Parametric Portfolio Associates LLC Decreases Stake in Enstar Group Ltd. (NASDAQ:ESGR)

Parametric Portfolio Associates LLC lowered its holdings in Enstar Group Ltd. (NASDAQ:ESGR) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,135 shares of the insurance provider’s stock after selling 871 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Enstar Group were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ESGR. Norges Bank purchased a new position in shares of Enstar Group in the fourth quarter worth $27,012,000. Thrivent Financial for Lutherans purchased a new position in shares of Enstar Group in the fourth quarter worth $25,495,000. Advisory Research Inc. raised its stake in shares of Enstar Group by 57.2% in the first quarter. Advisory Research Inc. now owns 241,954 shares of the insurance provider’s stock worth $38,483,000 after purchasing an additional 88,069 shares during the last quarter. Comerica Bank increased its position in Enstar Group by 46.9% during the first quarter. Comerica Bank now owns 63,512 shares of the insurance provider’s stock valued at $8,832,000 after acquiring an additional 20,276 shares during the last quarter. Finally, Natixis Advisors L.P. increased its position in Enstar Group by 89.9% during the first quarter. Natixis Advisors L.P. now owns 34,179 shares of the insurance provider’s stock valued at $5,436,000 after acquiring an additional 16,176 shares during the last quarter. Hedge funds and other institutional investors own 69.42% of the company’s stock.

Enstar Group stock opened at $152.91 on Wednesday. The stock has a market cap of $3.27 billion, a PE ratio of 148.46 and a beta of 0.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 0.89. Enstar Group Ltd. has a one year low of $94.58 and a one year high of $213.99. The stock has a fifty day moving average of $147.38 and a 200 day moving average of $170.79.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($15.60) EPS for the quarter. The firm had revenue of $365.71 million for the quarter. Enstar Group had a net margin of 36.46% and a return on equity of 0.96%.

ESGR has been the subject of a number of research reports. BidaskClub upgraded Enstar Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. ValuEngine cut Enstar Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 24th. Finally, TheStreet cut Enstar Group from a “b-” rating to a “c+” rating in a research report on Tuesday, March 17th.

In related news, Director Hans-Peter Gerhardt purchased 4,000 shares of Enstar Group stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $123.50 per share, for a total transaction of $494,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.80% of the company’s stock.

About Enstar Group

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.

See Also: How is the discount rate different from the Federal Funds rate?

Want to see what other hedge funds are holding ESGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enstar Group Ltd. (NASDAQ:ESGR).

Institutional Ownership by Quarter for Enstar Group (NASDAQ:ESGR)

Receive News & Ratings for Enstar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enstar Group and related companies with MarketBeat.com's FREE daily email newsletter.