In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Enstar Group Ltd (NASDAQ:ESGR)reported that Beck Mack & Oliver Llc. has picked up 806,092 of common stock as of 2017-04-28.
The acquisition brings the aggregate amount owned by Beck Mack & Oliver Llc. to a total of 806,092 representing less than 4.91% stake in the company.
For those not familiar with the company, Enstar Group Limited is an insurance group that offers capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia and other international locations. The Company’s segments include Non-Life Run-Off, Atrium, StarStone, and Life and Annuities. The Non-life Run-off segment comprises the operations of its subsidiaries that are running off their property and casualty and other non-life lines of business. The Atrium segment underwrites specialist marine, energy, aerospace, non-marine and liability classes. The StarStone segment offers a range of property, casualty and specialty insurance products. The Life and Annuities Segment consists of the operations managing the Company’s closed-block of life and annuity business, and its life settlements business.
A glance at Enstar Group Ltd (NASDAQ:ESGR)’s key stats reveals a current market capitalization of 3.74 Billion based on 16.18 Million shares outstanding and a price at last close of $194.10 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2013-08-15 Lestrange picked up 500 at a purchase price of $136.44. This brings their total holding to 2,000 as of the date of the filing.
On the sell side, the most recent transaction saw Rajpal unload 343,487 shares at a sale price of $158.50. This brings their total holding to 322,061.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Enstar Group Ltd (NASDAQ:ESGR) as things move forward to see if its progress aligns with these transactions.
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