Grantham Mayo Van Otterloo & Co. LLC Increases Position in Enstar Group Limited (NASDAQ:ESGR)

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,793 shares of the insurance provider’s stock after purchasing an additional 2,042 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.29% of Enstar Group worth $14,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Key Financial Inc purchased a new position in Enstar Group in the fourth quarter worth about $52,000. Vestcor Inc purchased a new position in Enstar Group in the 4th quarter worth approximately $96,000. KBC Group NV lifted its position in Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 137 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Enstar Group during the 4th quarter valued at $171,000. Finally, R Squared Ltd bought a new stake in shares of Enstar Group in the 4th quarter worth $174,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Enstar Group in a report on Saturday. They set a “hold” rating on the stock.

Insider Activity at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by company insiders.

Enstar Group Stock Performance

Shares of ESGR stock opened at $332.41 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $330.90 and a 200-day moving average price of $326.37. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48. The firm has a market capitalization of $4.95 billion, a PE ratio of 5.03 and a beta of 0.56.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The business 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%.

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.