Capital World Investors Trims Holdings in Enstar Group Limited (NASDAQ:ESGR)

Capital World Investors lessened its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 77.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,000 shares of the insurance provider's stock after selling 51,000 shares during the period. Capital World Investors owned about 0.10% of Enstar Group worth $4,831,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Key Financial Inc bought a new stake in shares of Enstar Group in the 4th quarter worth about $52,000. NewEdge Advisors LLC increased its holdings in Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after buying an additional 31 shares during the last quarter. Vestcor Inc bought a new stake in Enstar Group in the fourth quarter valued at about $96,000. Sterling Capital Management LLC raised its stake in Enstar Group by 825.0% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after buying an additional 363 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after buying an additional 137 shares during the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 legal filing with the SEC, which is accessible through the SEC website. 8.00% of the stock is owned by corporate insiders.

Enstar Group Trading Down 0.1 %

NASDAQ ESGR opened at $333.63 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a one year low of $286.80 and a one year high of $348.48. The company has a 50-day simple moving average of $332.26 and a 200-day simple moving average of $327.41. The firm has a market capitalization of $4.97 billion, a PE ratio of 5.05 and a beta of 0.56.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The company 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%.

Wall Street Analyst Weigh In

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

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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