KLP Kapitalforvaltning AS Takes Position in Enstar Group Limited (NASDAQ:ESGR)

KLP Kapitalforvaltning AS bought a new position in shares of Enstar Group Limited (NASDAQ:ESGR) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,000 shares of the insurance provider’s stock, valued at approximately $1,610,000.

A number of other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Enstar Group during the third quarter worth $930,000. Citigroup Inc. boosted its stake in Enstar Group by 10.6% in the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after buying an additional 1,198 shares during the last quarter. Cerity Partners LLC grew its holdings in Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock valued at $1,303,000 after buying an additional 90 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Enstar Group by 35.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,469 shares of the insurance provider’s stock valued at $2,080,000 after acquiring an additional 1,692 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Enstar Group by 57.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,147 shares of the insurance provider’s stock worth $690,000 after acquiring an additional 782 shares during the period. Institutional investors and hedge funds own 81.01% of the company’s stock.

Insider Activity at Enstar Group

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 transaction of $160,770.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.00% of the stock is currently owned by insiders.

Enstar Group Trading Down 0.1 %

ESGR stock opened at $332.37 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. The business has a fifty day simple moving average of $330.37 and a 200-day simple moving average of $325.87. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48.

Enstar Group (NASDAQ:ESGR) last announced its quarterly 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 during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Enstar Group in a report on Friday. They issued a “hold” rating for the company.

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.