Blue Capital Reinsurance (NYSE:BCRH) Downgraded by ValuEngine to “Hold”

ValuEngine cut shares of Blue Capital Reinsurance (NYSE:BCRH) from a buy rating to a hold rating in a report released on Tuesday morning, ValuEngine reports.

Separately, TheStreet cut Blue Capital Reinsurance from a c- rating to a d rating in a research report on Friday, November 1st.

NYSE:BCRH opened at $7.39 on Tuesday. The stock’s 50-day simple moving average is $7.04 and its 200 day simple moving average is $7.21. Blue Capital Reinsurance has a 52-week low of $5.30 and a 52-week high of $9.11.

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.57 per share. The ex-dividend date is Thursday, December 5th.

Hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc. grew its position in shares of Blue Capital Reinsurance by 4.2% in the 3rd quarter. Donald Smith & CO. Inc. now owns 855,536 shares of the insurance provider’s stock valued at $6,305,000 after acquiring an additional 34,849 shares during the period. Rational Advisors LLC bought a new stake in shares of Blue Capital Reinsurance in the 2nd quarter valued at about $180,000. Susquehanna International Group LLP bought a new stake in shares of Blue Capital Reinsurance in the 2nd quarter valued at about $111,000. Renaissance Technologies LLC lifted its stake in 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 purchasing an additional 7,800 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in 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 purchasing an additional 1,614 shares during the last quarter. Hedge funds and other institutional investors own 41.53% of the company’s stock.

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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