Enstar Group Limited (NASDAQ:ESGR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,123 shares of the insurance provider's stock after buying an additional 27,491 shares during the period. JPMorgan Chase & Co. owned 0.43% of Enstar Group worth $20,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ESGR. Key Financial Inc purchased a new position in shares of Enstar Group in the fourth quarter worth $52,000. Vestcor Inc bought a new position in shares of Enstar Group during the 4th quarter valued at about $96,000. KBC Group NV increased its holdings 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 worth $155,000 after purchasing an additional 137 shares during the last quarter. Quantbot Technologies LP bought a new position in Enstar Group during the fourth quarter valued at approximately $171,000. Finally, R Squared Ltd purchased a new position in Enstar Group during the 4th quarter valued at approximately $174,000. Institutional investors own 81.01% of the company's stock.

Analysts Set New Price Targets

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

Enstar Group Trading Down 0.0 %

Shares of Enstar Group stock traded down $0.15 during trading on Wednesday, hitting $333.48. The stock had a trading volume of 18,137 shares, compared to its average volume of 96,234. Enstar Group Limited has a 12 month low of $275.02 and a 12 month high of $348.48. The firm's fifty day simple moving average is $331.82 and its 200-day simple moving average is $327.01. The stock has a market cap of $4.96 billion, a PE ratio of 5.05 and a beta of 0.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The business had revenue of $240.00 million for the quarter.

Insiders Place Their Bets

In other news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.