Enstar Group Limited (NASDAQ:ESGR) Shares Purchased by Water Island Capital LLC

Water Island Capital LLC boosted its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,327 shares of the insurance provider's stock after acquiring an additional 5,478 shares during the period. Enstar Group accounts for about 1.5% of Water Island Capital LLC's holdings, making the stock its 23rd biggest position. Water Island Capital LLC owned about 0.29% of Enstar Group worth $14,276,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Xponance Inc. grew its position in Enstar Group by 9.5% during the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider's stock worth $293,000 after buying an additional 79 shares in the last quarter. Swiss National Bank raised its holdings in shares of Enstar Group by 0.4% during the 4th quarter. Swiss National Bank now owns 23,900 shares of the insurance provider's stock valued at $7,697,000 after buying an additional 100 shares in the last quarter. KBC Group NV grew its position in Enstar Group by 39.7% during the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after acquiring an additional 137 shares during the last quarter. Oliver Luxxe Assets LLC lifted its holdings in shares of Enstar Group by 2.6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 6,075 shares of the insurance provider's stock worth $1,956,000 after acquiring an additional 155 shares during the last quarter. Finally, Key Financial Inc purchased a new position in Enstar Group in the 4th quarter worth $52,000. 81.01% of the stock is owned by institutional investors.

Enstar Group Stock Up 0.1 %

Shares of ESGR traded up $0.45 during mid-day trading on Thursday, reaching $333.43. The company had a trading volume of 39,144 shares, compared to its average volume of 118,566. Enstar Group Limited has a 52 week low of $276.32 and a 52 week high of $348.48. 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 company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 5.05 and a beta of 0.56. The firm has a 50-day moving average price of $331.93 and a 200 day moving average price of $327.05.

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

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business's 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 through this hyperlink. Insiders own 8.00% of the company's stock.

Analyst Ratings Changes

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

Enstar Group 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.