Corient Private Wealth LLC Buys New Position in Enstar Group Limited (NASDAQ:ESGR)

Corient Private Wealth LLC purchased a new stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,098 shares of the insurance provider's stock, valued at approximately $354,000.

Several other hedge funds have also modified their holdings of the stock. Picton Mahoney Asset Management increased its position in Enstar Group by 65.2% in the fourth 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 period. Alpine Associates Management Inc. grew its position in shares of Enstar Group by 22.9% during the 4th quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider's stock worth $30,104,000 after buying an additional 17,400 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Enstar Group during the fourth quarter worth approximately $5,346,000. Syquant Capital Sas acquired a new position in Enstar Group in the fourth quarter valued at approximately $5,295,000. Finally, Polar Asset Management Partners Inc. bought a new position in Enstar Group in the third quarter valued at approximately $4,985,000. 81.01% of the stock is owned by institutional investors.

Enstar Group Trading Up 0.0 %

Shares of Enstar Group stock traded up $0.07 during trading on Thursday, hitting $332.34. 98,630 shares of the company were exchanged, compared to its average volume of 92,408. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $4.95 billion, a P/E ratio of 5.03 and a beta of 0.61. The firm's fifty day moving average price is $330.79 and its 200 day moving average price is $326.21. Enstar Group Limited has a 1-year low of $275.02 and a 1-year high of $348.48.

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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 (EPS) for the quarter. The firm 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%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enstar Group in a research report on Friday, March 28th. 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.