Sterling Capital Management LLC Purchases 363 Shares of Enstar Group Limited (NASDAQ:ESGR)

Sterling Capital Management LLC lifted its position in Enstar Group Limited (NASDAQ:ESGR) by 825.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 407 shares of the insurance provider’s stock after acquiring an additional 363 shares during the period. Sterling Capital Management LLC’s holdings in Enstar Group were worth $131,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Enstar Group in the fourth quarter worth $171,000. JPMorgan Chase & Co. grew its stake in shares of Enstar Group by 7.1% in 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. purchased a new position in shares of Enstar Group during the fourth quarter valued at approximately $5,346,000. Wolverine Asset Management LLC lifted its position 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 valued at $1,370,000 after purchasing an additional 2,709 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Enstar Group by 6.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider’s stock worth $9,036,000 after purchasing an additional 1,744 shares during the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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 legal filing with the SEC, which is available at the SEC website. 8.00% of the stock is owned by company insiders.

Enstar Group Stock Performance

Shares of NASDAQ ESGR opened at $333.63 on Tuesday. Enstar Group Limited has a 12-month low of $286.80 and a 12-month high of $348.48. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 5.05 and a beta of 0.56. 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 firm has a 50 day moving average of $332.26 and a 200 day moving average of $327.41.

Enstar Group (NASDAQ:ESGR) last announced its earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The company had revenue of $240.00 million for the quarter.

Enstar Group Company 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.