Enstar Group Ltd. (ESGR) Holdings Cut by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. trimmed its position in Enstar Group Ltd. (NASDAQ:ESGR) by 14.3% in the first quarter, HoldingsChannel reports. The firm owned 10,543 shares of the insurance provider’s stock after selling 1,761 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Enstar Group were worth $1,834,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in Enstar Group by 6.8% in the 4th 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. Advisor Group Inc. boosted its stake in Enstar Group by 41.4% in the fourth quarter. Advisor Group Inc. now owns 280 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 82 shares during the last quarter. Prudential Financial Inc. boosted its stake in Enstar Group by 6.5% in the fourth quarter. Prudential Financial Inc. now owns 1,402 shares of the insurance provider’s stock valued at $235,000 after acquiring an additional 86 shares during the last quarter. Bank of Montreal Can boosted its stake in Enstar Group by 10.1% in the fourth quarter. Bank of Montreal Can now owns 1,948 shares of the insurance provider’s stock valued at $327,000 after acquiring an additional 178 shares during the last quarter. Finally, United Services Automobile Association boosted its stake in Enstar Group by 8.4% in the fourth quarter. United Services Automobile Association now owns 2,408 shares of the insurance provider’s stock valued at $404,000 after acquiring an additional 186 shares during the last quarter. 71.46% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on ESGR. BidaskClub upgraded shares of Enstar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. ValuEngine cut shares of Enstar Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th.

ESGR traded down $1.03 during midday trading on Monday, reaching $174.86. The company had a trading volume of 181 shares, compared to its average volume of 44,459. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 23.01 and a beta of 0.74. Enstar Group Ltd. has a 12-month low of $150.32 and a 12-month high of $223.45.

In other Enstar Group news, President Paul James O’shea purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $167.41 per share, for a total transaction of $1,004,460.00. Following the purchase, the president now owns 41,004 shares of the company’s stock, valued at approximately $6,864,479.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Orla Gregory purchased 5,820 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $171.25 per share, for a total transaction of $996,675.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 41,095 shares of company stock worth $6,960,332. Corporate insiders own 10.00% of the company’s stock.

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Enstar Group Profile

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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