Price T Rowe Associates Inc. MD Raises Holdings in Enstar Group Limited (NASDAQ:ESGR)

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Enstar Group by 0.3% in the 4th 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 boosted its position in shares of Enstar Group by 6.2% during the 4th quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock valued at $80,445,000 after acquiring an additional 14,475 shares during the last quarter. Norges Bank bought a new position in shares of Enstar Group during the 4th quarter valued at approximately $42,516,000. Decagon Asset Management LLP bought a new stake in Enstar Group in the fourth quarter worth $32,614,000. Finally, Alpine Associates Management Inc. lifted its position in Enstar Group by 22.9% in 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 during the last quarter. Hedge funds and other institutional investors own 81.01% of the company's stock.

Enstar Group Stock Up 0.2%

Shares of Enstar Group stock traded up $0.53 during trading on Friday, hitting $334.03. 51,351 shares of the stock traded hands, compared to its average volume of 99,632. The firm has a market cap of $4.97 billion, a P/E ratio of 5.06 and a beta of 0.71. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 52-week low of $291.90 and a 52-week high of $348.48. The stock's fifty day simple moving average is $332.85 and its 200 day simple moving average is $328.53.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The firm had revenue of $240.00 million for the quarter.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the firm's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group stock in a transaction dated Tuesday, May 6th. The stock was 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 insiders.

Analysts Set New Price Targets

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

About Enstar Group

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.