Beck Mack & Oliver LLC Has $125.65 Million Holdings in Enstar Group Ltd. (ESGR)

Beck Mack & Oliver LLC lowered its stake in Enstar Group Ltd. (NASDAQ:ESGR) by 0.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 722,128 shares of the insurance provider’s stock after selling 1,521 shares during the period. Enstar Group makes up approximately 4.5% of Beck Mack & Oliver LLC’s holdings, making the stock its 3rd biggest position. Beck Mack & Oliver LLC’s holdings in Enstar Group were worth $125,650,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc lifted its position in shares of Enstar Group by 7.2% during the 3rd quarter. Vanguard Group Inc now owns 937,209 shares of the insurance provider’s stock worth $195,408,000 after purchasing an additional 63,170 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Enstar Group by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 937,209 shares of the insurance provider’s stock worth $195,408,000 after purchasing an additional 63,170 shares during the last quarter. BlackRock Inc. lifted its position in shares of Enstar Group by 3.9% during the 4th quarter. BlackRock Inc. now owns 892,089 shares of the insurance provider’s stock worth $149,488,000 after purchasing an additional 33,496 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Enstar Group by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 377,392 shares of the insurance provider’s stock worth $63,239,000 after purchasing an additional 17,276 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of Enstar Group by 5.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 292,714 shares of the insurance provider’s stock worth $49,050,000 after purchasing an additional 14,854 shares during the last quarter. 71.43% of the stock is owned by institutional investors.

In other news, CFO Guy Thomas Anthony Bowker purchased 1,500 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of $160.52 per share, for a total transaction of $240,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Paul James O’shea purchased 6,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $167.41 per share, for a total transaction of $1,004,460.00. Following the completion of the purchase, the president now directly owns 41,004 shares of the company’s stock, valued at $6,864,479.64. The disclosure for this purchase can be found here. Insiders have purchased 41,095 shares of company stock worth $6,960,332 over the last 90 days. Corporate insiders own 10.00% of the company’s stock.

Shares of ESGR opened at $179.30 on Tuesday. Enstar Group Ltd. has a 12-month low of $150.32 and a 12-month high of $223.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $3.84 billion, a P/E ratio of 23.32 and a beta of 0.73.

Several research firms recently weighed in on ESGR. BidaskClub cut Enstar Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. ValuEngine lowered Enstar Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.thelincolnianonline.com/2019/05/07/beck-mack-oliver-llc-has-125-65-million-holdings-in-enstar-group-ltd-esgr.html.

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.

Read More: What is Cost of Goods Sold (COGS)?

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.