Capital Returns Management, LLC Buys Watford Holdings, Alleghany Corp, Employers Holdings Inc, Sells FedNat Holding Co, Assured Guaranty, Markel Corp

• New Purchases: WTRE, Y, EIG,
• Added Positions: AIG, WLTW, PTVCB, HIIQ,
• Reduced Positions: FNHC, AGO, MKL, AJG, VOYA, LNC,
• Sold Out: GBLI,

For the details of Capital Returns Management, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/capital+returns+management%2C+llc/current-portfolio/portfolio

1. FedNat Holding Co (FNHC) - 385,445 shares, 12.81% of the total portfolio. Shares reduced by 48.45%
2. Watford Holdings Ltd (WTRE) - 220,467 shares, 11.08% of the total portfolio. New Position
3. American International Group Inc (AIG) - 88,650 shares, 9.09% of the total portfolio. Shares added by 29.13%
4. Arthur J. Gallagher & Co (AJG) - 47,040 shares, 8.95% of the total portfolio. Shares reduced by 25.26%
5. Health Insurance Innovations Inc (HIIQ) - 224,400 shares, 8.65% of the total portfolio. Shares added by 6.63%

Capital Returns Management, LLC initiated holding in Watford Holdings Ltd. The purchase prices were between $25.01 and $28.43, with an estimated average price of $26.59. The stock is now traded at around $22.93. The impact to a portfolio due to this purchase was 11.08%. The holding were 220,467 shares as of .

Capital Returns Management, LLC initiated holding in Alleghany Corp. The purchase prices were between $745.23 and $802.01, with an estimated average price of $781.34. The stock is now traded at around $825.22. The impact to a portfolio due to this purchase was 4.95%. The holding were 3,100 shares as of .

Capital Returns Management, LLC initiated holding in Employers Holdings Inc. The purchase prices were between $41.12 and $43.86, with an estimated average price of $42.44. The stock is now traded at around $44.32. The impact to a portfolio due to this purchase was 4.7%. The holding were 56,326 shares as of .

Capital Returns Management, LLC added to a holding in American International Group Inc by 29.13%. The purchase prices were between $50.41 and $55.91, with an estimated average price of $52.93. The stock is now traded at around $48.48. The impact to a portfolio due to this purchase was 2.05%. The holding were 88,650 shares as of .

Capital Returns Management, LLC added to a holding in Willis Towers Watson PLC by 30.83%. The purchase prices were between $183.38 and $205.64, with an estimated average price of $191.93. The stock is now traded at around $213.67. The impact to a portfolio due to this purchase was 2.02%. The holding were 21,220 shares as of .

Capital Returns Management, LLC added to a holding in Protective Insurance Corp by 56.29%. The purchase prices were between $15.91 and $17.19, with an estimated average price of $16.29. The stock is now traded at around $15.91. The impact to a portfolio due to this purchase was 1.09%. The holding were 93,901 shares as of .

Capital Returns Management, LLC sold out a holding in Global Indemnity Ltd. The sale prices were between $24.1 and $29.63, with an estimated average price of $26.68.