Enstar Group Limited (NASDAQ:ESGR) Position Raised by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,128 shares of the insurance provider's stock after purchasing an additional 1,076 shares during the quarter. Cerity Partners LLC's holdings in Enstar Group were worth $1,651,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ESGR. Key Financial Inc acquired a new stake in shares of Enstar Group in the fourth quarter worth $52,000. Vestcor Inc acquired a new stake in Enstar Group in the 4th quarter valued at $96,000. KBC Group NV raised its position in Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after purchasing an additional 137 shares during the period. Quantbot Technologies LP acquired a new position in shares of Enstar Group during the fourth quarter worth about $171,000. Finally, R Squared Ltd purchased a new stake in shares of Enstar Group in the fourth quarter worth about $174,000. Hedge funds and other institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Hiteshkumar R. Patel sold 484 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.00% of the company's stock.

Enstar Group Stock Up 0.2 %

ESGR traded up $0.83 on Tuesday, reaching $334.46. The company's stock had a trading volume of 108,700 shares, compared to its average volume of 97,445. Enstar Group Limited has a 1 year low of $286.80 and a 1 year high of $348.48. The business's 50 day moving average is $332.34 and its 200 day moving average is $327.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its quarterly earnings data 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 for 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.