Todays Report: Today, Strs Ohio Buys 500 Shares of Blue Capital Reinsurance Holdings Ltd. (BCRH)

Today, Strs Ohio Buys 500 Shares of Blue Capital Reinsurance Holdings Ltd. (BCRH)

Strs Ohio boosted its position in Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) by 2.6% during the third quarter, Holdings Channel reports. The fund owned 19,700 shares of the company’s stock after buying an additional 500 shares during the period. Strs Ohio owned approximately 0.22% of Blue Capital Reinsurance Holdings worth $360,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its position in Blue Capital Reinsurance Holdings by 1,308.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 50,365 shares of the company’s stock worth $932,000 after buying an additional 46,790 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Blue Capital Reinsurance Holdings by 721.7% in the second quarter. BlackRock Fund Advisors now owns 159,747 shares of the company’s stock worth $2,957,000 after buying an additional 140,306 shares during the period. BlackRock Investment Management LLC boosted its stake in shares of Blue Capital Reinsurance Holdings by 2,341.8% in the second quarter. BlackRock Investment Management LLC now owns 25,175 shares of the company’s stock worth $466,000 after buying an additional 24,144 shares during the period. Vanguard Group Inc. boosted its stake in shares of Blue Capital Reinsurance Holdings by 7.7% in the second quarter. Vanguard Group Inc. now owns 155,065 shares of the company’s stock worth $2,871,000 after buying an additional 11,103 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Blue Capital Reinsurance Holdings by 23.9% in the second quarter. Royce & Associates LP now owns 129,692 shares of the company’s stock worth $2,401,000 after buying an additional 25,000 shares during the period. 40.07% of the stock is currently owned by institutional investors and hedge funds.

Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) traded up 0.56% during midday trading on Friday, reaching $18.10. The company’s stock had a trading volume of 8,843 shares. The stock’s 50-day moving average price is $18.02 and its 200 day moving average price is $17.82. Blue Capital Reinsurance Holdings Ltd. has a 1-year low of $16.46 and a 1-year high of $19.51. The firm has a market capitalization of $158.48 million, a PE ratio of 10.09 and a beta of 0.04.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. Blue Capital Reinsurance Holdings had a return on equity of 8.67% and a net margin of 38.29%. The business earned $9.90 million during the quarter, compared to analysts’ expectations of $9.40 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Equities analysts anticipate that Blue Capital Reinsurance Holdings Ltd. will post $1.64 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on BCRH shares. TheStreet upgraded Blue Capital Reinsurance Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 24th. Zacks Investment Research upgraded Blue Capital Reinsurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Raymond James Financial Inc. restated a “market perform” rating on shares of Blue Capital Reinsurance Holdings in a research note on Wednesday, October 19th. Finally, Keefe, Bruyette & Woods upped their price objective on Blue Capital Reinsurance Holdings from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.33.

About Blue Capital Reinsurance Holdings

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.

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