First Manhattan CO. LLC. Makes New $739,000 Investment in Enstar Group Limited (NASDAQ:ESGR)

First Manhattan CO. LLC. acquired a new position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,295 shares of the insurance provider's stock, valued at approximately $739,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESGR. Vanguard Group Inc. grew its holdings in Enstar Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock valued at $374,067,000 after buying an additional 3,081 shares during the period. Tudor Investment Corp ET AL grew its holdings in Enstar Group by 175.9% in the 4th 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 period. FIL Ltd grew its holdings in Enstar Group by 6.2% in the 4th quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock valued at $80,445,000 after buying an additional 14,475 shares during the period. AQR Arbitrage LLC grew its holdings in Enstar Group by 21.1% in 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 during the period. Finally, Norges Bank purchased a new stake in Enstar Group in the 4th quarter valued at about $42,516,000. Hedge funds and other institutional investors own 81.01% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enstar Group in a report on Saturday, April 5th. They set a "hold" rating for the company.

Insider Transactions at Enstar Group

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

Enstar Group Trading Up 0.1%

Shares of NASDAQ:ESGR traded up $0.24 during trading on Friday, reaching $334.40. 108,231 shares of the stock were exchanged, compared to its average volume of 100,572. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a 12-month low of $291.90 and a 12-month high of $348.48. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. The firm's 50-day moving average price is $333.16 and its 200 day moving average price is $328.83.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The business had revenue of $240.00 million during the quarter.

Enstar Group Company 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.