Norges Bank purchased a new stake in shares of Enstar Group Ltd. (NASDAQ:ESGR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 137,854 shares of the insurance provider’s stock, valued at approximately $23,101,000. Norges Bank owned 0.64% of Enstar Group at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of ESGR. BlackRock Inc. lifted its position in Enstar Group by 8.2% during the 3rd quarter. BlackRock Inc. now owns 858,593 shares of the insurance provider’s stock valued at $179,017,000 after acquiring an additional 65,332 shares during the period. Vanguard Group Inc lifted its position in Enstar Group by 7.2% during the 3rd quarter. Vanguard Group Inc now owns 937,209 shares of the insurance provider’s stock valued at $195,408,000 after acquiring an additional 63,170 shares during the period. Vanguard Group Inc. lifted its position in Enstar Group by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 937,209 shares of the insurance provider’s stock valued at $195,408,000 after acquiring an additional 63,170 shares during the period. CI Investments Inc. lifted its position in Enstar Group by 19.7% during the 4th quarter. CI Investments Inc. now owns 280,900 shares of the insurance provider’s stock valued at $47,070,000 after acquiring an additional 46,200 shares during the period. Finally, Westpac Banking Corp purchased a new position in Enstar Group during the 4th quarter valued at about $5,717,000. 71.46% of the stock is owned by institutional investors.
Shares of NASDAQ ESGR opened at $176.24 on Monday. Enstar Group Ltd. has a 1 year low of $150.32 and a 1 year high of $223.45. The stock has a market cap of $3.78 billion, a P/E ratio of 22.98 and a beta of 0.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06.
In other news, COO Orla Gregory bought 5,820 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost of $171.25 per share, with a total value of $996,675.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Paul James O’shea bought 6,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $167.41 per share, with a total value of $1,004,460.00. Following the completion of the acquisition, the president now directly 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. Over the last three months, insiders have purchased 41,095 shares of company stock valued at $6,960,332. 10.00% of the stock is currently owned by corporate insiders.
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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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