Geode Capital Management LLC Acquires 4,701 Shares of Enstar Group Ltd. (ESGR)

Geode Capital Management LLC lifted its position in shares of Enstar Group Ltd. (NASDAQ:ESGR) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,932 shares of the insurance provider’s stock after buying an additional 4,701 shares during the period. Geode Capital Management LLC owned approximately 0.75% of Enstar Group worth $26,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Enstar Group by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 51,226 shares of the insurance provider’s stock worth $10,619,000 after acquiring an additional 565 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Enstar Group by 6.2% during the third quarter. Russell Investments Group Ltd. now owns 9,546 shares of the insurance provider’s stock worth $1,990,000 after acquiring an additional 555 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Enstar Group by 61.0% during the third quarter. JPMorgan Chase & Co. now owns 5,470 shares of the insurance provider’s stock worth $1,141,000 after acquiring an additional 2,072 shares during the last quarter. Commonwealth Bank of Australia bought a new position in shares of Enstar Group during the third quarter worth about $166,000. Finally, Swiss National Bank raised its position in shares of Enstar Group by 9.6% during the third quarter. Swiss National Bank now owns 17,200 shares of the insurance provider’s stock worth $3,586,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.

NASDAQ ESGR opened at $175.01 on Tuesday. Enstar Group Ltd. has a fifty-two week low of $150.32 and a fifty-two week high of $223.45. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.76 billion, a P/E ratio of 23.01 and a beta of 0.74.

A number of brokerages have weighed in on ESGR. ValuEngine downgraded Enstar Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. BidaskClub lowered Enstar Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th.

In other Enstar Group news, CEO Dominic Francis Mich Silvester purchased 27,775 shares of Enstar Group stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of $169.88 per share, with a total value of $4,718,417.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Paul James O’shea purchased 6,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $167.41 per share, for a total transaction of $1,004,460.00. Following the completion of the acquisition, the president now owns 41,004 shares of the company’s stock, valued at approximately $6,864,479.64. The disclosure for this purchase can be found here. Insiders bought 41,095 shares of company stock worth $6,960,332 over the last ninety days. Insiders own 10.00% of the company’s stock.

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Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

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Institutional Ownership by Quarter for Enstar Group (NASDAQ:ESGR)

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