Norges Bank Takes Position in Enstar Group Limited (NASDAQ:ESGR)

Norges Bank bought a new position in shares of Enstar Group Limited (NASDAQ:ESGR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 132,016 shares of the insurance provider’s stock, valued at approximately $42,516,000. Norges Bank owned approximately 0.87% of Enstar Group at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Decagon Asset Management LLP acquired a new position in shares of Enstar Group during the fourth quarter worth about $32,614,000. Picton Mahoney Asset Management lifted its stake in Enstar Group by 65.2% in the fourth quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider’s stock worth $23,232,000 after acquiring an additional 28,476 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Enstar Group by 73.1% in the 4th quarter. JPMorgan Chase & Co. now owns 65,123 shares of the insurance provider’s stock valued at $20,973,000 after purchasing an additional 27,491 shares during the last quarter. Alpine Associates Management Inc. raised its holdings in shares of Enstar Group by 22.9% in the 4th quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider’s stock valued at $30,104,000 after purchasing an additional 17,400 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Enstar Group during the 4th quarter worth $5,346,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enstar Group in a report on Saturday. They issued a “hold” rating on the stock.

Insider Activity at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.00% of the stock is owned by corporate insiders.

Enstar Group Trading Up 0.0 %

ESGR opened at $332.41 on Friday. The business’s 50-day simple moving average is $330.90 and its 200-day simple moving average is $326.28. The company has a market cap of $4.95 billion, a P/E ratio of 5.03 and a beta of 0.61. Enstar Group Limited has a one year low of $275.02 and a one year high of $348.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33.

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

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.