Intech Investment Management LLC Grows Holdings in Enstar Group Limited (NASDAQ:ESGR)

Intech Investment Management LLC raised its stake in Enstar Group Limited (NASDAQ:ESGR) by 168.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,766 shares of the insurance provider’s stock after acquiring an additional 4,875 shares during the period. Intech Investment Management LLC’s holdings in Enstar Group were worth $2,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cerity Partners LLC increased its position in shares of Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after purchasing an additional 90 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Enstar Group by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 13,026 shares of the insurance provider’s stock worth $4,188,000 after purchasing an additional 98 shares during the last quarter. Swiss National Bank increased its position in shares of Enstar Group by 0.4% in the 4th quarter. Swiss National Bank now owns 23,900 shares of the insurance provider’s stock worth $7,697,000 after purchasing an additional 100 shares during the last quarter. KBC Group NV increased its position in shares of Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 137 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its position in shares of Enstar Group by 2.6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 6,075 shares of the insurance provider’s stock worth $1,956,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

NASDAQ ESGR opened at $332.00 on Friday. Enstar Group Limited has a one year low of $275.02 and a one year high of $348.48. The company has a 50-day simple moving average of $329.64 and a 200-day simple moving average of $325.39. 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 has a market capitalization of $4.94 billion, a PE ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last posted its quarterly 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 during the quarter.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Enstar Group in a report on Thursday. They issued a “hold” rating for the company.

Insider Activity

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.