GABELLI & Co INVESTMENT ADVISERS INC. Raises Stake in Enstar Group Limited (NASDAQ:ESGR)

GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,050 shares of the insurance provider's stock after acquiring an additional 1,800 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.07% of Enstar Group worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ESGR. Quantbot Technologies LP bought a new stake in shares of Enstar Group during the 4th quarter valued at $171,000. JPMorgan Chase & Co. lifted its holdings in shares of Enstar Group by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after buying an additional 2,498 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Enstar Group in the fourth quarter valued at approximately $5,346,000. Wolverine Asset Management LLC increased its holdings in Enstar Group by 175.3% during the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock worth $1,370,000 after acquiring an additional 2,709 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in Enstar Group by 6.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock worth $9,036,000 after purchasing an additional 1,744 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group 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 sale was disclosed in a document filed with the SEC, which is available through this link. 8.00% of the stock is currently owned by company insiders.

Enstar Group Price Performance

Shares of NASDAQ:ESGR traded up $1.03 on Friday, hitting $334.01. The company's stock had a trading volume of 81,286 shares, compared to its average volume of 97,289. Enstar Group Limited has a 1 year low of $286.80 and a 1 year 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 PE ratio of 5.06 and a beta of 0.56. The company has a 50-day simple moving average of $332.17 and a 200 day simple moving average of $327.29.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The business 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%.

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.