Enstar Group Limited (NASDAQ:ESGR) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,223 shares of the insurance provider's stock after acquiring an additional 894 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.06% of Enstar Group worth $2,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in 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 purchasing an additional 3,081 shares during the period. FIL Ltd increased its stake in Enstar Group by 6.2% in the 4th quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock worth $80,445,000 after buying an additional 14,475 shares during the period. Norges Bank purchased a new stake in Enstar Group in the 4th quarter valued at about $42,516,000. Decagon Asset Management LLP bought a new position in Enstar Group in the 4th quarter worth about $32,614,000. Finally, Alpine Associates Management Inc. increased 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 acquiring an additional 17,400 shares during the period. Hedge funds and other institutional investors own 81.01% of the company's stock.

Insider Buying and Selling

In related news, Director Hiteshkumar R. Patel sold 484 shares of the company's 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.

Enstar Group Stock Up 0.2 %

Shares of ESGR stock traded up $0.53 on Friday, hitting $334.03. The stock had a trading volume of 51,351 shares, compared to its average volume of 99,701. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.97 billion, a PE ratio of 5.06 and a beta of 0.71. The business has a 50 day moving average price of $332.85 and a 200 day moving average price of $328.48. Enstar Group Limited has a one year low of $291.90 and a one year high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its quarterly 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 for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Enstar Group in a report on Saturday, April 5th. They set a "hold" rating on the 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.