Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in Enstar Group Limited (NASDAQ:ESGR) by 6.7% during the fourth quarter, Holdings Channel reports. The firm owned 758,159 shares of the insurance provider’s stock after selling 54,094 shares during the period. Dimensional Fund Advisors LP’s holdings in Enstar Group were worth $244,166,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Key Financial Inc acquired a new position in Enstar Group in the fourth quarter valued at $52,000. NewEdge Advisors LLC lifted its stake in shares of Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 31 shares in the last quarter. Vestcor Inc purchased a new stake in shares of Enstar Group during the 4th quarter worth about $96,000. Sterling Capital Management LLC increased its position in Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock worth $131,000 after purchasing an additional 363 shares in the last quarter. Finally, KBC Group NV raised its holdings in Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after buying an additional 137 shares during the period. 81.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.00% of the company’s stock.

Enstar Group Stock Down 0.1 %

Shares of NASDAQ ESGR opened at $333.63 on Tuesday. The stock has a fifty day moving average price of $332.26 and a 200 day moving average price of $327.41. The company has a market cap of $4.97 billion, a P/E ratio of 5.05 and a beta of 0.56. Enstar Group Limited has a 12-month low of $286.80 and a 12-month high of $348.48. 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 (NASDAQ:ESGR) last announced 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.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research note on Saturday, April 5th. They set a “hold” rating for the company.

About Enstar Group

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.