Bank of Montreal Can Invests $592,000 in Enstar Group Limited (NASDAQ:ESGR)

Bank of Montreal Can bought a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,839 shares of the insurance provider's stock, valued at approximately $592,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Enstar Group by 0.3% during the fourth 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 in the last quarter. Norges Bank purchased a new stake in shares of Enstar Group in the 4th quarter valued at approximately $42,516,000. Decagon Asset Management LLP acquired a new stake in shares of Enstar Group in the 4th quarter valued at $32,614,000. Alpine Associates Management Inc. raised its holdings in shares of Enstar Group by 22.9% in the 4th quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider's stock valued at $30,104,000 after purchasing an additional 17,400 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its position in shares of Enstar Group by 65.2% during the 4th quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider's stock worth $23,232,000 after purchasing an additional 28,476 shares during the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.00% of the stock is currently owned by insiders.

Enstar Group Stock Up 0.1 %

ESGR stock traded up $0.37 during trading on Friday, hitting $334.07. 10,797 shares of the company's stock were exchanged, compared to its average volume of 97,408. The business has a 50-day moving average price of $332.46 and a two-hundred day moving average price of $327.59. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. Enstar Group Limited has a 52-week low of $286.80 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 earnings per share for the quarter. The business had revenue of $240.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

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.