Enclave Advisors LLC Has $306,000 Stake in Enstar Group Limited (NASDAQ:ESGR)

Enclave Advisors LLC cut its position in Enstar Group Limited (NASDAQ:ESGR) by 5.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 950 shares of the insurance provider’s stock after selling 50 shares during the quarter. Enclave Advisors LLC’s holdings in Enstar Group were worth $306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Enstar Group by 7.1% during the third 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 in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Enstar Group by 640.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock valued at $8,462,000 after purchasing an additional 22,761 shares during the last quarter. Citigroup Inc. increased its stake in shares of Enstar Group by 10.6% in the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock valued at $4,015,000 after purchasing an additional 1,198 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Enstar Group by 2.3% during the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock worth $1,303,000 after buying an additional 90 shares in the last quarter. Finally, Syquant Capital Sas bought a new stake in shares of Enstar Group during the 4th quarter worth $5,295,000. Institutional investors own 81.01% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Enstar Group in a research report on Wednesday, January 15th. They issued a “hold” rating on the stock.

Enstar Group Price Performance

ESGR stock opened at $327.10 on Wednesday. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 4.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company has a 50 day simple moving average of $324.74 and a 200 day simple moving average of $324.08. Enstar Group Limited has a 1 year low of $262.54 and a 1 year high of $348.48.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 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 company had revenue of $177.00 million during the quarter.

Insiders Place Their Bets

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now directly owns 2,179 shares of the company’s stock, valued at $704,775.76. The trade was a 4.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.00% of the company’s 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.