Blue Capital Reinsurance Holdings Ltd (BCRH) Reaches $19.60 After 9.00% Up Move, Hallmark Capital Management Has Lifted Ingredion (INGR) Stake

July 17, 2017 - By Nellie Frank

The stock of Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) is a huge mover today! About 58,638 shares traded or 291.73% up from the average. Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) has risen 7.23% since July 17, 2016 and is uptrending. It has underperformed by 9.47% the S&P500.The move comes after 9 months positive chart setup for the $174.35 million company. It was reported on Jul, 17 by We have $21.36 PT which if reached, will make NYSE:BCRH worth $15.69 million more.

Hallmark Capital Management Inc increased Ingredion Inc (INGR) stake by 2.36% reported in 2016Q4 SEC filing. Hallmark Capital Management Inc acquired 2,762 shares as Ingredion Inc (INGR)’s stock declined 4.33%. The Hallmark Capital Management Inc holds 119,569 shares with $14.94 million value, up from 116,807 last quarter. Ingredion Inc now has $8.65B valuation. The stock rose 0.49% or $0.58 reaching $119.83 per share. About 121,872 shares traded. Ingredion Inc (NYSE:INGR) has declined 2.30% since July 17, 2016 and is downtrending. It has underperformed by 19.00% the S&P500.

Among 2 analysts covering Blue Capital Reinsurance (NYSE:BCRH), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Blue Capital Reinsurance has $21 highest and $17 lowest target. $19’s average target is -3.06% below currents $19.6 stock price. Blue Capital Reinsurance had 3 analyst reports since February 4, 2016 according to SRatingsIntel. As per Wednesday, October 19, the company rating was downgraded by Raymond James. The rating was downgraded by UBS on Wednesday, November 23 to “Sell”.

Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The company has market cap of $174.35 million. The Firm conducts its activities through its subsidiaries, including Blue Capital Re Ltd. , which provides collateralized reinsurance, and Blue Capital Re ILS Ltd. (Blue Capital Re ILS), which conducts hedging and other investment activities. It has a 12.81 P/E ratio. 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.

Investors sentiment decreased to 1.7 in 2016 Q4. Its down 1.13, from 2.83 in 2016Q3. It worsened, as 5 investors sold Blue Capital Reinsurance Holdings Ltd shares while 15 reduced holdings. 12 funds opened positions while 22 raised stakes. 3.43 million shares or 4.58% more from 3.28 million shares in 2016Q3 were reported. 40,742 are held by Martingale Asset Mngmt Limited Partnership. Morgan Stanley has invested 0% of its portfolio in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Acadian Asset Limited reported 11,010 shares or 0% of all its holdings. Fca Tx holds 0.13% or 14,000 shares. Nationwide Fund Advsr accumulated 0% or 3,621 shares. Deutsche Savings Bank Ag holds 0% or 26,789 shares. Vanguard Grp Inc has 168,598 shares. Bridgeway Incorporated holds 23,400 shares or 0.01% of its portfolio. Eagle Glob Advisors Ltd Limited Liability Company owns 11,018 shares or 0.01% of their US portfolio. Wells Fargo Communication Mn reported 0% in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Northern Trust holds 0% or 58,515 shares. Sei Invs reported 0% of its portfolio in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Creative Planning reported 400 shares stake. Balyasny Asset Llc has 0% invested in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). California State Teachers Retirement Sys has 12,183 shares.

Analysts await Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) to report earnings on July, 31 after the close. They expect $0.50 EPS, up 127.27% or $0.28 from last year’s $0.22 per share. BCRH’s profit will be $4.45M for 9.80 P/E if the $0.50 EPS becomes a reality. After $0.47 actual EPS reported by Blue Capital Reinsurance Holdings Ltd for the previous quarter, Wall Street now forecasts 6.38% EPS growth.

Hallmark Capital Management Inc decreased Cisco Sys Inc (NASDAQ:CSCO) stake by 10,334 shares to 518,442 valued at $15.67M in 2016Q4. It also reduced Microchip Technology Inc (NASDAQ:MCHP) stake by 19,362 shares and now owns 262,988 shares. Scripps Ntwk Interac (NYSE:SNI) was reduced too.

Among 7 analysts covering Ingredion Inc (NYSE:INGR), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ingredion Inc had 15 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Monday, June 26 with “Hold”. The firm has “Buy” rating by Jefferies given on Wednesday, December 16. The rating was maintained by Jefferies with “Buy” on Friday, May 26. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, October 30 report. Citigroup upgraded the stock to “Buy” rating in Monday, September 14 report. BMO Capital Markets maintained Ingredion Inc (NYSE:INGR) on Thursday, April 13 with “Hold” rating. Stephens upgraded Ingredion Inc (NYSE:INGR) on Friday, January 29 to “Overweight” rating. The firm has “Buy” rating given on Wednesday, June 15 by Citigroup. The stock of Ingredion Inc (NYSE:INGR) has “Hold” rating given on Thursday, September 8 by Societe Generale. On Thursday, June 29 the stock rating was maintained by Jefferies with “Buy”.

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