Lagoda Investment Management L.P. reduced its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 56.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,935 shares of the insurance provider's stock after selling 8,818 shares during the period. Enstar Group comprises 1.2% of Lagoda Investment Management L.P.'s investment portfolio, making the stock its 18th biggest position. Lagoda Investment Management L.P.'s holdings in Enstar Group were worth $2,233,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Key Financial Inc acquired a new stake in Enstar Group during the 4th quarter valued at $52,000. NewEdge Advisors LLC boosted 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 acquired a new stake in shares of Enstar Group during the fourth quarter valued at $96,000. Sterling Capital Management LLC increased 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 purchasing an additional 363 shares in the last quarter. Finally, KBC Group NV raised its stake 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 purchasing an additional 137 shares during the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.
Enstar Group Trading Down 0.1%
Shares of NASDAQ:ESGR traded down $0.24 during midday trading on Thursday, reaching $334.16. The company's stock had a trading volume of 113,101 shares, compared to its average volume of 100,088. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. The business has a 50 day moving average price of $333.05 and a 200 day moving average price of $328.68. Enstar Group Limited has a 1 year low of $291.90 and a 1 year 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.
Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The company had revenue of $240.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.
Insider Activity at Enstar Group
In related news, Director Hans-Peter Gerhardt sold 407 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total transaction of $135,938.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $160,770.28. The disclosure for this sale can be found here. 8.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Enstar Group in a report on Saturday, April 5th. They set a "hold" rating for the company.
View Our Latest Research Report on ESGR
About Enstar Group
(
Free Report)
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.
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