Diamond Hill Capital Management Inc. Reduces Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

Diamond Hill Capital Management Inc. lessened its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,627 shares of the insurance provider's stock after selling 15,830 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.60% of Enstar Group worth $29,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC bought a new position in Enstar Group in the third quarter worth $50,000. Key Financial Inc bought a new position in Enstar Group in the fourth quarter worth $52,000. US Bancorp DE raised its holdings in Enstar Group by 40.7% in the third quarter. US Bancorp DE now owns 211 shares of the insurance provider's stock worth $68,000 after purchasing an additional 61 shares in the last quarter. Vestcor Inc bought a new position in shares of Enstar Group during the fourth quarter valued at $96,000. Finally, KBC Group NV increased its holdings in shares of Enstar Group by 39.7% during the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 81.01% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Enstar Group in a report on Wednesday, March 12th. They set a "hold" rating for the company.

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Enstar Group Stock Down 0.2 %

Shares of NASDAQ:ESGR traded down $0.70 on Tuesday, hitting $332.00. 148,676 shares of the company traded hands, compared to its average volume of 86,762. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $329.34 and a 200-day simple moving average of $325.26. The company has a market cap of $4.94 billion, a PE ratio of 5.03 and a beta of 0.61.

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

Insider Activity at Enstar Group

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the firm's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the transaction, the director now directly owns 2,179 shares of the company's stock, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.00% of the stock is currently owned by insiders.

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.