Raymond James Financial Inc. Purchases New Position in Enstar Group Limited (NASDAQ:ESGR)

Raymond James Financial Inc. acquired a new position in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,295 shares of the insurance provider's stock, valued at approximately $2,349,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Enstar Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock valued at $374,067,000 after purchasing an additional 3,081 shares during the period. FIL Ltd boosted its holdings in Enstar Group by 6.2% in the fourth quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock worth $80,445,000 after purchasing an additional 14,475 shares in the last quarter. Norges Bank acquired a new stake in shares of Enstar Group in the fourth quarter worth $42,516,000. Decagon Asset Management LLP bought a new stake in shares of Enstar Group in the fourth quarter valued at about $32,614,000. Finally, Alpine Associates Management Inc. grew its position in Enstar Group by 22.9% in the fourth quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider's stock valued at $30,104,000 after acquiring an additional 17,400 shares during the period. Institutional investors and hedge funds own 81.01% of the company's stock.

Insider Buying and Selling at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Enstar Group in a report on Saturday, April 5th. They set a "hold" rating for the company.

Enstar Group Stock Down 0.0 %

NASDAQ:ESGR traded down $0.13 during trading hours on Friday, reaching $334.36. The company had a trading volume of 75,247 shares, compared to its average volume of 98,745. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The business's 50-day simple moving average is $332.69 and its two-hundred day simple moving average is $328.12. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. Enstar Group Limited has a twelve month low of $291.90 and a twelve month high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $240.00 million during the quarter.

Enstar Group Profile

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.