Sanctuary Advisors LLC Buys Shares of 1,684 Enstar Group Limited (NASDAQ:ESGR)

Sanctuary Advisors LLC purchased a new position in shares of Enstar Group Limited (NASDAQ:ESGR) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 1,684 shares of the insurance provider’s stock, valued at approximately $547,000.

Several other institutional investors have also modified their holdings of ESGR. Bank of New York Mellon Corp raised its holdings in Enstar Group by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 50,956 shares of the insurance provider’s stock worth $15,577,000 after purchasing an additional 5,827 shares during the last quarter. Mraz Amerine & Associates Inc. raised its stake in shares of Enstar Group by 0.5% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 103,462 shares of the insurance provider’s stock worth $31,628,000 after buying an additional 513 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Enstar Group by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 23,193 shares of the insurance provider’s stock worth $7,090,000 after buying an additional 624 shares in the last quarter. VELA Investment Management LLC grew its stake in Enstar Group by 110.0% in the 2nd quarter. VELA Investment Management LLC now owns 4,998 shares of the insurance provider’s stock valued at $1,528,000 after acquiring an additional 2,618 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Enstar Group by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Insiders Place Their Bets

In related news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now owns 2,179 shares in the company, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Enstar Group in a report on Sunday. They issued a “hold” rating on the stock.

Enstar Group Price Performance

Shares of NASDAQ:ESGR opened at $322.15 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The business’s fifty day moving average price is $324.25 and its two-hundred day moving average price is $321.92. The stock has a market cap of $4.91 billion, a PE ratio of 4.88 and a beta of 0.65. Enstar Group Limited has a one year low of $262.54 and a one year high of $348.48.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The business had revenue of $177.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

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.