Decagon Asset Management LLP Purchases New Holdings in Enstar Group Limited (NASDAQ:ESGR)

Decagon Asset Management LLP purchased a new stake in Enstar Group Limited (NASDAQ:ESGR) in the fourth quarter, HoldingsChannel reports. The firm purchased 101,271 shares of the insurance provider’s stock, valued at approximately $32,614,000. Enstar Group accounts for approximately 11.9% of Decagon Asset Management LLP’s investment portfolio, making the stock its biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of ESGR. Meeder Asset Management Inc. acquired a new stake in shares of Enstar Group in the third quarter valued at approximately $1,517,000. Alpine Associates Management Inc. acquired a new stake in Enstar Group during the 3rd quarter worth $24,465,000. Intech Investment Management LLC acquired a new stake in Enstar Group during the 3rd quarter worth $930,000. Citigroup Inc. grew its holdings 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 acquiring an additional 1,198 shares during the period. Finally, Cerity Partners LLC grew its holdings in 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 acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 81.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction 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 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 document filed with the SEC, which is available through this hyperlink. Insiders own 8.00% of the company’s stock.

Enstar Group Price Performance

ESGR opened at $332.00 on Wednesday. The company has a fifty day moving average price of $329.44 and a two-hundred day moving average price of $325.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48. The firm has a market capitalization of $4.94 billion, a PE ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The company 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%.

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.