Lazard Asset Management LLC Lowers Holdings in Enstar Group Limited (NASDAQ:ESGR)

Lazard Asset Management LLC cut its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 36.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,843 shares of the insurance provider's stock after selling 2,236 shares during the quarter. Lazard Asset Management LLC's holdings in Enstar Group were worth $1,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Enstar Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock worth $374,067,000 after acquiring an additional 3,081 shares during the last quarter. Tudor Investment Corp ET AL grew its position in Enstar Group by 175.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock worth $83,177,000 after acquiring an additional 164,649 shares during the last quarter. FIL Ltd grew its position in Enstar Group by 6.2% during the 4th quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock worth $80,445,000 after acquiring an additional 14,475 shares during the last quarter. AQR Arbitrage LLC grew its position in Enstar Group by 21.1% during the 4th quarter. AQR Arbitrage LLC now owns 169,905 shares of the insurance provider's stock worth $54,718,000 after acquiring an additional 29,617 shares during the last quarter. Finally, Norges Bank bought a new position in Enstar Group during the 4th quarter worth approximately $42,516,000. 81.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Enstar Group Trading Up 0.0%

Shares of ESGR stock traded up $0.08 during trading hours on Friday, reaching $334.58. The company's stock had a trading volume of 86,878 shares, compared to its average volume of 101,271. The stock has a market capitalization of $4.99 billion, a P/E ratio of 5.06 and a beta of 0.71. Enstar Group Limited has a one year low of $291.90 and a one year high of $348.48. The firm's fifty day simple moving average is $333.43 and its 200 day simple moving average is $329.27. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Insider Transactions at Enstar Group

In other news, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total value of $135,938.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company's stock.

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.