OMERS ADMINISTRATION Corp Boosts Stock Position in Enstar Group Limited (NASDAQ:ESGR)

OMERS ADMINISTRATION Corp boosted its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 205.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,100 shares of the insurance provider's stock after buying an additional 4,100 shares during the period. OMERS ADMINISTRATION Corp's holdings in Enstar Group were worth $1,965,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Key Financial Inc purchased a new stake in Enstar Group in the fourth quarter worth about $52,000. NewEdge Advisors LLC raised its holdings in shares of Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock worth $68,000 after buying an additional 31 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Enstar Group during the fourth quarter worth about $96,000. Sterling Capital Management LLC boosted its holdings in shares of Enstar Group by 825.0% in the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after acquiring an additional 363 shares during the last quarter. Finally, KBC Group NV grew its position in Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after purchasing an additional 137 shares during the period. Institutional investors own 81.01% of the company's stock.

Insider Activity at Enstar Group

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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was 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. Insiders own 8.00% of the company's stock.

Analysts Set New Price Targets

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

Enstar Group Price Performance

Shares of Enstar Group stock traded up $0.18 during mid-day trading on Wednesday, reaching $335.22. 13,585 shares of the stock traded hands, compared to its average volume of 100,192. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a fifty-two week low of $291.90 and a fifty-two week high of $348.48. The stock has a market capitalization of $4.99 billion, a PE ratio of 5.07 and a beta of 0.71. The business has a 50-day moving average of $333.27 and a 200 day moving average of $329.01.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released 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.