Mariner LLC Trims Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

Mariner LLC cut its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 41.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,356 shares of the insurance provider's stock after selling 963 shares during the period. Mariner LLC's holdings in Enstar Group were worth $437,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ESGR. Barclays PLC boosted its holdings in Enstar Group by 319.2% in the third quarter. Barclays PLC now owns 19,524 shares of the insurance provider's stock valued at $6,278,000 after purchasing an additional 14,867 shares during the period. Tidal Investments LLC raised its position in Enstar Group by 15.6% in the 3rd quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider's stock valued at $738,000 after purchasing an additional 310 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Enstar Group by 52.8% in the 3rd quarter. Franklin Resources Inc. now owns 15,888 shares of the insurance provider's stock valued at $5,118,000 after buying an additional 5,489 shares during the period. JPMorgan Chase & Co. grew its position in shares of Enstar Group by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after buying an additional 2,498 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in shares of Enstar Group by 2.6% during the fourth quarter. Oliver Luxxe Assets LLC now owns 6,075 shares of the insurance provider's stock worth $1,956,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 81.01% of the company's stock.

Enstar Group Stock Down 0.1 %

NASDAQ:ESGR traded down $0.18 during trading hours on Tuesday, hitting $333.50. The company's stock had a trading volume of 72,968 shares, compared to its average volume of 99,052. Enstar Group Limited has a 52-week low of $291.90 and a 52-week 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 capitalization of $4.96 billion, a P/E ratio of 5.05 and a beta of 0.71. The stock has a fifty day moving average of $332.71 and a 200-day moving average of $328.25.

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

Insiders Place Their Bets

In other news, Director Hiteshkumar R. Patel sold 484 shares of the company'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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.