Norges Bank Acquires Shares of 132,016 Enstar Group Limited (NASDAQ:ESGR)

Norges Bank bought a new position in shares of Enstar Group Limited (NASDAQ:ESGR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 132,016 shares of the insurance provider’s stock, valued at approximately $42,516,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in Enstar Group by 35.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,469 shares of the insurance provider’s stock worth $2,080,000 after acquiring an additional 1,692 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Enstar Group by 57.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,147 shares of the insurance provider’s stock worth $690,000 after purchasing an additional 782 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Enstar Group by 49.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642 shares of the insurance provider’s stock valued at $9,533,000 after buying an additional 9,807 shares during the last quarter. Captrust Financial Advisors acquired a new position in Enstar Group in the 3rd quarter valued at $850,000. Finally, Holocene Advisors LP purchased a new position in Enstar Group during the 3rd quarter worth $471,000. 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 firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Saturday. They set a “hold” rating on the stock.

Enstar Group Stock Performance

Shares of ESGR stock opened at $332.41 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $330.90 and a 200-day simple moving average of $326.28. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. Enstar Group Limited has a 12-month low of $275.02 and a 12-month high of $348.48.

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

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.