Enstar Group Limited (NASDAQ:ESGR) Stake Trimmed by Advisory Research Inc.

Advisory Research Inc. lowered its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,402 shares of the insurance provider's stock after selling 7,351 shares during the quarter. Enstar Group makes up approximately 2.0% of Advisory Research Inc.'s holdings, making the stock its 16th biggest holding. Advisory Research Inc. owned approximately 0.25% of Enstar Group worth $12,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Enstar Group during the fourth quarter worth about $42,516,000. Decagon Asset Management LLP acquired a new stake in Enstar Group during the fourth quarter worth about $32,614,000. Marshall Wace LLP lifted its stake in shares of Enstar Group by 869.7% in the 4th quarter. Marshall Wace LLP now owns 45,574 shares of the insurance provider's stock valued at $14,677,000 after purchasing an additional 40,874 shares in the last quarter. Picton Mahoney Asset Management increased its position in Enstar Group by 65.2% during the 4th quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider's stock worth $23,232,000 after purchasing an additional 28,476 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Enstar Group by 73.1% during the fourth quarter. JPMorgan Chase & Co. now owns 65,123 shares of the insurance provider's stock valued at $20,973,000 after buying an additional 27,491 shares in the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Enstar Group Stock Up 0.2 %

ESGR traded up $0.79 during trading hours on Tuesday, reaching $334.42. 33,531 shares of the stock traded hands, compared to its average volume of 117,140. Enstar Group Limited has a fifty-two week low of $286.80 and a fifty-two week high of $348.48. 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 company has a market cap of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. The firm's fifty day simple moving average is $332.26 and its two-hundred day simple moving average is $327.41.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the business's 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.00% of the stock is 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.