Enstar Group Limited (NASDAQ:ESGR) Director Hiteshkumar R. Patel Sells 484 Shares

Enstar Group Limited (NASDAQ:ESGR) Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Enstar Group Price Performance

Shares of Enstar Group stock remained flat at $332.00 during trading on Wednesday. 64,219 shares of the stock traded hands, compared to its average volume of 86,764. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day simple moving average of $329.54 and a two-hundred day simple moving average of $325.35. Enstar Group Limited has a 12-month low of $275.02 and a 12-month high of $348.48. The firm has a market capitalization of $4.94 billion, a PE ratio of 5.03 and a beta of 0.61.

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

Institutional Investors Weigh In On Enstar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock valued at $12,102,000 after acquiring an additional 2,498 shares during the period. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Enstar Group during the 4th quarter worth $5,346,000. Wolverine Asset Management LLC boosted its holdings in Enstar Group by 175.3% in the 4th quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock valued at $1,370,000 after purchasing an additional 2,709 shares during the last quarter. Citigroup Inc. grew its position in Enstar Group by 10.6% in the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after acquiring an additional 1,198 shares during the period. Finally, Syquant Capital Sas purchased a new stake in Enstar Group in the 4th quarter valued at about $5,295,000. Institutional investors and hedge funds own 81.01% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enstar Group in a research report on Wednesday, March 12th. They set a “hold” rating for the company.

About Enstar Group

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.