Skandinaviska Enskilda Banken AB publ Purchases New Position in Enstar Group Limited (NASDAQ:ESGR)

Skandinaviska Enskilda Banken AB publ acquired a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,750 shares of the insurance provider's stock, valued at approximately $2,176,000.

Several other hedge funds have also recently bought and sold shares of the company. Vestcor Inc bought a new stake in shares of Enstar Group during the 4th quarter worth about $96,000. Swiss National Bank raised its position in shares of Enstar Group by 0.4% during the 4th quarter. Swiss National Bank now owns 23,900 shares of the insurance provider's stock worth $7,697,000 after buying an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Enstar Group by 6.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock worth $9,036,000 after buying an additional 1,744 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Enstar Group by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the insurance provider's stock worth $745,000 after buying an additional 165 shares in the last quarter. Finally, Alpine Associates Management Inc. raised its position in shares of Enstar Group by 22.9% during the 4th quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider's stock worth $30,104,000 after buying an additional 17,400 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

Enstar Group Price Performance

Shares of ESGR remained flat at $332.00 during mid-day trading on Thursday. 104,161 shares of the stock traded hands, compared to its average volume of 86,955. The company has a fifty day moving average of $329.54 and a 200-day moving average of $325.35. The company has a market cap of $4.94 billion, a PE 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 12 month low of $275.02 and a 12 month high of $348.48.

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

Insider Transactions at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the firm's 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.00% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enstar Group in a research report on Thursday. They set a "hold" rating on the 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.