ProShare Advisors LLC Boosts Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

ProShare Advisors LLC increased its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 49.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567 shares of the insurance provider's stock after buying an additional 1,173 shares during the period. ProShare Advisors LLC's holdings in Enstar Group were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ESGR. Vanguard Group Inc. lifted its position in shares of Enstar Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock valued at $374,067,000 after acquiring an additional 3,081 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of Enstar Group by 175.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock valued at $83,177,000 after buying an additional 164,649 shares during the last quarter. FIL Ltd lifted its stake in shares of Enstar Group by 6.2% in the fourth quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock worth $80,445,000 after buying an additional 14,475 shares in the last quarter. AQR Arbitrage LLC lifted its stake in shares of Enstar Group by 21.1% in the fourth quarter. AQR Arbitrage LLC now owns 169,905 shares of the insurance provider's stock worth $54,718,000 after buying an additional 29,617 shares in the last quarter. Finally, Norges Bank acquired a new position in Enstar Group during the fourth quarter worth about $42,516,000. Hedge funds and other institutional investors own 81.01% of the company's stock.

Enstar Group Stock Up 0.0%

NASDAQ ESGR traded up $0.03 during trading hours on Wednesday, hitting $335.85. 5,062 shares of the company were exchanged, compared to its average volume of 100,926. The company has a 50 day moving average of $333.55 and a two-hundred day moving average of $329.38. 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 firm has a market cap of $5.01 billion, a price-to-earnings ratio of 5.08 and a beta of 0.71. 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 issued its earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The firm had revenue of $240.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Enstar Group

In other Enstar Group news, 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 value of $160,770.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by insiders.

About Enstar Group

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.