Beck Mack & Oliver LLC Has $176.11 Million Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

Beck Mack & Oliver LLC lowered its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 546,843 shares of the insurance provider's stock after selling 26,795 shares during the period. Enstar Group comprises 3.3% of Beck Mack & Oliver LLC's holdings, making the stock its 9th biggest holding. Beck Mack & Oliver LLC owned about 3.59% of Enstar Group worth $176,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Key Financial Inc purchased a new position in Enstar Group in the 4th quarter worth about $52,000. NewEdge Advisors LLC increased its position in shares of 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 acquiring an additional 31 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Enstar Group during the fourth quarter valued at approximately $96,000. Sterling Capital Management LLC lifted its position in shares of 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 in the last quarter. Finally, KBC Group NV boosted its stake in Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after purchasing an additional 137 shares during the period. 81.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Enstar Group Stock Down 0.1 %

ESGR traded down $0.31 during trading on Wednesday, reaching $334.15. 85,115 shares of the stock traded hands, compared to its average volume of 97,395. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group Limited has a fifty-two week low of $286.80 and a fifty-two week high of $348.48. The stock's 50-day simple moving average is $332.34 and its two-hundred day simple moving average is $327.46. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued 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 during the quarter.

About Enstar Group

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.