Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 89.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 725 shares of the insurance provider's stock after selling 5,989 shares during the quarter. Sei Investments Co.'s holdings in Enstar Group were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ESGR. Quantbot Technologies LP purchased a new stake in Enstar Group during the fourth quarter worth about $171,000. JPMorgan Chase & Co. increased its stake in shares of Enstar Group by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after buying an additional 2,498 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in Enstar Group during the 4th quarter worth approximately $5,346,000. Wolverine Asset Management LLC increased its position in shares of Enstar Group by 175.3% in the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock valued at $1,370,000 after purchasing an additional 2,709 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Enstar Group by 6.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock valued at $9,036,000 after purchasing an additional 1,744 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Hiteshkumar R. Patel sold 484 shares of the firm'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 transaction of $160,770.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.00% of the company's stock.

Enstar Group Stock Up 0.0 %

Shares of NASDAQ ESGR traded up $0.10 during midday trading on Thursday, hitting $333.08. 18,548 shares of the company's stock were exchanged, compared to its average volume of 118,292. The firm's fifty day simple moving average is $331.93 and its 200-day simple moving average is $327.05. 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 $4.96 billion, a PE ratio of 5.04 and a beta of 0.56. Enstar Group Limited has a twelve month low of $276.32 and a twelve month high of $348.48.

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 for the quarter. The business had revenue of $240.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Enstar Group in a report on Saturday, April 5th. They issued a "hold" rating on the 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.