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Blue Capital Reinsurance Holdings (NASDAQ:BCRH) major shareholder Re Holdings Ltd Montpelier purchased 16,400 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $18.93 per share, with a total value of $310,452.00. Following the acquisition, the insider now directly owns 2,800 shares in the company, valued at approximately $53,004. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Blue Capital Reinsurance Holdings (NASDAQ:BCRH) traded up 1.01% on Friday, hitting $19.01. The stock had a trading volume of 13,701 shares. Blue Capital Reinsurance Holdings has a 52 week low of $16.46 and a 52 week high of $21.02. The stock’s 50-day moving average is $19.17 and its 200-day moving average is $18.01. The company’s market cap is $166.3 million.

Separately, analysts at Zacks downgraded shares of Blue Capital Reinsurance Holdings from an “outperform” rating to an “underperform” rating in a research note on Thursday. They now have a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.17.

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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