Montag A & Associates Inc. Sells 379 Shares of Enstar Group Limited (NASDAQ:ESGR)

Montag A & Associates Inc. lowered its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 60.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253 shares of the insurance provider’s stock after selling 379 shares during the quarter. Montag A & Associates Inc.’s holdings in Enstar Group were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Enstar Group by 484.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 877 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 727 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Enstar Group during the fourth quarter valued at $5,346,000. R Squared Ltd bought a new position in Enstar Group in the fourth quarter valued at about $174,000. KBC Group NV lifted 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. Finally, Syquant Capital Sas acquired a new stake in shares of Enstar Group during the fourth quarter worth $5,295,000. Institutional investors and hedge funds own 81.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enstar Group in a report on Sunday. They issued a “hold” rating for the company.

Enstar Group Stock Performance

Shares of ESGR opened at $330.93 on Tuesday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 5.01 and a beta of 0.64. The firm has a fifty day simple moving average of $325.93 and a 200 day simple moving average of $323.93. 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 Limited has a 12 month low of $275.02 and a 12 month high of $348.48.

Insiders Place Their Bets

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the transaction, the director now directly owns 2,179 shares of the company’s stock, valued at $704,775.76. This represents a 4.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 8.00% of the company’s stock.

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.