BNP Paribas Financial Markets Sells 1,683 Shares of Enstar Group Limited (NASDAQ:ESGR)

BNP Paribas Financial Markets lessened its stake in Enstar Group Limited (NASDAQ:ESGR) by 26.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,786 shares of the insurance provider’s stock after selling 1,683 shares during the quarter. BNP Paribas Financial Markets’ holdings in Enstar Group were worth $1,541,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its stake in Enstar Group by 319.2% in the 3rd quarter. Barclays PLC now owns 19,524 shares of the insurance provider’s stock worth $6,278,000 after purchasing an additional 14,867 shares during the period. KBC Group NV boosted its stake in Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 137 shares during the period. R Squared Ltd bought a new position in Enstar Group in the 4th quarter worth about $174,000. Tokio Marine Asset Management Co. Ltd. bought a new position in Enstar Group in the 4th quarter worth about $5,346,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Enstar Group by 484.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 877 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 727 shares during the period. Institutional investors own 81.01% of the company’s stock.

Insider Activity

In related news, Director Hiteshkumar R. Patel sold 484 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hans-Peter Gerhardt sold 407 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total transaction of $135,938.00. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enstar Group Stock Up 0.1%

ESGR opened at $334.40 on Monday. The company has a fifty day moving average price of $333.16 and a 200-day moving average price of $328.88. The firm has a market capitalization of $4.98 billion, a P/E ratio of 5.06 and a beta of 0.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group Limited has a one year low of $291.90 and a one year high of $348.48.

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

About Enstar Group

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.