Cigogne Management SA Acquires New Holdings in Enstar Group Limited (NASDAQ:ESGR)

Cigogne Management SA acquired a new position in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,928 shares of the insurance provider's stock, valued at approximately $4,808,000. Enstar Group accounts for 2.9% of Cigogne Management SA's investment portfolio, making the stock its 8th biggest holding. Cigogne Management SA owned 0.10% of Enstar Group at the end of the most recent quarter.

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

Enstar Group Trading Down 0.2 %

Shares of ESGR traded down $0.57 during midday trading on Tuesday, hitting $333.99. The stock had a trading volume of 19,468 shares, compared to its average volume of 97,640. 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 simple moving average of $332.53 and a two-hundred day simple moving average of $327.86. The firm has a market cap of $4.97 billion, a P/E ratio of 5.05 and a beta of 0.56. 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 (NASDAQ:ESGR - Get Free Report) last announced its earnings results 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 company had revenue of $240.00 million during the quarter.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.00% of the company's stock.

About Enstar Group

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.