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Blue Capital Reinsurance Holdings (NASDAQ:BCRH) major shareholder Re Holdings Ltd Montpelier purchased 29,300 shares of Blue Capital Reinsurance Holdings stock on the open market in a transaction dated Monday, August 4th. The stock was purchased at an average price of $18.39 per share, for a total transaction of $538,827.00. Following the purchase, the insider now directly owns 2,800 shares in the company, valued at approximately $51,492. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Blue Capital Reinsurance Holdings (NASDAQ:BCRH) traded up 0.38% on Monday, hitting $18.48. The stock had a trading volume of 34,905 shares. Blue Capital Reinsurance Holdings has a 52 week low of $16.46 and a 52 week high of $21.02. The stock has a 50-day moving average of $19.06 and a 200-day moving average of $17.97. The company’s market cap is $161.7 million.

Separately, analysts at Zacks upgraded shares of Blue Capital Reinsurance Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $21.20 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.23.

Blue Capital Reinsurance Holdings Ltd is a reinsurance holding company. The Company focuses to offer collateralized reinsurance in the property catastrophe market.

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