Enstar Group Limited (NASDAQ:ESGR) Holdings Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Enstar Group Limited (NASDAQ:ESGR) by 484.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 877 shares of the insurance provider’s stock after purchasing an additional 727 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Enstar Group were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ESGR. GAMMA Investing LLC increased its holdings in shares of Enstar Group by 248.5% in the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 82 shares during the period. Blue Trust Inc. lifted its position in Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after buying an additional 65 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Enstar Group during the 3rd quarter valued at $50,000. US Bancorp DE increased its stake in shares of Enstar Group by 40.7% in the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 61 shares during the last quarter. Finally, CWM LLC boosted its position in Enstar Group by 22.0% during the third quarter. CWM LLC now owns 227 shares of the insurance provider’s stock valued at $73,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

Shares of ESGR opened at $330.47 on Friday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 5.00 and a beta of 0.64. The company’s fifty day moving average is $325.62 and its 200-day moving average is $323.83. 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 Limited has a 12 month low of $271.85 and a 12 month high of $348.48.

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

Insider Buying and Selling

In related news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the transaction, the director now directly owns 2,179 shares in the company, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enstar Group in a report on Saturday, February 8th. They set a “hold” rating for the company.

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.