Rhumbline Advisers Sells 1,634 Shares of Enstar Group Limited (NASDAQ:ESGR)

Rhumbline Advisers lowered its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 7.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,336 shares of the insurance provider's stock after selling 1,634 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Enstar Group worth $7,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESGR. Vanguard Group Inc. grew its position in shares of 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 buying an additional 3,081 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of Enstar Group by 175.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock worth $83,177,000 after purchasing an additional 164,649 shares during the last quarter. FIL Ltd raised its position in shares of Enstar Group by 6.2% in the 4th quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock valued at $80,445,000 after acquiring an additional 14,475 shares during the period. AQR Arbitrage LLC boosted its stake 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 acquired a new position in Enstar Group during the fourth quarter valued at approximately $42,516,000. Institutional investors and hedge funds own 81.01% of the company's stock.

Insider Buying and Selling at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group 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 disclosure for this sale can be found here. Insiders own 8.00% of the company's stock.

Enstar Group Trading Up 0.0%

Shares of Enstar Group stock traded up $0.14 during trading hours on Thursday, hitting $335.84. The company's stock had a trading volume of 91,948 shares, compared to its average volume of 104,231. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $5.01 billion, a PE ratio of 5.08 and a beta of 0.71. The stock has a 50 day moving average of $334.19 and a 200 day moving average of $330.22.

Wall Street Analyst Weigh In

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