Legal & General Group Plc Has $4.53 Million Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Legal & General Group Plc lessened its stake in Enstar Group Limited (NASDAQ:ESGR) by 3.0% during the fourth quarter, Holdings Channel reports. The firm owned 14,080 shares of the insurance provider’s stock after selling 435 shares during the period. Legal & General Group Plc’s holdings in Enstar Group were worth $4,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ESGR. Bank of Montreal Can bought a new position in shares of Enstar Group during the 4th quarter valued at approximately $592,000. Cerity Partners LLC boosted its position in shares of Enstar Group by 26.6% during the 4th quarter. Cerity Partners LLC now owns 5,128 shares of the insurance provider’s stock valued at $1,651,000 after acquiring an additional 1,076 shares during the last quarter. Yakira Capital Management Inc. grew its stake in Enstar Group by 178.6% in the 4th quarter. Yakira Capital Management Inc. now owns 21,830 shares of the insurance provider’s stock worth $7,030,000 after buying an additional 13,995 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Enstar Group by 4.8% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 44,793 shares of the insurance provider’s stock valued at $14,426,000 after acquiring an additional 2,042 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Enstar Group by 7.0% during the 4th quarter. Wells Fargo & Company MN now owns 12,331 shares of the insurance provider’s stock valued at $3,971,000 after purchasing an additional 805 shares during the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. 8.00% of the stock is currently owned by corporate insiders.

Enstar Group Price Performance

ESGR stock opened at $333.63 on Tuesday. 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 stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 5.05 and a beta of 0.56. Enstar Group Limited has a 12-month low of $286.80 and a 12-month high of $348.48. The firm’s 50-day moving average price is $332.26 and its two-hundred day moving average price is $327.41.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (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.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research report on Saturday, April 5th. They issued a “hold” rating on the 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.