Skandinaviska Enskilda Banken AB publ Buys New Stake in Enstar Group Limited (NASDAQ:ESGR)

Skandinaviska Enskilda Banken AB publ bought a new stake in Enstar Group Limited (NASDAQ:ESGR) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,750 shares of the insurance provider’s stock, valued at approximately $2,176,000.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock valued at $12,102,000 after buying an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Enstar Group in the 4th quarter valued at $5,346,000. Wolverine Asset Management LLC grew its position in shares of Enstar Group by 175.3% in the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock valued at $1,370,000 after buying an additional 2,709 shares during the last quarter. Citigroup Inc. grew its position in Enstar Group by 10.6% during the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Syquant Capital Sas purchased a new position in Enstar Group during the 4th quarter worth $5,295,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 2,179 shares in the company, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enstar Group in a research report on Wednesday, March 12th. They set a “hold” rating on the stock.

Enstar Group Trading Down 0.1 %

Shares of Enstar Group stock opened at $331.94 on Monday. Enstar Group Limited has a 1 year low of $275.02 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $4.94 billion, a P/E ratio of 5.02 and a beta of 0.61. The company’s fifty day moving average is $329.23 and its two-hundred day moving average is $325.21.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 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 $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.