Bank of America Corp DE Has $30.17 Million Holdings in Enstar Group Limited (NASDAQ:ESGR)

Bank of America Corp DE raised its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 38.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 93,667 shares of the insurance provider's stock after acquiring an additional 25,846 shares during the period. Bank of America Corp DE owned approximately 0.62% of Enstar Group worth $30,165,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Enstar Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock valued at $374,067,000 after acquiring an additional 3,081 shares during the period. Tudor Investment Corp ET AL grew its stake in Enstar Group by 175.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock valued at $83,177,000 after acquiring an additional 164,649 shares during the period. FIL Ltd grew its stake in Enstar Group by 6.2% in the fourth quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock valued at $80,445,000 after acquiring an additional 14,475 shares during the period. AQR Arbitrage LLC grew its stake in Enstar Group by 21.1% in the fourth quarter. AQR Arbitrage LLC now owns 169,905 shares of the insurance provider's stock valued at $54,718,000 after acquiring an additional 29,617 shares during the period. Finally, Norges Bank acquired a new stake in Enstar Group in the fourth quarter valued at approximately $42,516,000. Institutional investors and hedge funds own 81.01% of the company's stock.

Insider Activity at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the company'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. 8.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Enstar Group Stock Up 0.1%

ESGR stock opened at $334.40 on Friday. The stock's fifty day simple moving average is $333.16 and its two-hundred day simple moving average is $328.81. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 1-year low of $291.90 and a 1-year high of $348.48. The stock has a market cap of $4.98 billion, a P/E ratio of 5.06 and a beta of 0.71.

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

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.

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