Alpine Associates Management Inc. Buys 17,400 Shares of Enstar Group Limited (NASDAQ:ESGR)

Alpine Associates Management Inc. raised its stake in Enstar Group Limited (NASDAQ:ESGR) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,476 shares of the insurance provider’s stock after acquiring an additional 17,400 shares during the quarter. Enstar Group comprises 1.8% of Alpine Associates Management Inc.’s holdings, making the stock its 18th largest position. Alpine Associates Management Inc.’s holdings in Enstar Group were worth $30,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of ESGR. US Bancorp DE raised its holdings in Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 61 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of Enstar Group by 1.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 6,110 shares of the insurance provider’s stock worth $1,965,000 after purchasing an additional 94 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Enstar Group during the third quarter worth approximately $497,000. Entropy Technologies LP bought a new position in shares of Enstar Group during the third quarter worth approximately $407,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Enstar Group during the third quarter worth approximately $1,517,000. 81.01% of the stock is owned by institutional investors.

Insider Activity at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction that occurred 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 transaction, the director now directly owns 2,179 shares of the company’s stock, valued at $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.00% of the stock is currently owned by insiders.

Enstar Group Stock Up 0.2 %

Shares of ESGR opened at $331.83 on Friday. Enstar Group Limited has a 12 month low of $275.02 and a 12 month high of $348.48. The firm’s 50 day moving average is $328.39 and its 200-day moving average is $324.93. The stock has a market capitalization of $5.05 billion, a PE ratio of 5.02 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Enstar Group in a report on Tuesday, March 4th. They set a “hold” rating on the stock.

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.