Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 7.1% in the 1st quarter, Holdings Channel reports. The firm owned 21,336 shares of the insurance provider’s stock after selling 1,634 shares during the quarter. Rhumbline Advisers’ holdings in Enstar Group were worth $7,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Key Financial Inc bought a new position in shares of Enstar Group during the fourth quarter worth about $52,000. NewEdge Advisors LLC lifted its holdings in Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 31 shares during the period. Vestcor Inc acquired a new stake in Enstar Group in the 4th quarter valued at about $96,000. Sterling Capital Management LLC lifted its holdings in Enstar Group by 825.0% in 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 last quarter. Finally, Quantbot Technologies LP acquired a new stake in Enstar Group in the 4th quarter valued at about $171,000. Institutional investors own 81.01% of the company’s stock.

Insider Activity at Enstar Group

In other news, Director Hans-Peter Gerhardt sold 407 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total transaction of $135,938.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of the business’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 disclosure for this sale can be found here. 8.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on shares of Enstar Group in a research note on Saturday, April 5th. They set a “hold” rating for the company.

Enstar Group Stock Up 0.0%

ESGR opened at $335.70 on Thursday. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 5.08 and a beta of 0.71. Enstar Group Limited has a 1-year low of $291.90 and a 1-year high of $348.48. The business has a 50 day moving average of $334.19 and a 200-day moving average of $330.22. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

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.