Guggenheim Capital LLC Decreases Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Guggenheim Capital LLC lessened its position in Enstar Group Limited (NASDAQ:ESGR) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 818 shares of the insurance provider’s stock after selling 70 shares during the quarter. Guggenheim Capital LLC’s holdings in Enstar Group were worth $263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Key Financial Inc purchased a new position in shares of Enstar Group in the fourth quarter valued at approximately $52,000. Vestcor Inc purchased a new position in shares of Enstar Group in the fourth quarter valued at approximately $96,000. Sterling Capital Management LLC lifted its position in shares of Enstar Group by 825.0% in the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 363 shares in the last quarter. KBC Group NV lifted its position in Enstar Group by 39.7% during the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after buying an additional 137 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Enstar Group during the fourth quarter worth approximately $171,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Price Performance

ESGR stock opened at $334.55 on Tuesday. The business has a fifty day moving average of $332.53 and a two-hundred day moving average of $327.86. Enstar Group Limited has a 52-week low of $287.99 and a 52-week high of $348.48. 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 stock has a market cap of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Enstar Group in a research report on Saturday, April 5th. They set a “hold” rating on the stock.

Insiders Place Their Bets

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction dated 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 is accessible through the SEC website. 8.00% of the stock is currently owned by insiders.

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.