Sanctuary Advisors LLC Invests $547,000 in Enstar Group Limited (NASDAQ:ESGR)

Sanctuary Advisors LLC bought a new stake in Enstar Group Limited (NASDAQ:ESGR) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,684 shares of the insurance provider’s stock, valued at approximately $547,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Enstar Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after buying an additional 30,831 shares during the period. State Street Corp raised its stake in Enstar Group by 0.3% during the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock valued at $115,101,000 after acquiring an additional 1,130 shares during the last quarter. Harspring Capital Management LLC lifted its position in Enstar Group by 3.6% during the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after acquiring an additional 6,750 shares during the period. Glazer Capital LLC purchased a new position in shares of Enstar Group in the 3rd quarter valued at approximately $59,941,000. Finally, American Century Companies Inc. increased its holdings in shares of Enstar Group by 14.0% in the second quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after purchasing an additional 20,416 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Up 0.2 %

ESGR stock opened at $322.15 on Thursday. Enstar Group Limited has a one year low of $262.54 and a one year high of $348.48. 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 company has a fifty day moving average of $324.25 and a 200-day moving average of $321.92. The stock has a market capitalization of $4.91 billion, a PE ratio of 4.88 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings data 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 firm had revenue of $177.00 million during the quarter.

Insider Activity

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the stock in a transaction 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 transaction, the director now owns 2,179 shares in the company, valued at approximately $704,775.76. This represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Enstar Group in a report on Sunday. 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.