MetLife Investment Management LLC Has $2.46 Million Position in Enstar Group Limited (NASDAQ:ESGR)

MetLife Investment Management LLC raised its position in Enstar Group Limited (NASDAQ:ESGR) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,642 shares of the insurance provider’s stock after acquiring an additional 338 shares during the quarter. MetLife Investment Management LLC’s holdings in Enstar Group were worth $2,461,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Enstar Group in the fourth quarter valued at $171,000. JPMorgan Chase & Co. lifted its stake in Enstar Group by 7.1% in the third 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 last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Enstar Group in the fourth quarter valued at $5,346,000. Wolverine Asset Management LLC lifted its stake in Enstar Group by 175.3% in the fourth quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock valued at $1,370,000 after acquiring an additional 2,709 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Enstar Group by 6.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider’s stock valued at $9,036,000 after acquiring an additional 1,744 shares during the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Insider Transactions at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction dated Tuesday, March 18th. The shares were 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 at the SEC website. 8.00% of the stock is currently owned by corporate insiders.

Enstar Group Stock Performance

NASDAQ ESGR opened at $334.07 on Monday. The firm has a 50-day moving average of $332.50 and a 200-day moving average of $327.78. 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 has a market cap of $4.97 billion, a PE ratio of 5.06 and a beta of 0.56. Enstar Group Limited has a 52-week low of $287.99 and a 52-week high of $348.48.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The company 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%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Saturday, April 5th. 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.