BNP Paribas Financial Markets Sells 1,683 Shares of Enstar Group Limited (NASDAQ:ESGR)

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

Several other institutional investors and hedge funds also recently made changes to their positions in ESGR. Key Financial Inc acquired a new stake in shares of Enstar Group in the 4th quarter valued at $52,000. NewEdge Advisors LLC boosted its stake in shares of Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after purchasing an additional 31 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Enstar Group in the 4th quarter valued at $96,000. Sterling Capital Management LLC boosted its stake in shares of Enstar Group by 825.0% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after purchasing an additional 363 shares in the last quarter. Finally, KBC Group NV lifted its position 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 buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company's stock.

Enstar Group Price Performance

NASDAQ ESGR traded up $0.08 on Friday, hitting $334.58. 86,878 shares of the company were exchanged, compared to its average volume of 101,065. The firm has a 50 day moving average of $333.43 and a two-hundred day moving average of $329.21. The company has a market cap of $4.99 billion, a P/E ratio of 5.06 and a beta of 0.71. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 1-year low of $291.90 and a 1-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 business had revenue of $240.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on shares of Enstar Group in a research report on Saturday, April 5th. They set a "hold" rating on the stock.

Insiders Place Their Bets

In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total transaction of $135,938.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The disclosure for this sale can be found here. Company insiders own 8.00% of the company's stock.

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.