Woodline Partners LP Sells 14,792 Shares of Enstar Group Limited (NASDAQ:ESGR)

Woodline Partners LP decreased its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,208 shares of the insurance provider's stock after selling 14,792 shares during the period. Woodline Partners LP owned 0.43% of Enstar Group worth $21,000,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Enstar Group in the fourth quarter worth $171,000. Tokio Marine Asset Management Co. Ltd. bought a new position in Enstar Group in the 4th quarter worth $5,346,000. Wolverine Asset Management LLC increased its stake 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 buying an additional 2,709 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Enstar Group by 6.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock worth $9,036,000 after buying an additional 1,744 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Enstar Group by 7.0% during the fourth quarter. Wells Fargo & Company MN now owns 12,331 shares of the insurance provider's stock valued at $3,971,000 after acquiring an additional 805 shares during the period. Hedge funds and other institutional investors own 81.01% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Enstar Group in a research note on Saturday, April 5th. They issued a "hold" rating for the company.

Enstar Group Stock Up 0.1%

NASDAQ ESGR opened at $335.04 on Wednesday. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a market cap of $4.99 billion, a PE ratio of 5.07 and a beta of 0.71. The stock's 50 day moving average is $333.27 and its 200 day moving average is $329.01.

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

Insider Activity at Enstar Group

In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of the business's 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.

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.

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