Sagefield Capital LP Takes $612,000 Position in Enstar Group Limited (NASDAQ:ESGR)

Sagefield Capital LP purchased a new stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,900 shares of the insurance provider's stock, valued at approximately $612,000.

Other hedge funds have also added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC bought a new position in shares of Enstar Group during the 4th quarter valued at about $244,000. ProShare Advisors LLC boosted its position in Enstar Group by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 3,567 shares of the insurance provider's stock worth $1,149,000 after purchasing an additional 1,173 shares during the period. Nuveen Asset Management LLC grew its position in shares of Enstar Group by 2.2% in the fourth quarter. Nuveen Asset Management LLC now owns 32,726 shares of the insurance provider's stock valued at $10,539,000 after purchasing an additional 693 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in Enstar Group by 205.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 6,100 shares of the insurance provider's stock worth $1,965,000 after acquiring an additional 4,100 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enstar Group by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,211 shares of the insurance provider's stock valued at $2,322,000 after acquiring an additional 272 shares during the period. Institutional investors own 81.01% of the company's stock.

Wall Street Analyst Weigh In

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

Enstar Group Price Performance

Enstar Group stock opened at $334.40 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The stock's 50 day moving average price is $333.16 and its two-hundred day moving average price is $328.81. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. Enstar Group Limited has a 52-week low of $291.90 and a 52-week high of $348.48.

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

Insider Activity

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hans-Peter Gerhardt sold 407 shares of the company's stock in a transaction that occurred on 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. 8.00% of the stock is owned by company insiders.

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.

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