Sagefield Capital LP Acquires Shares of 1,900 Enstar Group Limited (NASDAQ:ESGR)

Sagefield Capital LP acquired a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,900 shares of the insurance provider's stock, valued at approximately $612,000.

A number of other hedge funds also recently made changes to their positions in ESGR. Vanguard Group Inc. lifted its stake in shares of Enstar Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock worth $374,067,000 after buying an additional 3,081 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in Enstar Group by 175.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock worth $83,177,000 after purchasing an additional 164,649 shares during the period. 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 worth $80,445,000 after acquiring an additional 14,475 shares in the last quarter. AQR Arbitrage LLC raised its holdings in shares of Enstar Group by 21.1% during the 4th quarter. AQR Arbitrage LLC now owns 169,905 shares of the insurance provider's stock worth $54,718,000 after buying an additional 29,617 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Enstar Group in the fourth quarter worth about $42,516,000. 81.01% of the stock is owned by institutional investors and hedge funds.

Enstar Group Trading Down 0.1%

NASDAQ:ESGR traded down $0.43 during mid-day trading on Thursday, hitting $334.76. 15,231 shares of the company's stock were exchanged, compared to its average volume of 100,344. 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 fifty-two week low of $291.90 and a fifty-two week high of $348.48. The company has a 50 day simple moving average of $333.34 and a 200-day simple moving average of $329.05. The firm has a market capitalization of $4.99 billion, a P/E ratio of 5.07 and a beta of 0.71.

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

Insiders Place Their Bets

In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hiteshkumar R. Patel sold 484 shares of the company'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 disclosure for this sale can be found here. Company insiders own 8.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on shares of Enstar Group in a report on Saturday, April 5th. They set a "hold" rating for the company.

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.