Zacks Investment Research upgraded Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) to Hold in a report released today.
- Updated: October 4, 2016
Zacks Investment Research has upgraded Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) to Hold in a report released on 10/04/2016.
Previously on Wednesday August 03, 2016, KBW reported on Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) increased the target price from $19.00 to $20.00. At the time, this indicated a possible upside of 0.12%.
Yesterday Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) traded 1.82% higher at $17.94. The company’s 50-day moving average is $17.85 and its 200-day moving average is $17.73. The last closing price is up 1.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 11,671 shares of Blue Capital Reinsurance Holdings Ltd exchanged hands, down from an avg. volume of 27,043
With a total market value of $0, Blue Capital Reinsurance Holdings Ltd has price-earnings ratio of 9.40 with a one year low of $16.46 and a one year high of $19.51 .
Brief Synopsis About Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH)
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. (Blue Capital Re ILS), which conducts hedging and other investment activities. 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. Blue Capital Re ILS may purchase catastrophe bonds to access certain risks. Blue Capital Re or Blue Capital Re ILS may buy and sell industry loss warranties as a way to access certain risks. Blue Capital Re ILS' portfolio may include over-the-counter or exchange-traded futures or options listed on catastrophe indexes, such as catastrophe or weather derivatives.
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