Capital Reinsurance by 3.5% in the 2nd quarter. Renaissance Technologies LLC now owns 233,300 shares of the insurance provider’s stock valued at $1,537,000 after buying an additional 7,800 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Blue Capital Reinsurance by 7.4% in the 2nd quarter. BlackRock Inc. now owns 23,512 shares of the insurance provider’s stock valued at $155,000 after buying an additional 1,614 shares in the last quarter. 40.40% of the stock is owned by hedge funds and other institutional investors.

About Blue Capital Reinsurance

Blue Capital Reinsurance Holdings Ltd., through its subsidiaries, provides collateralized reinsurance in the property catastrophe market in the United States and internationally. It also invests in various insurance-linked securities. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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