Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 13.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,035 shares of the insurance provider’s stock after selling 156 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Enstar Group were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC). \n\nSeveral other institutional investors have also recently made changes to their positions in ESGR. Raymond James Financial Inc. purchased a new position in Enstar Group in the fourth quarter valued at $2,349,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Enstar Group by 7.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the insurance provider’s stock valued at $745,000 after buying an additional 165 shares in the last quarter. Swiss National Bank increased its holdings in Enstar Group by 0.4% in the fourth quarter. Swiss National Bank now owns 23,900 shares of the insurance provider’s stock valued at $7,697,000 after buying an additional 100 shares in the last quarter. Vestcor Inc purchased a new position in Enstar Group in the fourth quarter valued at $96,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in Enstar Group in the fourth quarter valued at $2,176,000. Hedge funds and other institutional investors own 81.01% of the company’s stock. \n\nSeparately, Wall Street Zen started coverage on shares of Enstar Group in a research report on Saturday, April 5th. They issued a “hold” rating on the stock.\n\nIn other news, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.00% of the stock is currently owned by company insiders. \n\nShares of NASDAQ ESGR opened at $337.91 on Friday. The company’s 50-day simple moving average is $335.73 and its 200-day simple moving average is $332.07. Enstar Group Limited has a 52-week low of $318.25 and a 52-week high of $348.48. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 10.76 and a beta of 0.70. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34. \n\nEnstar 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.

Cambridge Investment Research Advisors Inc. Trims Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Cambridge Investment Research Advisors Inc. reduced its holdings in Enstar Group Limited (NASDAQ:ESGR) by 13.1% in Q1, selling 156 shares to own 1,035 shares worth $344,000. Other institutional investors, including Raymond James, Zurcher Kantonalbank, and Swiss National Bank, increased their positions in ESGR. Wall Street Zen initiated coverage on Enstar Group with a 'hold' rating. The company’s stock opened at $337.91, with a market cap of $5.04 billion and a 52-week range of $318.25–$348.48.