Rhumbline Advisers Cuts Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

Rhumbline Advisers trimmed its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 7.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,336 shares of the insurance provider’s stock after selling 1,634 shares during the period. Rhumbline Advisers owned 0.14% of Enstar Group worth $7,092,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ESGR. NewEdge Advisors LLC boosted its stake in shares of Enstar Group by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 31 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Enstar Group by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider’s stock valued at $427,000 after buying an additional 42 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enstar Group by 2.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the insurance provider’s stock valued at $573,000 after purchasing an additional 43 shares in the last quarter. Xponance Inc. raised its stake in shares of Enstar Group by 9.5% during the 4th quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock worth $293,000 after acquiring an additional 79 shares in the last quarter. Finally, Swiss National Bank increased its stake in Enstar Group by 0.4% during the 4th quarter. Swiss National Bank now owns 23,900 shares of the insurance provider’s stock valued at $7,697,000 after purchasing an additional 100 shares in the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Enstar Group in a report on Saturday, April 5th. They issued a “hold” rating on the stock.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $335.70 on Thursday. Enstar Group Limited has a twelve month low of $291.90 and a twelve month high of $348.48. The company has a market cap of $5.01 billion, a P/E ratio of 5.08 and a beta of 0.71. The company’s 50-day moving average price is $334.19 and its 200-day moving average price is $330.22. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.

Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.