Enstar Group Limited (NASDAQ:ESGR) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC grew its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 26.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,273 shares of the insurance provider’s stock after acquiring an additional 675 shares during the period. Gotham Asset Management LLC’s holdings in Enstar Group were worth $1,054,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ESGR. Key Financial Inc acquired a new stake in shares of Enstar Group during the fourth quarter valued at about $52,000. NewEdge Advisors LLC grew its stake in shares of Enstar Group by 17.1% during the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 31 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Enstar Group during the fourth quarter valued at about $96,000. Sterling Capital Management LLC grew its stake in shares of Enstar Group by 825.0% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 363 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Enstar Group by 39.7% during the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 137 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Stock Performance

Shares of ESGR stock opened at $334.40 on Friday. 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 Limited has a one year low of $291.90 and a one year high of $348.48. The company’s 50-day simple moving average is $333.16 and its 200-day simple moving average is $328.83. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71.

Enstar Group (NASDAQ:ESGR) last issued 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 for the quarter.

Insider Transactions at Enstar Group

In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Enstar Group in a research note on Saturday, April 5th. They set a “hold” rating for the company.

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.