First Manhattan Co. Increases Position in Enstar Group Ltd. (ESGR)

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First Manhattan Co. grew its stake in shares of Enstar Group Ltd. (NASDAQ:ESGR) by 119.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,114 shares of the insurance provider’s stock after buying an additional 4,409 shares during the period. First Manhattan Co.’s holdings in Enstar Group were worth $1,411,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. increased its position in shares of Enstar Group by 41.4% during the fourth quarter. Advisor Group Inc. now owns 280 shares of the insurance provider’s stock valued at $47,000 after buying an additional 82 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Enstar Group during the fourth quarter worth about $101,000. Bremer Trust National Association purchased a new position in shares of Enstar Group during the fourth quarter worth about $133,000. PNC Financial Services Group Inc. grew its holdings in shares of Enstar Group by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,071 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 68 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Enstar Group during the third quarter worth about $234,000. Hedge funds and other institutional investors own 71.46% of the company’s stock.

Several research analysts have recently commented on the company. BidaskClub raised Enstar Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. ValuEngine lowered Enstar Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th.

Shares of ESGR opened at $176.06 on Wednesday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 22.82 and a beta of 0.74. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. Enstar Group Ltd. has a 1 year low of $150.32 and a 1 year high of $223.45.

In other news, CFO Guy Thomas Anthony Bowker bought 1,500 shares of the business’s stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $160.52 per share, with a total value of $240,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Paul James O’shea bought 6,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $167.41 per share, with a total value of $1,004,460.00. Following the purchase, the president now owns 41,004 shares of the company’s stock, valued at $6,864,479.64. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 41,095 shares of company stock valued at $6,960,332. 10.00% of the stock is owned by insiders.

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About Enstar Group

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

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Institutional Ownership by Quarter for Enstar Group (NASDAQ:ESGR)

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