Sherbrooke Park Advisers LLC bought a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 757 shares of the insurance provider's stock, valued at approximately $244,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in 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 during the last quarter. Tudor Investment Corp ET AL boosted its stake in 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 acquiring an additional 164,649 shares during the last quarter. FIL Ltd boosted its stake in Enstar Group by 6.2% in the fourth quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock valued at $80,445,000 after acquiring an additional 14,475 shares during the last quarter. AQR Arbitrage LLC lifted its stake in shares of Enstar Group by 21.1% during the 4th quarter. AQR Arbitrage LLC now owns 169,905 shares of the insurance provider's stock valued at $54,718,000 after buying an additional 29,617 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Enstar Group during the 4th quarter valued at approximately $42,516,000. 81.01% of the stock is currently owned by hedge funds and other institutional investors.
Enstar Group Stock Performance
Shares of ESGR stock opened at $334.55 on Tuesday. The stock has a market capitalization of $4.98 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. The firm's 50 day moving average is $333.22 and its 200 day moving average is $328.97. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48.
Enstar Group (NASDAQ:ESGR - Get Free Report) last announced 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 for 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, StockNews.com initiated coverage on shares of Enstar Group in a research note on Saturday, April 5th. They set a "hold" rating on the stock.
Read Our Latest Stock Report on ESGR
Insider Activity at Enstar Group
In related news, Director Hiteshkumar R. Patel sold 484 shares of the company'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 transaction of $160,770.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hans-Peter Gerhardt sold 407 shares of the company'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 disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.
Enstar Group Company Profile
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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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