Franklin Resources Inc. Acquires 1,231 Shares of Enstar Group Limited (NASDAQ:ESGR)

Franklin Resources Inc. raised its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,119 shares of the insurance provider's stock after acquiring an additional 1,231 shares during the quarter. Franklin Resources Inc. owned approximately 0.11% of Enstar Group worth $5,513,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ESGR. Xponance Inc. boosted its position in Enstar Group by 9.5% during the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider's stock valued at $293,000 after acquiring an additional 79 shares during the last quarter. Swiss National Bank grew its stake in Enstar Group by 0.4% during the fourth quarter. Swiss National Bank now owns 23,900 shares of the insurance provider's stock worth $7,697,000 after purchasing an additional 100 shares during the period. KBC Group NV increased its holdings in Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after purchasing an additional 137 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in shares of Enstar Group by 2.6% during the 4th quarter. Oliver Luxxe Assets LLC now owns 6,075 shares of the insurance provider's stock worth $1,956,000 after buying an additional 155 shares in the last quarter. Finally, Key Financial Inc acquired a new stake in shares of Enstar Group during the 4th quarter worth approximately $52,000. Institutional investors own 81.01% of the company's stock.

Enstar Group Stock Down 0.0 %

Shares of ESGR traded down $0.15 during trading hours on Wednesday, reaching $333.48. The stock had a trading volume of 19,977 shares, compared to its average volume of 96,243. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 5.05 and a beta of 0.56. The firm has a 50-day simple moving average of $331.82 and a 200 day simple moving average of $327.01. 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 12 month low of $275.02 and a 12 month high of $348.48.

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. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $240.00 million during the quarter.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Hiteshkumar R. Patel sold 484 shares of the company'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 value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.00% of the company's stock.

Enstar Group 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.