Fort Baker Capital Management LP Increases Position in Enstar Group Limited (NASDAQ:ESGR)

Fort Baker Capital Management LP raised its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 82.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,013 shares of the insurance provider's stock after purchasing an additional 48,035 shares during the period. Enstar Group accounts for approximately 5.5% of Fort Baker Capital Management LP's holdings, making the stock its 3rd biggest position. Fort Baker Capital Management LP owned 0.70% of Enstar Group worth $34,141,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 worth $374,067,000 after purchasing an additional 3,081 shares during the period. Tudor Investment Corp ET AL raised 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 worth $83,177,000 after buying an additional 164,649 shares in the last quarter. FIL Ltd lifted its stake in shares of Enstar Group by 6.2% during the 4th quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock worth $80,445,000 after purchasing an additional 14,475 shares during the last quarter. AQR Arbitrage LLC boosted its holdings in shares of 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 in the last quarter. Finally, Norges Bank purchased a new position in Enstar Group in the fourth quarter worth $42,516,000. 81.01% of the stock is owned by institutional investors.

Enstar Group Stock Up 0.2 %

ESGR stock opened at $334.03 on Friday. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $4.97 billion, a P/E ratio of 5.06 and a beta of 0.71. The firm's fifty day simple moving average is $332.85 and its 200-day simple moving average is $328.48.

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

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were 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. Company insiders own 8.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Enstar Group in a research report on Saturday, April 5th. They issued a "hold" rating for the company.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.