The New Trident V Holding in Enstar Group Ltd
Trident V filed with the SEC SC 13D/A form for Enstar Group Ltd. The form can be accessed here: 000119312516777213. As reported in Trident V’s form, the filler as of late owns 8.3% or 1,350,000 shares of the Finance–company.
Enstar Group Ltd stake is a new one for the and it was filed because of activity on November 23, 2016. We feel this shows Trident V’s positive view for the stock.
Reasons Why Trident V Bought – Enstar Group Ltd Stock
Purpose of Transaction
Item 4 is hereby amended and restated in its entirety to read asfollows:
Each of the Reporting Persons acquired the Ordinary Shares held by it for investment purposes.
Although no Reporting Person currently has any specific plan or proposal to acquire or dispose of Ordinary Shares or any securitiesexercisable for or convertible into Ordinary Shares, each Reporting Person, consistent with its investment purpose, at any time and from time to time may directly or indirectly acquire additional Ordinary Shares or associated rights or securitiesexercisable for or convertible into Ordinary Shares or dispose of any or all of its Ordinary Shares or its associated rights or securities exercisable for or convertible into Ordinary Shares (including, without limitation, distributing some or allof such securities to such Reporting Person’s members, partners, stockholders or beneficiaries, as applicable), depending upon an ongoing evaluation of its investment in such securities, applicable legal and/or contractual restrictions,prevailing market conditions, other investment opportunities, liquidity requirements of such Reporting Person and/or other investment considerations.
TPE LP, solely in its capacity as a shareholder of the Issuer, and each of the other ReportingPersons, solely in their respective capacities as a general partner, limited partner, member or manager, or the controlling person of any of the foregoing entities, of TPE LP or TPE GP, as applicable, may engage in communications with one or moreother shareholders of the Issuer, one or more officers of Issuer and/or one or more members of the Board of Directors of Issuer and/or one or more representatives of the Issuer regarding the Issuer, including but not limited to its operations. Eachof the Reporting Persons, in such capacities, may discuss ideas that, if effected, may relate to, or may result in, any of the matters listed in Items 4(a)-(j) of Schedule 13D.
Other than as described above, each of the Reporting Persons reports that neither it nor, to its knowledge, any of the other persons named inItem 2 of this Schedule 13D/A, currently has any plan or proposal which relates to, or may result in, any of the matters listed in Items 4(a)-(j) of Schedule 13D, although the Reporting Persons may, at any time and from time to time, review orreconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.
|Item5.||Interest in Securities of the Issuer|
Enstar Group Ltd Institutional Sentiment
Latest Security and Exchange filings show 119 investors own Enstar Group Ltd. The institutional ownership in Q3 2015 is high, at 125.35% of the outstanding shares. This is increased by 8644967 the total institutional shares. 20269686 were the shares owned by these institutional investors. In total 8 funds opened new Enstar Group Ltd stakes, 30 increased stakes. There were 14 that closed positions and 52 reduced them.
5 managers had the stock in their top Ten. Notable investors are: Beck Mack & Oliver Llc, Corsair Capital Llc, Zebra Capital Management Llc, Van Den Berg Management I Inc, Mraz Amerine & Associates Inc., Opus Capital Group Llc, Akre Capital Management Llc..
Beck Mack & Oliver Llc is an institutional investor bullish on Enstar Group Ltd, owning 1069848 shares as of Q3 2015 for 4.86% of its portfolio. Tealwood Asset Management Inc owns 19374 shares or 1.27% of its portfolio. TN Nfc Investments Llc have 8.76% of their stock portfolio for 123595 shares. Further, Punch & Associates Investment Management Inc reported stake worth 0.68% of its US stock portfolio. The KY Barr E S & Co owns 202988 shares. Enstar Group Ltd is 3.89% of the manager’s US portfolio.
