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

Rhumbline Advisers reduced its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 7.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 21,336 shares of the insurance provider's stock after selling 1,634 shares during the period. Rhumbline Advisers owned about 0.14% of Enstar Group worth $7,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESGR. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Enstar Group by 484.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 877 shares of the insurance provider's stock worth $282,000 after acquiring an additional 727 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Enstar Group by 6.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 6,482 shares of the insurance provider's stock worth $2,088,000 after acquiring an additional 372 shares during the last quarter. Key Financial Inc bought a new stake in shares of Enstar Group during the 4th quarter worth approximately $52,000. Wolverine Asset Management LLC lifted its stake 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 acquiring an additional 2,709 shares during the last quarter. Finally, Olympiad Research LP bought a new stake in shares of Enstar Group during the 4th quarter worth approximately $1,496,000. 81.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Enstar Group Stock Down 0.1%

NASDAQ ESGR traded down $0.42 on Friday, reaching $335.42. 118,833 shares of the stock traded hands, compared to its average volume of 104,785. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The company has a fifty day moving average price of $334.38 and a 200-day moving average price of $330.39. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 5.08 and a beta of 0.71. Enstar Group Limited has a 12 month low of $298.00 and a 12 month high of $348.48.

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.