Gamco Investors INC. ET AL Grows Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

Gamco Investors INC. ET AL raised its stake in Enstar Group Limited (NASDAQ:ESGR) by 53.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,200 shares of the insurance provider’s stock after buying an additional 3,550 shares during the period. Gamco Investors INC. ET AL’s holdings in Enstar Group were worth $3,285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Key Financial Inc acquired a new stake in Enstar Group in the fourth quarter valued at $52,000. Vestcor Inc purchased a new stake in shares of Enstar Group in the fourth quarter valued at about $96,000. Sterling Capital Management LLC grew its position in shares of Enstar Group by 825.0% in the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 363 shares during the last quarter. KBC Group NV raised its position in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 137 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Enstar Group in the 4th quarter valued at approximately $171,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Enstar Group in a report on Saturday, April 5th. They issued a “hold” rating for the company.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.00% of the stock is owned by company insiders.

Enstar Group Stock Performance

Shares of NASDAQ ESGR opened at $334.01 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $4.97 billion, a PE ratio of 5.06 and a beta of 0.56. The company has a 50-day simple moving average of $331.93 and a 200-day simple moving average of $327.05. Enstar Group Limited has a 12 month low of $276.32 and a 12 month high of $348.48.

Enstar Group (NASDAQ:ESGR) last issued 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 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.