Enstar Group Limited (NASDAQ:ESGR) Stake Cut by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 26.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,786 shares of the insurance provider's stock after selling 1,683 shares during the quarter. BNP Paribas Financial Markets' holdings in Enstar Group were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Key Financial Inc purchased a new stake in Enstar Group during the fourth quarter valued at $52,000. NewEdge Advisors LLC grew its holdings in shares of Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock worth $68,000 after purchasing an additional 31 shares during the last quarter. Vestcor Inc bought a new position in Enstar Group during the 4th quarter worth about $96,000. Sterling Capital Management LLC grew its holdings 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 in the last quarter. Finally, KBC Group NV grew 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 worth $155,000 after acquiring an additional 137 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Hans-Peter Gerhardt sold 407 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total value of $135,938.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $160,770.28. The disclosure for this sale can be found here. Insiders own 8.00% of the company's stock.

Enstar Group Stock Performance

Shares of NASDAQ:ESGR traded up $0.08 during trading on Friday, hitting $334.58. 86,878 shares of the stock traded hands, compared to its average volume of 101,271. 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 has a market cap of $4.99 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. The company has a fifty day moving average price of $333.43 and a two-hundred day moving average price of $329.24. 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 released its quarterly earnings results 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 firm had revenue of $240.00 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on shares of Enstar Group in a research report on Saturday, April 5th. They issued a "hold" rating for the company.

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.