Enstar Group Limited (NASDAQ:ESGR) is Beck Mack & Oliver LLC's 9th Largest Position

Beck Mack & Oliver LLC lessened its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 546,843 shares of the insurance provider's stock after selling 26,795 shares during the quarter. Enstar Group makes up approximately 3.3% of Beck Mack & Oliver LLC's investment portfolio, making the stock its 9th largest holding. Beck Mack & Oliver LLC owned approximately 3.59% of Enstar Group worth $176,111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Enstar Group during the 4th quarter valued at about $171,000. JPMorgan Chase & Co. lifted its stake in Enstar Group by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock valued at $12,102,000 after buying an additional 2,498 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Enstar Group during the 4th quarter worth approximately $5,346,000. Wolverine Asset Management LLC grew its position in shares of Enstar Group by 175.3% during the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock worth $1,370,000 after buying an additional 2,709 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Enstar Group by 6.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock worth $9,036,000 after buying an additional 1,744 shares during the period. Institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Saturday, April 5th. They set a "hold" rating on the stock.

Insider Activity at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the firm's 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 legal filing with the SEC, which is available at this hyperlink. 8.00% of the stock is currently owned by insiders.

Enstar Group Stock Down 0.1 %

Shares of ESGR stock traded down $0.21 on Thursday, reaching $333.95. 17,262 shares of the company were exchanged, compared to its average volume of 97,335. Enstar Group Limited has a one year low of $286.80 and a one year high of $348.48. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. The company has a 50-day moving average of $332.40 and a 200-day moving average of $327.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The business had revenue of $240.00 million for the quarter.

About Enstar Group

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.