Vestcor Inc Takes Position in Enstar Group Limited (NASDAQ:ESGR)

Vestcor Inc acquired a new stake in Enstar Group Limited (NASDAQ:ESGR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 298 shares of the insurance provider’s stock, valued at approximately $96,000.

Several other large investors have also made changes to their positions in the business. Longfellow Investment Management Co. LLC bought a new stake in shares of Enstar Group in the third quarter worth about $50,000. Key Financial Inc bought a new stake in shares of Enstar Group in the fourth quarter worth about $52,000. KBC Group NV increased its holdings in shares of Enstar Group by 39.7% in the fourth 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. R Squared Ltd bought a new stake in shares of Enstar Group in the fourth quarter worth about $174,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Enstar Group by 484.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 877 shares of the insurance provider’s stock worth $282,000 after purchasing an additional 727 shares during the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Enstar Group in a report on Wednesday, March 12th. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now directly owns 2,179 shares of the company’s stock, valued at $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.00% of the stock is currently owned by insiders.

Enstar Group Trading Down 0.2 %

Shares of ESGR stock opened at $332.00 on Wednesday. Enstar Group Limited has a 12-month low of $275.02 and a 12-month high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average price is $329.44 and its 200-day moving average price is $325.30. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61.

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

Enstar Group 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.