Convergence Financial LLC Buys New Shares in Enstar Group Limited (NASDAQ:ESGR)

Convergence Financial LLC bought a new stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 794 shares of the insurance provider's stock, valued at approximately $264,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Enstar Group by 521.9% during the 1st quarter. Blue Trust Inc. now owns 199 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 167 shares during the last quarter. NewEdge Advisors LLC grew its holdings 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 valued at $68,000 after purchasing an additional 31 shares during the last quarter. Vestcor Inc bought a new stake in Enstar Group in the 4th quarter worth $96,000. Sterling Capital Management LLC grew its holdings in Enstar Group by 825.0% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock worth $131,000 after acquiring an additional 363 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Enstar Group in the 4th quarter worth $171,000. Institutional investors own 81.01% of the company's stock.

Insiders Place Their Bets

In other news, 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 value of $135,938.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.00% of the company's stock.

Enstar Group Price Performance

Shares of Enstar Group stock opened at $336.03 on Monday. The firm has a market cap of $5.01 billion, a PE ratio of 10.70 and a beta of 0.71. Enstar Group Limited has a 12-month low of $305.81 and a 12-month high of $348.48. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. The company's fifty day simple moving average is $335.02 and its two-hundred day simple moving average is $331.16.

Analyst Upgrades and Downgrades

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

Enstar Group 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.

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