Absolute Gestao de Investimentos Ltda. Buys Shares of 25,500 Enstar Group Limited (NASDAQ:ESGR)

Absolute Gestao de Investimentos Ltda. bought a new position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 25,500 shares of the insurance provider's stock, valued at approximately $8,212,000. Enstar Group accounts for approximately 3.5% of Absolute Gestao de Investimentos Ltda.'s holdings, making the stock its 9th biggest holding. Absolute Gestao de Investimentos Ltda. owned about 0.17% of Enstar Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Key Financial Inc acquired a new position in shares of Enstar Group in the 4th quarter valued at $52,000. NewEdge Advisors LLC boosted its stake in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock worth $68,000 after purchasing an additional 31 shares during the period. Vestcor Inc bought a new position in shares of Enstar Group during the fourth quarter worth about $96,000. Sterling Capital Management LLC lifted its stake in Enstar Group by 825.0% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after acquiring an additional 363 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after acquiring an additional 137 shares in the last quarter. 81.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research report on Saturday, April 5th. They set a "hold" rating on the stock.

Enstar Group Stock Down 0.1 %

ESGR stock traded down $0.18 during mid-day trading on Tuesday, reaching $333.50. The company had a trading volume of 72,968 shares, compared to its average volume of 99,288. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 5.05 and a beta of 0.71. Enstar Group Limited has a 52 week low of $291.90 and a 52 week high of $348.48. The stock has a 50 day simple moving average of $332.74 and a two-hundred day simple moving average of $328.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick 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 EPS for the quarter. The firm had revenue of $240.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insider Activity

In other news, Director Hans-Peter Gerhardt sold 407 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total transaction of $135,938.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hiteshkumar R. Patel sold 484 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The disclosure for this sale can be found here. Insiders own 8.00% of the company's stock.

Enstar Group Company 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.