JPMorgan Chase & Co. Acquires 2,498 Shares of Enstar Group Limited (NASDAQ:ESGR)

JPMorgan Chase & Co. lifted its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 7.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 37,632 shares of the insurance provider’s stock after purchasing an additional 2,498 shares during the period. JPMorgan Chase & Co. owned 0.25% of Enstar Group worth $12,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in Enstar Group by 52.8% in the third quarter. Franklin Resources Inc. now owns 15,888 shares of the insurance provider’s stock valued at $5,118,000 after acquiring an additional 5,489 shares during the last quarter. Tidal Investments LLC boosted its holdings in Enstar Group by 15.6% during the third quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider’s stock worth $738,000 after buying an additional 310 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Enstar Group in the third quarter valued at approximately $547,000. Barclays PLC raised its stake in Enstar Group by 319.2% during the 3rd quarter. Barclays PLC now owns 19,524 shares of the insurance provider’s stock worth $6,278,000 after buying an additional 14,867 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Enstar Group during the 3rd quarter valued at about $2,885,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Trading Down 0.3 %

NASDAQ:ESGR opened at $326.01 on Monday. The company has a market cap of $4.97 billion, a P/E ratio of 4.94 and a beta of 0.65. Enstar Group Limited has a twelve month low of $262.54 and a twelve month high of $348.48. The business has a 50 day moving average price of $324.36 and a two-hundred day moving average price of $323.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last announced its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The business had revenue of $177.00 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Enstar Group in a report on Tuesday, January 7th. They issued a “hold” rating on the stock.

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the completion of the sale, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.00% of the company’s stock.

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.