Hsbc Holdings PLC Grows Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Hsbc Holdings PLC grew its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 27.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,860 shares of the insurance provider's stock after buying an additional 9,543 shares during the quarter. Hsbc Holdings PLC owned 0.29% of Enstar Group worth $14,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake 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 worth $374,067,000 after acquiring an additional 3,081 shares in the last quarter. FIL Ltd increased its holdings in 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 period. Norges Bank acquired a new stake in Enstar Group in the 4th quarter valued at about $42,516,000. Decagon Asset Management LLP purchased a new position in shares of Enstar Group in the 4th quarter valued at about $32,614,000. Finally, Alpine Associates Management Inc. grew its position in shares of Enstar Group by 22.9% during the fourth quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider's stock worth $30,104,000 after buying an additional 17,400 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Enstar Group Stock Down 0.0 %

Shares of ESGR stock traded down $0.13 on Friday, reaching $334.36. 75,247 shares of the stock were exchanged, compared to its average volume of 98,983. Enstar Group Limited has a twelve month low of $291.90 and a twelve month high of $348.48. 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 company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. The business's 50 day moving average price is $332.69 and its 200 day moving average price is $328.14.

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 for the quarter. The business had revenue of $240.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Insider Transactions at Enstar Group

In related 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 transaction of $160,770.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 8.00% of the company's stock.

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.