Intech Investment Management LLC Has $2.50 Million Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Intech Investment Management LLC boosted its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 168.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,766 shares of the insurance provider's stock after buying an additional 4,875 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Enstar Group worth $2,501,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ESGR. JPMorgan Chase & Co. boosted its stake in shares of Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after buying an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in Enstar Group during the fourth quarter valued at approximately $5,346,000. Wolverine Asset Management LLC grew its stake in Enstar Group by 175.3% in the fourth quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock valued at $1,370,000 after purchasing an additional 2,709 shares in the last quarter. Citigroup Inc. grew its stake in Enstar Group by 10.6% in the third 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, Sequoia Financial Advisors LLC increased its position in shares of Enstar Group by 6.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock worth $9,036,000 after purchasing an additional 1,744 shares during the last quarter. Institutional investors own 81.01% of the company's stock.

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Enstar Group Stock Performance

Shares of ESGR traded down $0.30 during midday trading on Tuesday, reaching $331.93. The stock had a trading volume of 94,919 shares, compared to its average volume of 87,556. The firm has a market cap of $4.94 billion, a PE ratio of 5.02 and a beta of 0.61. The firm has a 50 day simple moving average of $329.89 and a 200-day simple moving average of $325.58. Enstar Group Limited has a one year low of $275.02 and a one year 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.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Thursday, March 20th. They issued a "hold" rating for the company.

Insider Transactions at Enstar Group

In related 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 value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.00% of the stock is currently owned by corporate insiders.

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.