GABELLI & Co INVESTMENT ADVISERS INC. Has $3.56 Million Position in Enstar Group Limited (NASDAQ:ESGR)

GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 19.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,050 shares of the insurance provider's stock after buying an additional 1,800 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.07% of Enstar Group worth $3,559,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

Enstar Group Stock Up 0.3 %

Shares of ESGR traded up $1.03 during midday trading on Friday, reaching $334.01. 81,286 shares of the stock were exchanged, compared to its average volume of 97,063. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. The firm has a 50 day simple moving average of $332.05 and a 200-day simple moving average of $327.14. Enstar Group Limited has a 12-month low of $276.32 and a 12-month high of $348.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The firm 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 Buying and Selling

In other news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.00% of the stock is currently owned by insiders.

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.