Enstar Group Limited (NASDAQ:ESGR) Stock Position Boosted by Gabelli Funds LLC

Gabelli Funds LLC increased its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,363 shares of the insurance provider's stock after acquiring an additional 7,985 shares during the period. Gabelli Funds LLC owned approximately 0.18% of Enstar Group worth $8,812,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Key Financial Inc acquired a new position in shares of Enstar Group during the fourth quarter worth about $52,000. Vestcor Inc purchased a new position in Enstar Group in the 4th quarter worth approximately $96,000. Sterling Capital Management LLC raised its stake in shares of Enstar Group by 825.0% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after purchasing an additional 363 shares during the period. KBC Group NV boosted its stake in shares of Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after purchasing an additional 137 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Enstar Group during the 4th quarter worth $171,000. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Enstar Group Stock Up 0.1 %

Shares of ESGR stock traded up $0.40 during mid-day trading on Tuesday, reaching $334.03. 27,736 shares of the company were exchanged, compared to its average volume of 96,852. The company has a market capitalization of $4.97 billion, a P/E ratio of 5.06 and a beta of 0.56. The business's 50 day simple moving average is $332.26 and its 200 day simple moving average is $327.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a fifty-two week low of $286.80 and a fifty-two week high of $348.48.

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 (EPS) for the quarter. The business had revenue of $240.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insider Transactions at Enstar Group

In related 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 value of $160,770.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.00% of the company's stock.

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.