Victory Capital Management Inc. Reduces Position in Enstar Group Limited (NASDAQ:ESGR)

Victory Capital Management Inc. cut its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 51.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,442 shares of the insurance provider's stock after selling 1,502 shares during the period. Victory Capital Management Inc.'s holdings in Enstar Group were worth $464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Enstar Group during the 4th quarter valued at $5,346,000. Wolverine Asset Management LLC boosted its stake in shares of Enstar Group by 175.3% in the 4th 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 during the last quarter. Citigroup Inc. increased its position in Enstar Group by 10.6% during the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider's stock valued at $4,015,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Syquant Capital Sas bought a new position in Enstar Group in the fourth quarter valued at about $5,295,000. Institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

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

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Enstar Group Stock Performance

ESGR stock traded up $2.06 during midday trading on Wednesday, reaching $333.99. 173,007 shares of the company's stock traded hands, compared to its average volume of 87,938. 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 52-week low of $275.02 and a 52-week high of $348.48. The stock has a market cap of $4.97 billion, a P/E ratio of 5.06 and a beta of 0.61. The stock's 50-day moving average is $330.00 and its 200 day moving average is $325.67.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share 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%.

Insider Activity at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the firm's stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this link. 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.