Wells Fargo & Company MN Acquires 805 Shares of Enstar Group Limited (NASDAQ:ESGR)

Wells Fargo & Company MN lifted its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,331 shares of the insurance provider's stock after acquiring an additional 805 shares during the period. Wells Fargo & Company MN owned approximately 0.08% of Enstar Group worth $3,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ESGR. Key Financial Inc bought a new position in Enstar Group during the 4th quarter worth about $52,000. Vestcor Inc bought a new stake in shares of Enstar Group in the fourth quarter worth $96,000. KBC Group NV lifted its position in Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after buying an additional 137 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Enstar Group in the fourth quarter valued at about $171,000. Finally, R Squared Ltd bought a new stake in Enstar Group during the fourth quarter worth about $174,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Stock Up 0.1 %

ESGR traded up $0.37 during trading on Friday, reaching $334.07. 46,295 shares of the stock were exchanged, compared to its average volume of 97,817. The stock has a market cap of $4.97 billion, a P/E ratio of 5.06 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 stock's 50 day moving average price is $332.50 and its two-hundred day moving average price is $327.69. Enstar Group Limited has a twelve month low of $287.39 and a twelve month high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The business 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%.

Insider Transactions at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Enstar Group in a research report on Saturday, April 5th. 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.