Enstar Group Limited (NASDAQ:ESGR) is Harspring Capital Management LLC's 8th Largest Position

Harspring Capital Management LLC decreased its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 59.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,000 shares of the insurance provider's stock after selling 92,000 shares during the period. Enstar Group comprises approximately 5.7% of Harspring Capital Management LLC's portfolio, making the stock its 8th biggest holding. Harspring Capital Management LLC owned 0.41% of Enstar Group worth $19,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Key Financial Inc bought a new stake in Enstar Group during the 4th quarter valued at $52,000. Vestcor Inc purchased a new stake in Enstar Group during the fourth quarter valued at about $96,000. Sterling Capital Management LLC grew its position in Enstar Group by 825.0% during 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 last quarter. KBC Group NV lifted 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 last quarter. Finally, Quantbot Technologies LP purchased a new stake in Enstar Group during the 4th quarter valued at $171,000. Institutional investors own 81.01% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Enstar Group

In other Enstar Group news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.00% of the company's stock.

Enstar Group Stock Up 0.3 %

ESGR traded up $1.03 during trading on Friday, reaching $334.01. The stock had a trading volume of 81,286 shares, compared to its average volume of 97,289. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. The stock's 50 day moving average is $332.17 and its two-hundred day moving average is $327.29. Enstar Group Limited has a one year low of $286.80 and a one year high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The company 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%.

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.