Norges Bank Takes $42.52 Million Position in Enstar Group Limited (NASDAQ:ESGR)

Norges Bank bought a new position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 132,016 shares of the insurance provider's stock, valued at approximately $42,516,000. Norges Bank owned approximately 0.87% of Enstar Group as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ESGR. Vanguard Group Inc. grew its position in Enstar Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock worth $374,067,000 after buying an additional 3,081 shares in the last quarter. State Street Corp lifted its position in shares of Enstar Group by 0.3% during the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider's stock valued at $115,101,000 after acquiring an additional 1,130 shares during the period. Decagon Asset Management LLP acquired a new stake in shares of Enstar Group during the 4th quarter worth $32,614,000. Alpine Associates Management Inc. increased its position in shares of 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 purchasing an additional 17,400 shares during the period. Finally, Picton Mahoney Asset Management raised its stake 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 purchasing an additional 28,476 shares in the last quarter. 81.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.00% of the stock is owned by insiders.

Enstar Group Price Performance

Shares of Enstar Group stock traded up $0.70 during midday trading on Wednesday, hitting $332.54. 293,846 shares of the company traded hands, compared to its average volume of 95,380. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The firm's fifty day moving average price is $331.35 and its 200-day moving average price is $326.68. Enstar Group Limited has a 12 month low of $275.02 and a 12 month high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its earnings results on Thursday, February 27th. The insurance provider reported $17.01 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.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Enstar Group in a report on Saturday. They set a "hold" rating for the company.

Enstar Group 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.