Decagon Asset Management LLP Purchases Shares of 101,271 Enstar Group Limited (NASDAQ:ESGR)

Decagon Asset Management LLP bought a new stake in Enstar Group Limited (NASDAQ:ESGR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 101,271 shares of the insurance provider’s stock, valued at approximately $32,614,000. Enstar Group accounts for approximately 11.9% of Decagon Asset Management LLP’s holdings, making the stock its largest position. Decagon Asset Management LLP owned about 0.66% of Enstar Group at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Xponance Inc. lifted its stake in shares of Enstar Group by 9.5% in the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock valued at $293,000 after buying an additional 79 shares during the period. Intech Investment Management LLC lifted its stake in shares of Enstar Group by 168.6% in the fourth quarter. Intech Investment Management LLC now owns 7,766 shares of the insurance provider’s stock valued at $2,501,000 after buying an additional 4,875 shares during the period. Cibc World Markets Corp bought a new stake in shares of Enstar Group in the fourth quarter valued at about $381,000. Corient Private Wealth LLC bought a new stake in shares of Enstar Group in the fourth quarter valued at about $354,000. Finally, Picton Mahoney Asset Management lifted its stake in shares of 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 buying an additional 28,476 shares during the period. Institutional investors own 81.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Wednesday, March 12th. They issued a “hold” rating for the company.

Enstar Group Stock Down 0.2 %

Shares of ESGR opened at $332.00 on Wednesday. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. The company has a quick ratio of 0.33, a current 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. The company has a 50-day moving average price of $329.44 and a two-hundred day moving average price of $325.30.

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

Insiders Place Their Bets

In other news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the sale, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.00% of the company’s 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.