Olympiad Research LP Takes $1.50 Million Position in Enstar Group Limited (NASDAQ:ESGR)

Olympiad Research LP acquired a new stake in shares of Enstar Group Limited (NASDAQ:ESGR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,644 shares of the insurance provider’s stock, valued at approximately $1,496,000. Enstar Group comprises 1.6% of Olympiad Research LP’s investment portfolio, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ESGR. CWM LLC lifted its holdings in shares of Enstar Group by 22.0% during the 3rd 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. Creative Planning lifted its holdings in shares of Enstar Group by 26.6% during the 3rd quarter. Creative Planning now owns 2,785 shares of the insurance provider’s stock valued at $896,000 after purchasing an additional 585 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Enstar Group during the 3rd quarter valued at $48,000. Finally, US Bancorp DE lifted its holdings in shares of Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enstar Group in a report on Sunday, February 16th. They set a “hold” rating for the company.

Enstar Group Stock Performance

Shares of ESGR stock opened at $332.53 on Friday. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 5.03 and a beta of 0.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The business has a fifty day moving average of $326.46 and a 200 day moving average of $324.16. Enstar Group Limited has a 1 year low of $275.02 and a 1 year high of $348.48.

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 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 $704,775.76. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.00% of the stock is currently owned by company insiders.

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.