Decagon Asset Management LLP Buys New Position in Enstar Group Limited (NASDAQ:ESGR)

Decagon Asset Management LLP bought a new stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 101,271 shares of the insurance provider's stock, valued at approximately $32,614,000. Enstar Group makes up approximately 11.9% of Decagon Asset Management LLP's investment portfolio, making the stock its largest position. Decagon Asset Management LLP owned about 0.66% of Enstar Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ESGR. Meeder Asset Management Inc. bought a new stake in Enstar Group during the 3rd quarter valued at $1,517,000. Alpine Associates Management Inc. bought a new stake in Enstar Group during the 3rd quarter valued at $24,465,000. Intech Investment Management LLC bought a new stake in Enstar Group during the 3rd quarter valued at $930,000. Citigroup Inc. raised its position in Enstar Group by 10.6% during the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider's stock valued at $4,015,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Enstar Group by 2.3% during the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider's stock valued at $1,303,000 after purchasing an additional 90 shares in the last quarter. 81.01% of the stock is owned by institutional investors.

Insider Transactions at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 8.00% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Enstar Group in a research report on Thursday. They issued a "hold" rating for the company.

Enstar Group Stock Up 0.0 %

Shares of ESGR traded up $0.05 during trading hours on Friday, hitting $332.05. The company had a trading volume of 185,990 shares, compared to its average volume of 87,661. The company has a market capitalization of $4.94 billion, a PE ratio of 5.03 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a one year low of $275.02 and a one year high of $348.48. The company's fifty day moving average price is $329.76 and its two-hundred day moving average price is $325.49.

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

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.