RFG Advisory LLC Invests $3.48 Million in Enstar Group Ltd. (ESGR)

RFG Advisory LLC acquired a new position in Enstar Group Ltd. (NASDAQ:ESGR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,890 shares of the insurance provider’s stock, valued at approximately $3,481,000. Enstar Group makes up 0.9% of RFG Advisory LLC’s investment portfolio, making the stock its 24th largest position.

Several other large investors also recently bought and sold shares of ESGR. Vanguard Group Inc boosted its holdings in Enstar Group by 7.2% in the 3rd quarter. Vanguard Group Inc now owns 937,209 shares of the insurance provider’s stock worth $195,408,000 after buying an additional 63,170 shares during the period. Vanguard Group Inc. boosted its holdings in Enstar Group by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 937,209 shares of the insurance provider’s stock worth $195,408,000 after buying an additional 63,170 shares during the period. BlackRock Inc. boosted its holdings in Enstar Group by 3.9% in the 4th quarter. BlackRock Inc. now owns 892,089 shares of the insurance provider’s stock worth $149,488,000 after buying an additional 33,496 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Enstar Group by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 377,392 shares of the insurance provider’s stock worth $63,239,000 after buying an additional 17,276 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Enstar Group by 5.3% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 292,714 shares of the insurance provider’s stock worth $49,050,000 after buying an additional 14,854 shares during the period. Hedge funds and other institutional investors own 71.48% of the company’s stock.

In related news, President Paul James O’shea acquired 6,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $167.41 per share, with a total value of $1,004,460.00. Following the acquisition, the president now directly owns 41,004 shares of the company’s stock, valued at $6,864,479.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Guy Thomas Anthony Bowker acquired 1,500 shares of the company’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $160.52 per share, with a total value of $240,780.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,095 shares of company stock valued at $6,960,332 in the last three months. Insiders own 10.00% of the company’s stock.

Several brokerages recently weighed in on ESGR. ValuEngine downgraded shares of Enstar Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. BidaskClub downgraded shares of Enstar Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th.

Shares of ESGR traded down $0.50 during midday trading on Friday, hitting $174.81. 3,765 shares of the company traded hands, compared to its average volume of 43,274. Enstar Group Ltd. has a 52 week low of $150.32 and a 52 week high of $223.45. The company has a market capitalization of $3.80 billion, a PE ratio of 23.05 and a beta of 0.74. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25.

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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.

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

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