Tower Research Capital LLC TRC Raises Position in Enstar Group Limited (NASDAQ:ESGR)

Tower Research Capital LLC TRC lifted its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 479.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,450 shares of the insurance provider's stock after purchasing an additional 2,027 shares during the period. Tower Research Capital LLC TRC's holdings in Enstar Group were worth $789,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ESGR. Quantbot Technologies LP bought a new stake in shares of Enstar Group in the 4th quarter worth approximately $171,000. JPMorgan Chase & Co. raised its holdings in Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after acquiring an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Enstar Group during the 4th quarter valued at about $5,346,000. Wolverine Asset Management LLC lifted its holdings in shares of Enstar Group by 175.3% during the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock valued at $1,370,000 after buying an additional 2,709 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of Enstar Group by 6.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock valued at $9,036,000 after purchasing an additional 1,744 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

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

Enstar Group Trading Up 0.0 %

Enstar Group stock traded up $0.08 during midday trading on Friday, reaching $334.57. The stock had a trading volume of 25,420 shares, compared to its average volume of 113,367. The company has a fifty day moving average of $332.66 and a 200 day moving average of $328.03. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 52-week low of $291.90 and a 52-week high of $348.48.

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

Insider Activity

In related news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction 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 legal filing with the SEC, which is available at this link. 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.