5,000 Shares in Enstar Group Limited (NASDAQ:ESGR) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,000 shares of the insurance provider's stock, valued at approximately $1,610,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased 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 purchasing an additional 1,130 shares during the period. Glazer Capital LLC purchased a new stake in shares of Enstar Group in the third quarter valued at approximately $59,941,000. Decagon Asset Management LLP acquired a new position in Enstar Group during the fourth quarter worth $32,614,000. Alpine Associates Management Inc. raised its position in Enstar Group by 22.9% in the fourth quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider's stock worth $30,104,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in Enstar Group by 65.2% in the fourth quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider's stock valued at $23,232,000 after acquiring an additional 28,476 shares during the period. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Enstar Group in a research note on Friday, March 28th. They set a "hold" rating on the stock.

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Enstar Group Price Performance

Enstar Group stock traded up $0.21 during mid-day trading on Wednesday, reaching $332.27. The company had a trading volume of 65,242 shares, compared to its average volume of 92,145. The stock's 50-day simple moving average is $330.68 and its 200-day simple moving average is $326.16. The company has a market capitalization of $4.95 billion, a P/E ratio of 5.03 and a beta of 0.61. 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 Limited has a 1 year low of $275.02 and a 1 year high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.33% and a net margin of 73.26%.

Insider Transactions at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the firm's stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.