Enstar Group Limited (Enstar) is a holding company. The Company focuses on acquiring and managing insurance and reinsurance companies in run-off, and the acquisition and management of portfolios of insurance and reinsurance business in run-off. Enstar operates its business through four segments: Non-Life Run-Off, Atrium, StarStone, and Life and Annuities. 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, including the run-off businesses of StarStone and Arden Reinsurance Company Ltd. (Arden). Atrium segment consists of the active underwriting operations and financial results of Northshore Holdings Limited. StarStone segment consists of the active underwriting operations and financial results of StarStone Holdings. The Life and Annuities Segment consists of the operations of the Company’s subsidiaries managing its closed-block of life and annuity business.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.24, from 1.08 in 2016Q1. The ratio worsened, as 8 funds sold all Enstar Group Ltd. shares owned while 44 reduced positions. 12 funds bought stakes while 44 increased positions. They now own 12.12 million shares or 3.21% less from 12.52 million shares in 2016Q1.
Northern Tru last reported 159,100 shares in the company. Raymond James And Associates holds 1,709 shares or 0% of its portfolio. Blackrock Fund Advsr accumulated 0.01% or 272,576 shares. Akre Management Ltd Com last reported 4.61% of its portfolio in the stock. Pine River Capital Management L P holds 0.01% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR) for 6,536 shares. Lsv Asset Mngmt has invested 0% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR). Teacher Retirement Of Texas accumulated 1,458 shares or 0% of the stock. Regions Fincl Corp, a Alabama-based fund reported 2,250 shares. Finemark State Bank holds 0% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR) for 55 shares. Renaissance Limited last reported 0.02% of its portfolio in the stock. Parsons Cap Ri reported 5,000 shares or 0.11% of all its holdings. Citigroup Inc has invested 0% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR). Prudential Fin Incorporated holds 0% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR) for 1,292 shares. First Retail Bank Sioux Falls, a South Dakota-based fund reported 14 shares. Moreover, Diamond Hill Cap Mngmt has 0.32% invested in Enstar Group Ltd. (NASDAQ:ESGR) for 316,087 shares.
Analysts await Enstar Group Ltd. (NASDAQ:ESGR) to report earnings on March, 6.
The stock decreased 1.17% or $2.35 during the last trading session, hitting $197.7. About 13,825 shares traded hands. Enstar Group Ltd. (NASDAQ:ESGR) has risen 24.26% since April 22, 2016 and is uptrending. It has outperformed by 18.85% the S&P500.
Enstar Group Limited is a holding company. The company has a market cap of $3.83 billion. The Firm focuses on acquiring and managing insurance and reinsurance companies in run-off, and the acquisition and management of portfolios of insurance and reinsurance business in run-off. It has a 10.86 P/E ratio. Enstar operates its business through four divisions: Non-Life Run-Off, Atrium, StarStone, and Life and Annuities.
More recent Enstar Group Ltd. (NASDAQ:ESGR) news were published by: Fool.com which released: “Why Enstar Group Ltd. Is a Buy Today” on April 07, 2014. Also Seekingalpha.com published the news titled: “Enstar Group Limited: Diversifying Runoff (Re)Insurance Group” on January 06, 2016. Globenewswire.com‘s news article titled: “Enstar Group Limited Announces Reinsurance of $1.1 Billion of Allianz’s Legacy …” with publication date: February 17, 2016 was also an interesting one.
According to Zacks Investment Research, “Enstar Group Inc is engaged in the active search for and acquisition of one or more additional operating businesses. This search represents their primary focus. They investigate acquisition opportunities worldwide.”
ESGR Company Profile
Enstar Group Limited (Enstar), incorporated on August 16, 2001, is a holding company. The Firm focuses on acquiring and managing insurance and reinsurance companies in run-off, and the acquisition and management of portfolios of insurance and reinsurance business in run-off. The Firm 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. Enstar operates its business through four divisions: Non-Life Run-Off, Atrium, StarStone, and Life and Annuities.
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