NFC Investments LLC Has $21.10 Million Holdings in Enstar Group Limited (NASDAQ:ESGR)

NFC Investments LLC reduced its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,514 shares of the insurance provider’s stock after selling 460 shares during the quarter. Enstar Group accounts for approximately 5.8% of NFC Investments LLC’s holdings, making the stock its 5th biggest position. NFC Investments LLC owned about 0.43% of Enstar Group worth $21,099,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. State Street Corp grew its stake 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 purchasing an additional 1,130 shares during the period. Glazer Capital LLC bought a new position in shares of Enstar Group during the 3rd quarter valued at approximately $59,941,000. Alpine Associates Management Inc. grew its stake 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 valued at $30,104,000 after acquiring an additional 17,400 shares during the period. Picton Mahoney Asset Management grew its stake in shares of Enstar Group by 65.2% during the 4th quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider’s stock valued at $23,232,000 after acquiring an additional 28,476 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock valued at $12,102,000 after acquiring an additional 2,498 shares during the period. 81.01% of the stock is currently owned by institutional investors.

Enstar Group Trading Down 0.1 %

Shares of NASDAQ:ESGR opened at $331.94 on Monday. The stock has a 50 day moving average of $329.23 and a 200 day moving average of $325.21. The company has a market cap of $4.94 billion, a PE ratio of 5.02 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 12-month low of $275.02 and a 12-month high of $348.48.

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

Insider Buying and Selling

In related news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the transaction, the director now directly owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.00% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Enstar Group in a research note on Wednesday, March 12th. 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.