Enstar Group Limited (NASDAQ:ESGR) Director Hiteshkumar R. Patel Sells 484 Shares

Enstar Group Limited (NASDAQ:ESGR) Director Hiteshkumar R. Patel sold 484 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enstar Group Price Performance

ESGR stock opened at $332.00 on Thursday. The business’s 50 day simple moving average is $329.54 and its 200 day simple moving average is $325.35. Enstar Group Limited has a 1-year low of $275.02 and a 1-year high of $348.48. The firm has a market capitalization of $4.94 billion, a PE ratio of 5.03 and a beta of 0.61. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The company had revenue of $240.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enstar Group in a research report on Thursday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Enstar Group

Several hedge funds have recently bought and sold shares of ESGR. Longfellow Investment Management Co. LLC acquired a new position in shares of Enstar Group in the third quarter valued at approximately $50,000. Key Financial Inc bought a new stake in Enstar Group in the 4th quarter valued at $52,000. NewEdge Advisors LLC grew its holdings in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after buying an additional 31 shares in the last quarter. Vestcor Inc bought a new position in Enstar Group during the 4th quarter worth $96,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Enstar Group by 825.0% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock worth $131,000 after buying an additional 363 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Company 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.