Absolute Gestao de Investimentos Ltda. bought a new position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,500 shares of the insurance provider's stock, valued at approximately $8,212,000. Enstar Group accounts for 3.5% of Absolute Gestao de Investimentos Ltda.'s portfolio, making the stock its 9th largest position. Absolute Gestao de Investimentos Ltda. owned about 0.17% of Enstar Group at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL grew its stake in shares of Enstar Group by 175.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock worth $83,177,000 after buying an additional 164,649 shares during the last quarter. Norges Bank purchased a new stake in shares of Enstar Group in the fourth quarter worth $42,516,000. Decagon Asset Management LLP bought a new position in shares of Enstar Group during the fourth quarter valued at $32,614,000. Schonfeld Strategic Advisors LLC raised its position in shares of Enstar Group by 1,219.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 62,180 shares of the insurance provider's stock worth $20,025,000 after purchasing an additional 57,469 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Enstar Group by 869.7% in the 4th quarter. Marshall Wace LLP now owns 45,574 shares of the insurance provider's stock worth $14,677,000 after purchasing an additional 40,874 shares in the last quarter. Institutional investors own 81.01% of the company's stock.
Enstar Group Stock Performance
Shares of NASDAQ:ESGR traded up $0.10 during midday trading on Thursday, reaching $334.22. 13,332 shares of the company's stock traded hands, compared to its average volume of 99,409. Enstar Group Limited has a one year low of $291.90 and a one year high of $348.48. The stock has a 50 day moving average of $332.76 and a 200 day moving average of $328.33. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33.
Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (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 for the quarter.
Insider Buying and Selling at Enstar Group
In related news, Director Hiteshkumar R. Patel sold 484 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was 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 SEC, which is available through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the business's 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 disclosure for this sale can be found here. Company insiders own 8.00% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Enstar Group in a research note on Saturday, April 5th. They set a "hold" rating for the company.
Get Our Latest Research Report on ESGR
About Enstar Group
(
Free Report)
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.
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