Mackenzie Financial Corp Acquires 5,431 Shares of Enstar Group Limited (NASDAQ:ESGR)

Mackenzie Financial Corp grew its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 223.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,862 shares of the insurance provider's stock after buying an additional 5,431 shares during the quarter. Mackenzie Financial Corp's holdings in Enstar Group were worth $2,314,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Harspring Capital Management LLC raised its position in Enstar Group by 33.2% in the 3rd quarter. Harspring Capital Management LLC now owns 172,446 shares of the insurance provider's stock valued at $41,732,000 after buying an additional 42,946 shares during the last quarter. American Century Companies Inc. boosted its holdings in Enstar Group by 111.7% during the third quarter. American Century Companies Inc. now owns 65,727 shares of the insurance provider's stock worth $15,906,000 after purchasing an additional 34,674 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in Enstar Group by 9.4% in the third quarter. Mraz Amerine & Associates Inc. now owns 101,126 shares of the insurance provider's stock valued at $24,472,000 after purchasing an additional 8,679 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Enstar Group in the 3rd quarter valued at $2,051,000. Finally, First Pacific Advisors LP bought a new stake in Enstar Group during the 3rd quarter worth about $1,066,000. Institutional investors own 81.01% of the company's stock.

Enstar Group Stock Up 0.9 %

Shares of Enstar Group stock traded up $2.58 on Tuesday, reaching $290.10. 33,124 shares of the company were exchanged, compared to its average volume of 49,595. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 4.25 and a beta of 0.66. Enstar Group Limited has a one year low of $225.81 and a one year high of $312.55. The company has a 50-day moving average of $293.89 and a 200 day moving average of $276.79. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The insurance provider reported $31.02 EPS for the quarter. The company had revenue of $186.00 million during the quarter. Enstar Group had a net margin of 78.24% and a return on equity of 24.87%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Enstar Group from a "buy" rating to a "hold" rating in a report on Thursday, February 29th.

Enstar Group 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.