Enstar Group Limited (NASDAQ:ESGR) Stock Holdings Decreased by Capital World Investors

Capital World Investors trimmed its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 77.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,000 shares of the insurance provider's stock after selling 51,000 shares during the quarter. Capital World Investors owned about 0.10% of Enstar Group worth $4,831,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ESGR. Barclays PLC grew its holdings in Enstar Group by 319.2% in the third quarter. Barclays PLC now owns 19,524 shares of the insurance provider's stock valued at $6,278,000 after purchasing an additional 14,867 shares during the period. Sanctuary Advisors LLC purchased a new stake in Enstar Group in the third quarter valued at approximately $547,000. Tidal Investments LLC lifted its position in Enstar Group by 15.6% during the third quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider's stock valued at $738,000 after buying an additional 310 shares in the last quarter. Franklin Resources Inc. lifted its position in Enstar Group by 52.8% during the third quarter. Franklin Resources Inc. now owns 15,888 shares of the insurance provider's stock valued at $5,118,000 after buying an additional 5,489 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Enstar Group by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock valued at $12,102,000 after buying an additional 2,498 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.00% of the company's stock.

Enstar Group Trading Up 0.1 %

ESGR stock traded up $0.37 during midday trading on Friday, reaching $334.07. 46,295 shares of the company's stock traded hands, compared to its average volume of 98,062. The company has a market capitalization of $4.97 billion, a P/E ratio of 5.06 and a beta of 0.56. 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 Limited has a fifty-two week low of $287.99 and a fifty-two week high of $348.48. The business has a 50-day moving average price of $332.50 and a two-hundred day moving average price of $327.78.

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 for the quarter. The firm had revenue of $240.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Wall Street Analysts Forecast Growth

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 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.