Mariner LLC Sells 963 Shares of Enstar Group Limited (NASDAQ:ESGR)

Mariner LLC trimmed its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 41.5% in the fourth quarter, according to its most recent filing with the SEC. The fund 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 filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ESGR. Norges Bank acquired a new stake in shares of Enstar Group during the fourth quarter worth $42,516,000. Decagon Asset Management LLP bought a new stake in Enstar Group during the 4th quarter worth approximately $32,614,000. Picton Mahoney Asset Management grew its holdings in Enstar Group by 65.2% during the fourth quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider's stock worth $23,232,000 after buying an additional 28,476 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Enstar Group by 73.1% in the 4th quarter. JPMorgan Chase & Co. now owns 65,123 shares of the insurance provider's stock worth $20,973,000 after acquiring an additional 27,491 shares in the last quarter. Finally, Alpine Associates Management Inc. increased its stake in Enstar Group by 22.9% in the 4th quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider's stock valued at $30,104,000 after buying an additional 17,400 shares during the last quarter. Institutional investors and hedge funds own 81.01% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Enstar Group in a research report on Saturday, April 5th. They set a "hold" rating for the company.

Enstar Group Stock Performance

Shares of ESGR stock traded down $0.03 on Thursday, hitting $334.09. 1,130 shares of the stock were exchanged, compared to its average volume of 99,361. The firm has a market capitalization of $4.97 billion, a PE ratio of 5.06 and a beta of 0.71. Enstar Group Limited has a one year low of $291.90 and a one year 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 firm's 50 day moving average is $332.76 and its two-hundred day moving average is $328.33.

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

Insider Transactions at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the firm's 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 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.