Barclays PLC Acquires 5,410 Shares of Enstar Group Limited (NASDAQ:ESGR)

Barclays PLC raised its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,934 shares of the insurance provider's stock after buying an additional 5,410 shares during the quarter. Barclays PLC owned about 0.16% of Enstar Group worth $8,030,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ESGR. Quantbot Technologies LP bought a new stake in Enstar Group in the 4th quarter valued at $171,000. JPMorgan Chase & Co. raised its position in shares of Enstar Group by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock valued at $12,102,000 after buying an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Enstar Group in the fourth quarter valued at about $5,346,000. Wolverine Asset Management LLC grew its position in Enstar Group by 175.3% during the fourth quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock worth $1,370,000 after buying an additional 2,709 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Enstar Group by 6.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock valued at $9,036,000 after acquiring an additional 1,744 shares during the period. 81.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Enstar Group Stock Performance

ESGR stock traded up $0.37 during midday trading on Friday, hitting $334.07. The stock had a trading volume of 46,295 shares, compared to its average volume of 98,062. Enstar Group Limited has a 52 week low of $287.99 and a 52 week high of $348.48. 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 50-day simple moving average of $332.50 and a 200 day simple moving average of $327.73. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings data 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 net margin of 73.26% and a return on equity of 17.33%.

Insiders Place Their Bets

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.00% of the company's stock.

About Enstar Group

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.