Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Harspring Capital Management LLC

Harspring Capital Management LLC cut its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 59.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,000 shares of the insurance provider's stock after selling 92,000 shares during the quarter. Enstar Group makes up 5.7% of Harspring Capital Management LLC's portfolio, making the stock its 8th largest holding. Harspring Capital Management LLC owned about 0.41% of Enstar Group worth $19,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp boosted its stake in Enstar Group by 0.3% during the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider's stock valued at $115,101,000 after purchasing an additional 1,130 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Enstar Group during the third quarter worth approximately $2,885,000. Barclays PLC increased its position in Enstar Group by 319.2% in the 3rd quarter. Barclays PLC now owns 19,524 shares of the insurance provider's stock valued at $6,278,000 after acquiring an additional 14,867 shares during the period. Sanctuary Advisors LLC bought a new stake in Enstar Group during the 3rd quarter valued at $547,000. Finally, Tidal Investments LLC boosted its position in Enstar Group by 15.6% during the 3rd quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider's stock worth $738,000 after acquiring an additional 310 shares during the period. Institutional investors own 81.01% of the company's stock.

Insider Activity at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the business'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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 8.00% of the company's stock.

Enstar Group Price Performance

Shares of NASDAQ:ESGR traded up $1.03 during trading on Friday, reaching $334.01. The company had a trading volume of 81,286 shares, compared to its average volume of 96,807. The firm's fifty day moving average is $332.05 and its 200 day moving average is $327.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $4.97 billion, a PE ratio of 5.06 and a beta of 0.56. Enstar Group Limited has a twelve month low of $276.32 and a twelve month high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The firm had revenue of $240.00 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enstar Group in a research note 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.