Enstar Group Limited (NASDAQ:ESGR) Shares Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 65.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,134 shares of the insurance provider’s stock after acquiring an additional 28,476 shares during the period. Enstar Group makes up approximately 0.7% of Picton Mahoney Asset Management’s portfolio, making the stock its 28th biggest holding. Picton Mahoney Asset Management owned 0.47% of Enstar Group worth $23,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Enstar Group by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after acquiring an additional 2,498 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in Enstar Group during the fourth quarter worth $5,346,000. Wolverine Asset Management LLC grew its holdings in Enstar Group by 175.3% during the fourth quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock worth $1,370,000 after acquiring an additional 2,709 shares during the period. Citigroup Inc. grew its holdings in Enstar Group by 10.6% during the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after acquiring an additional 1,198 shares during the period. Finally, Syquant Capital Sas acquired a new position in Enstar Group during the fourth quarter worth $5,295,000. Institutional investors and hedge funds own 81.01% of the company’s stock.

Enstar Group Trading Down 0.1 %

Shares of ESGR stock opened at $331.94 on Friday. Enstar Group Limited has a fifty-two week low of $275.02 and a fifty-two week high of $348.48. The stock has a market cap of $4.94 billion, a P/E ratio of 5.02 and a beta of 0.61. The business has a fifty day simple moving average of $329.11 and a 200-day simple moving average of $325.17. 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 (NASDAQ:ESGR) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The business had revenue of $240.00 million during the quarter.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction dated Thursday, December 19th. The stock was 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 in the company, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.00% of the company’s stock.

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.