Nexpoint Asset Management L.P. Grows Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Nexpoint Asset Management L.P. boosted its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,434 shares of the insurance provider's stock after purchasing an additional 18,864 shares during the period. Enstar Group makes up 3.9% of Nexpoint Asset Management L.P.'s portfolio, making the stock its 7th largest position. Nexpoint Asset Management L.P. owned 0.71% of Enstar Group worth $34,599,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Key Financial Inc bought a new stake in Enstar Group during the 4th quarter valued at $52,000. NewEdge Advisors LLC raised its stake in shares of Enstar Group by 17.1% during the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after acquiring an additional 31 shares during the last quarter. Vestcor Inc purchased a new stake in shares of Enstar Group during the fourth quarter worth about $96,000. Sterling Capital Management LLC grew its stake in shares of Enstar Group by 825.0% in the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock worth $131,000 after purchasing an additional 363 shares during the last quarter. Finally, KBC Group NV increased its holdings in Enstar Group by 39.7% during the 4th 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. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 related news, Director Hiteshkumar R. Patel sold 484 shares of the firm's 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 8.00% of the stock is owned by insiders.

Enstar Group Trading Up 0.2 %

Shares of ESGR traded up $0.58 during trading hours on Tuesday, reaching $334.26. 20,929 shares of the company traded hands, compared to its average volume of 98,851. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The company's fifty day moving average price is $332.71 and its two-hundred day moving average price is $328.25. The company has a market capitalization 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 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 return on equity of 17.33% and a net margin of 73.26%.

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.