Marshall Wace LLP Purchases 40,874 Shares of Enstar Group Limited (NASDAQ:ESGR)

Marshall Wace LLP boosted its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 869.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,574 shares of the insurance provider's stock after buying an additional 40,874 shares during the quarter. Marshall Wace LLP owned approximately 0.30% of Enstar Group worth $14,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Key Financial Inc bought a new stake in shares of Enstar Group in the 4th quarter valued at about $52,000. NewEdge Advisors LLC boosted its stake in shares of Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after purchasing an additional 31 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Enstar Group during the fourth quarter worth $96,000. Sterling Capital Management LLC lifted its holdings in Enstar Group by 825.0% in the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after buying an additional 363 shares during the period. Finally, KBC Group NV boosted its position in Enstar Group by 39.7% during the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 81.01% of the company's stock.

Enstar Group Stock Down 0.1 %

Shares of Enstar Group stock traded down $0.31 during trading on Wednesday, reaching $334.15. 85,115 shares of the company traded hands, compared to its average volume of 97,652. Enstar Group Limited has a 1-year low of $286.80 and a 1-year high of $348.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $4.97 billion, a PE ratio of 5.06 and a beta of 0.56. The company has a 50 day moving average price of $332.40 and a 200-day moving average price of $327.50.

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

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction dated Tuesday, March 18th. The shares were 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.00% of the company's stock.

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.