Enstar Group Limited (NASDAQ:ESGR) Director Sells $160,770.28 in Stock

Enstar Group Limited (NASDAQ:ESGR) Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction dated Tuesday, March 18th. The stock was 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 can be accessed through this link.

Enstar Group Stock Up 0.0 %

ESGR stock opened at $332.05 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 firm’s fifty day simple moving average is $329.76 and its 200-day simple moving average is $325.43. Enstar Group Limited has a 12 month low of $275.02 and a 12 month high of $348.48. The company has a market capitalization of $4.94 billion, a P/E 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 return on equity of 17.33% and a net margin of 73.26%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Enstar Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider’s stock worth $374,067,000 after purchasing an additional 3,081 shares during the period. State Street Corp grew its position in Enstar Group by 0.3% during the third quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock valued at $115,101,000 after buying an additional 1,130 shares during the period. Tudor Investment Corp ET AL increased its holdings in Enstar Group by 175.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider’s stock valued at $83,177,000 after buying an additional 164,649 shares in the last quarter. FIL Ltd raised its position in shares of Enstar Group by 6.2% in the fourth quarter. FIL Ltd now owns 249,790 shares of the insurance provider’s stock worth $80,445,000 after acquiring an additional 14,475 shares during the period. Finally, Glazer Capital LLC acquired a new position in shares of Enstar Group in the third quarter worth about $59,941,000. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Enstar Group in a report on Thursday. They set 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.