Quantbot Technologies LP Invests $171,000 in Enstar Group Limited (NASDAQ:ESGR)

Quantbot Technologies LP purchased a new stake in Enstar Group Limited (NASDAQ:ESGR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 531 shares of the insurance provider’s stock, valued at approximately $171,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in shares of Enstar Group by 10.6% during the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after purchasing an additional 1,198 shares during the period. Cerity Partners LLC boosted its holdings in shares of Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock valued at $1,303,000 after buying an additional 90 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Enstar Group by 35.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,469 shares of the insurance provider’s stock valued at $2,080,000 after acquiring an additional 1,692 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Enstar Group by 57.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,147 shares of the insurance provider’s stock worth $690,000 after purchasing an additional 782 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Enstar Group by 49.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642 shares of the insurance provider’s stock valued at $9,533,000 after acquiring an additional 9,807 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Enstar Group in a research note on Friday. They set a “hold” rating on the stock.

Insider Transactions at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the company’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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.00% of the company’s stock.

Enstar Group Stock Down 0.1 %

Shares of NASDAQ:ESGR opened at $332.37 on Monday. The stock has a 50-day simple moving average of $330.37 and a 200-day simple moving average of $325.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a 1 year low of $275.02 and a 1 year high of $348.48. The stock has a market capitalization of $4.95 billion, a P/E ratio of 5.03 and a beta of 0.61.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 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 $240.00 million for the quarter.

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.