UBS Group AG reduced its position in Enstar Group Ltd. (NASDAQ:ESGR) by 22.0% during the first quarter, HoldingsChannel reports. The firm owned 28,758 shares of the insurance provider’s stock after selling 8,097 shares during the period. UBS Group AG’s holdings in Enstar Group were worth $4,574,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in shares of Enstar Group by 35.2% in the 1st quarter. Bessemer Group Inc. now owns 21,501 shares of the insurance provider’s stock valued at $3,420,000 after purchasing an additional 5,600 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Enstar Group in the 1st quarter valued at $179,000. Envestnet Asset Management Inc. boosted its stake in shares of Enstar Group by 2.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,557 shares of the insurance provider’s stock valued at $566,000 after purchasing an additional 79 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Enstar Group in the 1st quarter valued at $159,000. Finally, Bailard Inc. bought a new stake in shares of Enstar Group in the 1st quarter valued at $239,000. 71.50% of the stock is currently owned by institutional investors.

In related news, Director Hans-Peter Gerhardt bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $123.50 per share, with a total value of $494,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.40% of the stock is owned by corporate insiders.

A number of research firms have recently commented on ESGR. BidaskClub lowered shares of Enstar Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 16th. TheStreet lowered shares of Enstar Group from a “b-” rating to a “c+” rating in a research note on Tuesday, March 17th. Finally, ValuEngine lowered shares of Enstar Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 24th.

Shares of NASDAQ ESGR opened at $135.87 on Friday. The firm has a market cap of $2.94 billion, a PE ratio of 131.91 and a beta of 0.54. Enstar Group Ltd. has a 12-month low of $94.58 and a 12-month high of $213.99. The company’s fifty day simple moving average is $144.69 and its 200 day simple moving average is $180.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.41.

Enstar Group (NASDAQ:ESGR) last issued its earnings results on Thursday, February 27th. The insurance provider reported $9.83 earnings per share (EPS) for the quarter. The business had revenue of $380.57 million for the quarter. Enstar Group had a net margin of 36.46% and a return on equity of 0.96%.

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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