Diamond Hill Capital Management Inc. Sells 15,830 Shares of Enstar Group Limited (NASDAQ:ESGR)

Diamond Hill Capital Management Inc. decreased its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,627 shares of the insurance provider’s stock after selling 15,830 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.60% of Enstar Group worth $29,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in Enstar Group by 0.3% during the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock worth $115,101,000 after acquiring an additional 1,130 shares during the period. Glazer Capital LLC bought a new position in shares of Enstar Group during the third quarter valued at about $59,941,000. Alpine Associates Management Inc. grew its holdings in Enstar Group by 22.9% in the 4th quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider’s stock worth $30,104,000 after acquiring an additional 17,400 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after acquiring an additional 2,498 shares during the last quarter. Finally, Slotnik Capital LLC bought a new stake in Enstar Group in the 3rd quarter worth $10,291,000. Institutional investors own 81.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Enstar Group in a research note on Wednesday. They issued a “hold” rating for the company.

Insider Activity at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of the company’s stock in a transaction that occurred on 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 represents a 4.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.00% of the stock is currently owned by insiders.

Enstar Group Stock Performance

Shares of Enstar Group stock opened at $332.18 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $4.94 billion, a P/E ratio of 5.03 and a beta of 0.61. The business has a fifty day simple moving average of $328.96 and a two-hundred day simple moving average of $325.12. Enstar Group Limited has a 12 month low of $275.02 and a 12 month high of $348.48.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The business had revenue of $240.00 million for the quarter.

Enstar Group Company 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.