SG Americas Securities LLC Takes Position in Enstar Group Limited (NASDAQ:ESGR)

SG Americas Securities LLC bought a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,634 shares of the insurance provider's stock, valued at approximately $875,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in Enstar Group during the fourth quarter worth $171,000. Wolverine Asset Management LLC grew its position in Enstar Group by 175.3% in the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock worth $1,370,000 after purchasing an additional 2,709 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings 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 purchasing an additional 1,744 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Enstar Group by 7.0% during the 4th quarter. Wells Fargo & Company MN now owns 12,331 shares of the insurance provider's stock worth $3,971,000 after purchasing an additional 805 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of Enstar Group by 15.3% during the first quarter. Wedge Capital Management L L P NC now owns 6,103 shares of the insurance provider's stock valued at $2,029,000 after buying an additional 808 shares during the last quarter. 81.01% of the stock is owned by institutional investors.

Enstar Group Stock Performance

Shares of NASDAQ:ESGR traded down $0.05 during trading on Friday, hitting $336.50. 167,536 shares of the stock were exchanged, compared to its average volume of 105,110. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 10.71 and a beta of 0.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.36 and a current ratio of 0.36. Enstar Group Limited has a 1-year low of $298.94 and a 1-year high of $348.48. The company's fifty day simple moving average is $334.78 and its 200-day simple moving average is $330.77.

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 on the stock.

Insider Buying and Selling

In related news, Director Hans-Peter Gerhardt sold 407 shares of the 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.00% of the stock is owned by company insiders.

Enstar Group Company 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.