Enstar Group Limited (NASDAQ:ESGR) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 15.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,103 shares of the insurance provider’s stock after acquiring an additional 808 shares during the period. Wedge Capital Management L L P NC’s holdings in Enstar Group were worth $2,029,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in Enstar Group by 33,137.6% during the 1st quarter. GAMMA Investing LLC now owns 38,888 shares of the insurance provider’s stock worth $12,926,000 after acquiring an additional 38,771 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Enstar Group by 2.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the insurance provider’s stock worth $573,000 after buying an additional 43 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Enstar Group in the 4th quarter valued at $354,000. Credit Industriel ET Commercial purchased a new stake in Enstar Group in the 4th quarter valued at $5,383,000. Finally, Public Employees Retirement System of Ohio raised its position in Enstar Group by 104.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 18,307 shares of the insurance provider’s stock valued at $5,896,000 after purchasing an additional 9,335 shares during the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Hans-Peter Gerhardt sold 407 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on shares of Enstar Group in a research report on Saturday, April 5th. They set a “hold” rating for the company.

Enstar Group Price Performance

Shares of NASDAQ ESGR opened at $335.54 on Wednesday. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 5.08 and a beta of 0.71. Enstar Group Limited has a 52 week low of $291.90 and a 52 week high of $348.48. The company’s 50-day moving average price is $334.13 and its 200 day moving average price is $330.18. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

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.