JPMorgan Chase & Co. Has $12.10 Million Position in Enstar Group Limited (NASDAQ:ESGR)

JPMorgan Chase & Co. raised its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 7.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 37,632 shares of the insurance provider's stock after buying an additional 2,498 shares during the period. JPMorgan Chase & Co. owned about 0.25% of Enstar Group worth $12,102,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider's stock worth $37,000 after purchasing an additional 82 shares during the period. Blue Trust Inc. increased its stake in shares of Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Enstar Group during the third quarter worth $48,000. Longfellow Investment Management Co. LLC bought a new position in Enstar Group during the third quarter worth about $50,000. Finally, US Bancorp DE grew its stake in shares of Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider's stock worth $68,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 81.01% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enstar Group in a research note on Tuesday, January 7th. They issued a "hold" rating for the company.

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now directly owns 2,179 shares of the company's stock, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.00% of the stock is owned by insiders.

Enstar Group Stock Performance

Shares of NASDAQ:ESGR opened at $326.44 on Monday. Enstar Group Limited has a 12-month low of $262.54 and a 12-month high of $348.48. The company's 50 day moving average price is $324.36 and its two-hundred day moving average price is $323.51. The firm has a market cap of $4.97 billion, a PE ratio of 4.94 and a beta of 0.65. 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 issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The company had revenue of $177.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

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.