Goldman Sachs Group Inc. boosted its position in Enstar Group Ltd. (NASDAQ:ESGR) by 17.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,968 shares of the insurance provider’s stock after purchasing an additional 36,173 shares during the quarter. Goldman Sachs Group Inc. owned about 1.23% of Enstar Group worth $47,973,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in Enstar Group by 1,003.2% in the 4th quarter. US Bancorp DE now owns 684 shares of the insurance provider’s stock valued at $137,000 after purchasing an additional 622 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Enstar Group during the 3rd quarter valued at $206,000. Virtu Financial LLC bought a new stake in shares of Enstar Group during the 4th quarter valued at $236,000. Citadel Advisors LLC bought a new stake in shares of Enstar Group during the 4th quarter valued at $273,000. Finally, Jefferies Group LLC bought a new stake in shares of Enstar Group during the 4th quarter valued at $321,000. Institutional investors and hedge funds own 81.77% of the company’s stock.
Separately, BidaskClub downgraded Enstar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st.
Shares of Enstar Group Ltd. (NASDAQ:ESGR) opened at $216.30 on Tuesday. The firm has a market capitalization of $4,198.50, a price-to-earnings ratio of 13.59 and a beta of 0.78. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.21. Enstar Group Ltd. has a 1 year low of $180.50 and a 1 year high of $237.30.
Enstar Group (NASDAQ:ESGR) last released its earnings results on Wednesday, February 28th. The insurance provider reported $5.90 earnings per share for the quarter. The firm had revenue of $228.54 million during the quarter. Enstar Group had a return on equity of 10.00% and a net margin of 28.14%.
About Enstar Group
Enstar Group Limited is an insurance group that offers capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia and other international locations. The Company’s segments include Non-Life Run-Off, Atrium, StarStone, and Life and Annuities.
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