Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Enstar Group Limited (NASDAQ:ESGR) by 43.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,257 shares of the insurance provider’s stock after purchasing an additional 380 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Enstar Group were worth $418,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Enstar Group during the 4th quarter worth about $171,000. Wealth Enhancement Advisory Services LLC boosted its position in Enstar Group by 3.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,838 shares of the insurance provider’s stock valued at $611,000 after acquiring an additional 59 shares in the last quarter. SG Americas Securities LLC purchased a new position in Enstar Group in the first quarter valued at about $875,000. Syquant Capital Sas grew its position in shares of Enstar Group by 336.7% in the 1st quarter. Syquant Capital Sas now owns 71,807 shares of the insurance provider’s stock worth $23,867,000 after buying an additional 55,365 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Enstar Group by 6.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider’s stock worth $9,036,000 after purchasing an additional 1,744 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on Enstar Group in a research report on Saturday, April 5th. They set a “hold” rating for the company.

Enstar Group Price Performance

Shares of NASDAQ ESGR opened at $337.91 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a fifty day moving average of $335.38 and a 200 day moving average of $331.59. The firm has a market cap of $5.04 billion, a PE ratio of 10.76 and a beta of 0.70. Enstar Group Limited has a one year low of $315.94 and a one year high of $348.48.

Insider Activity at Enstar Group

In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total transaction of $135,938.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.00% of the stock is owned by company insiders.

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.