Capital Returns Management, LLC Buys Arthur J. Gallagher, Health Insurance Innovations Inc, Markel Corp, Sells EMC Insurance Group Inc, Athene Holding, Assurant Inc

• New Purchases: FG, HIG, PRI, ACGL, JRVR, PRA, MET,
• Added Positions: AJG, HIIQ, MKL, AGO, AXS,
• Reduced Positions: AIG, ORI, VOYA, PRU, WLTW, GBLI, LNC, AON, AMP,
• Sold Out: EMCI, ATH, AIZ, AEL, RDN, RNR, AFG, MTG,

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. Assured Guaranty Ltd (AGO) - 568,694 shares, 13.62% of the total portfolio. Shares added by 22.11%
2. Markel Corp (MKL) - 15,161 shares, 9.40% of the total portfolio. Shares added by 45.61%
3. Willis Towers Watson PLC (WLTW) - 82,879 shares, 9.04% of the total portfolio. Shares reduced by 4.92%
4. Axis Capital Holdings Ltd (AXS) - 247,050 shares, 8.39% of the total portfolio. Shares added by 17.78%
5. Prudential Financial Inc (PRU) - 141,305 shares, 8.13% of the total portfolio. Shares reduced by 9.65%

Capital Returns Management, LLC initiated holding in FGL Holdings. The purchase prices were between $7.95 and $8.88, with an estimated average price of $8.39. The stock is now traded at around $8.02. The impact to a portfolio due to this purchase was 2.15%. The holding were 450,000 shares as of .

Capital Returns Management, LLC initiated holding in The Hartford Financial Services Group Inc. The purchase prices were between $49.51 and $56.03, with an estimated average price of $52.78. The stock is now traded at around $60.36. The impact to a portfolio due to this purchase was 0.3%. The holding were 9,346 shares as of .

Capital Returns Management, LLC initiated holding in Primerica Inc. The purchase prices were between $114.86 and $131.56, with an estimated average price of $123.79. The stock is now traded at around $123.31. The impact to a portfolio due to this purchase was 0.26%. The holding were 3,738 shares as of .

Capital Returns Management, LLC initiated holding in James River Group Holdings Ltd. The purchase prices were between $37.52 and $47.16, with an estimated average price of $43.47. The stock is now traded at around $49.42. The impact to a portfolio due to this purchase was 0.23%. The holding were 8,566 shares as of .

Capital Returns Management, LLC initiated holding in Arch Capital Group Ltd. The purchase prices were between $32.11 and $37.08, with an estimated average price of $34.09. The stock is now traded at around $40.74. The impact to a portfolio due to this purchase was 0.23%. The holding were 10,903 shares as of .

Capital Returns Management, LLC initiated holding in ProAssurance Corp. The purchase prices were between $34.71 and $39.92, with an estimated average price of $37.18. The stock is now traded at around $40.17. The impact to a portfolio due to this purchase was 0.21%. The holding were 10,281 shares as of .

Capital Returns Management, LLC added to a holding in Arthur J. Gallagher & Co by 95.48%. The purchase prices were between $77.96 and $87.82, with an estimated average price of $83.4. The stock is now traded at around $89.07. The impact to a portfolio due to this purchase was 3.74%. The holding were 153,550 shares as of .

Capital Returns Management, LLC added to a holding in Health Insurance Innovations Inc by 148.17%. The purchase prices were between $18.86 and $30.5, with an estimated average price of $25.11. The stock is now traded at around $21.24. The impact to a portfolio due to this purchase was 3.59%. The holding were 406,966 shares as of .

Capital Returns Management, LLC added to a holding in Markel Corp by 45.61%. The purchase prices were between $978.74 and $1095.88, with an estimated average price of $1047.6. The stock is now traded at around $1176.60. The impact to a portfolio due to this purchase was 2.94%. The holding were 15,161 shares as of .

Capital Returns Management, LLC added to a holding in Assured Guaranty Ltd by 22.11%. The purchase prices were between $40.87 and $47.7, with an estimated average price of $44.11. The stock is now traded at around $45.34. The impact to a portfolio due to this purchase was 2.47%. The holding were 568,694 shares as of .

Capital Returns Management, LLC sold out a holding in EMC Insurance Group Inc. The sale prices were between $31.5 and $36.23, with an estimated average price of $34.31.

Capital Returns Management, LLC sold out a holding in Athene Holding Ltd. The sale prices were between $40.65 and $45.85, with an estimated average price of $43.22.

Capital Returns Management, LLC sold out a holding in Assurant Inc. The sale prices were between $91.99 and $107.71, with an estimated average price of $98.77.

Capital Returns Management, LLC sold out a holding in American Equity Investment Life Holding Co. The sale prices were between $25.98 and $30.75, with an estimated average price of $28.63.

Capital Returns Management, LLC sold out a holding in Radian Group Inc. The sale prices were between $21.31 and $23.88, with an estimated average price of $22.8.

Capital Returns Management, LLC sold out a holding in RenaissanceRe Holdings Ltd. The sale prices were between $142.99 and $182.93, with an estimated average price of $164.33.

Capital Returns Management, LLC reduced to a holding in American International Group Inc by 42.65%. The sale prices were between $43.55 and $54.25, with an estimated average price of $49.81. The stock is now traded at around $56.55. The impact to a portfolio due to this sale was -3.69%. Capital Returns Management, LLC still held 215,135 shares as of .

Capital Returns Management, LLC reduced to a holding in Old Republic International Corp by 40.59%. The sale prices were between $20.63 and $22.93, with an estimated average price of $22. The stock is now traded at around $22.85. The impact to a portfolio due to this sale was -1.34%. Capital Returns Management, LLC still held 175,673 shares as of .

Capital Returns Management, LLC reduced to a holding in Aon PLC by 33.33%. The sale prices were between $172 and $193.52, with an estimated average price of $181.07. The stock is now traded at around $192.42. The impact to a portfolio due to this sale was -0.06%. Capital Returns Management, LLC still held 1,246 shares as of .