Alpine Associates Management Inc. Invests $24.47 Million in Enstar Group Limited (NASDAQ:ESGR)

Alpine Associates Management Inc. acquired a new position in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 76,076 shares of the insurance provider's stock, valued at approximately $24,465,000. Alpine Associates Management Inc. owned about 0.50% of Enstar Group at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of Enstar Group in the 2nd quarter valued at approximately $31,000. GAMMA Investing LLC increased its position in Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider's stock worth $37,000 after buying an additional 82 shares during the period. Blue Trust Inc. raised its holdings in shares of Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider's stock valued at $43,000 after buying an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Enstar Group in the third quarter valued at approximately $48,000. Finally, CWM LLC boosted its holdings in Enstar Group by 57.6% in the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider's stock valued at $57,000 after purchasing an additional 68 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Enstar Group in a research note on Wednesday. They set a "hold" rating on the stock.

Enstar Group Stock Up 0.1 %

Shares of Enstar Group stock traded up $0.21 during trading hours on Wednesday, hitting $324.03. 6,451 shares of the company's stock traded hands, compared to its average volume of 74,231. 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 $4.93 billion, a PE ratio of 4.90 and a beta of 0.65. Enstar Group Limited has a twelve month low of $262.54 and a twelve month high of $348.48. The stock has a 50 day simple moving average of $322.46 and a 200-day simple moving average of $318.84.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The firm had revenue of $177.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

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.