Deutsche Bank AG Acquires 11,456 Shares of Enstar Group Limited (NASDAQ:ESGR)

Deutsche Bank AG boosted its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 158.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,696 shares of the insurance provider's stock after buying an additional 11,456 shares during the period. Deutsche Bank AG owned 0.12% of Enstar Group worth $6,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ESGR. Key Financial Inc bought a new position in shares of Enstar Group in the 4th quarter worth approximately $52,000. NewEdge Advisors LLC raised its position 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 worth $68,000 after acquiring an additional 31 shares in the last quarter. Vestcor Inc bought a new position in shares of Enstar Group in the 4th quarter worth approximately $96,000. Sterling Capital Management LLC raised its position 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 worth $131,000 after acquiring an additional 363 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Enstar Group by 39.7% in 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. Hedge funds and other institutional investors own 81.01% of the company's stock.

Insider Activity at Enstar Group

In related news, Director Hans-Peter Gerhardt sold 407 shares of the firm'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 Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.

Enstar Group Stock Down 0.2%

Shares of NASDAQ:ESGR traded down $0.68 during trading on Thursday, hitting $334.50. The stock had a trading volume of 88,662 shares, compared to its average volume of 100,616. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48. The company has a market capitalization of $4.99 billion, a PE ratio of 5.06 and a beta of 0.71. The firm's fifty day moving average is $333.34 and its 200 day moving average is $329.05. 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 data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The company had revenue of $240.00 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on 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.