Mirae Asset Global Investments Co. Ltd. Acquires 727 Shares of Enstar Group Limited (NASDAQ:ESGR)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Enstar Group Limited (NASDAQ:ESGR) by 484.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 877 shares of the insurance provider’s stock after acquiring an additional 727 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Enstar Group were worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp grew its position in Enstar Group by 0.3% in the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock worth $115,101,000 after purchasing an additional 1,130 shares during the last quarter. Glazer Capital LLC acquired a new stake in Enstar Group during the third quarter worth about $59,941,000. Alpine Associates Management Inc. bought a new position in Enstar Group during the third quarter valued at about $24,465,000. JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 2,498 shares in the last quarter. Finally, Slotnik Capital LLC acquired a new position in Enstar Group in the 3rd quarter valued at approximately $10,291,000. Institutional investors own 81.01% of the company’s stock.

Enstar Group Trading Up 0.4 %

Shares of ESGR stock opened at $330.47 on Friday. The firm has a fifty day moving average of $325.62 and a 200-day moving average of $323.83. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 5.00 and a beta of 0.64. Enstar Group Limited has a 52-week low of $271.85 and a 52-week 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 posted its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The firm had revenue of $177.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Enstar Group in a research report on Saturday, February 8th. They set a “hold” rating on the stock.

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now owns 2,179 shares in the company, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.00% of the stock is currently owned by insiders.

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.