Municipal Employees Retirement System of Michigan Takes $832,000 Position in Blue Capital Reinsurance Holdings Ltd (BCRH)

Municipal Employees Retirement System of Michigan bought a new position in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 69,010 shares of the insurance provider’s stock, valued at approximately $832,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James & Associates acquired a new stake in shares of Blue Capital Reinsurance in the 4th quarter worth $1,311,000. Deutsche Bank AG increased its position in shares of Blue Capital Reinsurance by 93.5% during the 4th quarter. Deutsche Bank AG now owns 26,051 shares of the insurance provider’s stock worth $312,000 after purchasing an additional 12,586 shares during the last quarter. Donald Smith & CO. Inc. increased its position in shares of Blue Capital Reinsurance by 40.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 633,889 shares of the insurance provider’s stock worth $7,638,000 after purchasing an additional 183,824 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Blue Capital Reinsurance by 55.9% during the 4th quarter. Bank of New York Mellon Corp now owns 28,042 shares of the insurance provider’s stock worth $338,000 after purchasing an additional 10,055 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of Blue Capital Reinsurance by 45.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 85,200 shares of the insurance provider’s stock worth $1,027,000 after purchasing an additional 26,800 shares during the last quarter. 43.39% of the stock is owned by institutional investors and hedge funds.

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Shares of BCRH stock opened at $11.85 on Friday. Blue Capital Reinsurance Holdings Ltd has a 52-week low of $11.00 and a 52-week high of $20.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.13%. The ex-dividend date of this dividend is Wednesday, March 28th. Blue Capital Reinsurance’s payout ratio is -18.22%.

A number of brokerages recently issued reports on BCRH. ValuEngine downgraded Blue Capital Reinsurance from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. TheStreet downgraded Blue Capital Reinsurance from a “c+” rating to a “d+” rating in a research report on Thursday, November 30th. Zacks Investment Research raised Blue Capital Reinsurance from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Jefferies Group downgraded Blue Capital Reinsurance to a “hold” rating in a research report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.00.

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Blue Capital Reinsurance Company Profile

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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Institutional Ownership by Quarter for Blue Capital Reinsurance (NYSE:BCRH)

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