Enstar Group Limited (NASDAQ:ESGR) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 168.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,766 shares of the insurance provider’s stock after acquiring an additional 4,875 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Enstar Group worth $2,501,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Enstar Group by 0.3% in the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock valued at $115,101,000 after purchasing an additional 1,130 shares during the last quarter. Glazer Capital LLC acquired a new position in shares of Enstar Group in the 3rd quarter valued at $59,941,000. Alpine Associates Management Inc. boosted 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 during the last quarter. Picton Mahoney Asset Management boosted its holdings in shares of Enstar Group by 65.2% in the 4th quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider’s stock valued at $23,232,000 after purchasing an additional 28,476 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock valued at $12,102,000 after purchasing an additional 2,498 shares during the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Insider Activity

In related news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction on Tuesday, March 18th. The shares were 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 the SEC website. Insiders own 8.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Enstar Group in a report on Thursday. They issued a “hold” rating on the stock.

Enstar Group Stock Performance

Shares of ESGR stock opened at $332.00 on Friday. The company’s fifty day simple moving average is $329.64 and its 200-day simple moving average is $325.39. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.94 billion, a PE ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last issued its 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.

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.