Wedge Capital Management L L P NC Buys 808 Shares of Enstar Group Limited (NASDAQ:ESGR)

Wedge Capital Management L L P NC raised its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 15.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,103 shares of the insurance provider's stock after purchasing an additional 808 shares during the quarter. Wedge Capital Management L L P NC's holdings in Enstar Group were worth $2,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ESGR. Key Financial Inc bought a new stake in shares of Enstar Group in the fourth quarter valued at approximately $52,000. NewEdge Advisors LLC grew its stake in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after buying an additional 31 shares in the last quarter. Vestcor Inc bought a new stake in Enstar Group during the 4th quarter valued at $96,000. Sterling Capital Management LLC raised its holdings in Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after acquiring an additional 363 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Enstar Group during the fourth quarter worth $171,000. Institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

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

Enstar Group Price Performance

Shares of ESGR traded up $0.14 during midday trading on Thursday, hitting $335.84. 91,948 shares of the company traded hands, compared to its average volume of 104,231. Enstar Group Limited has a one year low of $291.90 and a one year high of $348.48. The firm has a market cap of $5.01 billion, a P/E ratio of 5.08 and a beta of 0.71. 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 stock has a 50-day moving average of $334.31 and a 200-day moving average of $330.29.

Insider Transactions at Enstar Group

In related news, Director Hans-Peter Gerhardt sold 407 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total transaction of $135,938.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hiteshkumar R. Patel sold 484 shares of the company's stock in a transaction dated 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. Insiders own 8.00% of the company's 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.