OMERS ADMINISTRATION Corp Has $1.97 Million Stake in Enstar Group Limited (NASDAQ:ESGR)

OMERS ADMINISTRATION Corp lifted its position in Enstar Group Limited (NASDAQ:ESGR) by 205.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the insurance provider’s stock after purchasing an additional 4,100 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Enstar Group were worth $1,965,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ESGR. Barclays PLC raised its stake in Enstar Group by 319.2% during the third quarter. Barclays PLC now owns 19,524 shares of the insurance provider’s stock worth $6,278,000 after acquiring an additional 14,867 shares in the last quarter. KBC Group NV raised its stake 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 acquiring an additional 137 shares in the last quarter. R Squared Ltd acquired a new position in Enstar Group during the fourth quarter worth $174,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in Enstar Group during the fourth quarter worth $5,346,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Enstar Group by 484.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 877 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 727 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.

Enstar Group Stock Performance

Shares of NASDAQ:ESGR opened at $334.16 on Friday. Enstar Group Limited has a twelve month low of $291.90 and a twelve month high of $348.48. The firm has a market cap of $4.97 billion, a PE ratio of 5.06 and a beta of 0.71. 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 business has a fifty day moving average of $333.10 and a 200-day moving average of $328.74.

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. 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 during the quarter.

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.