Russell Investments Group Ltd. Sells 107 Shares of Enstar Group Limited (NASDAQ:ESGR)

Russell Investments Group Ltd. reduced its position in Enstar Group Limited (NASDAQ:ESGR) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,013 shares of the insurance provider’s stock after selling 107 shares during the period. Russell Investments Group Ltd.’s holdings in Enstar Group were worth $326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Key Financial Inc bought a new position in shares of Enstar Group during the 4th quarter worth approximately $52,000. Vestcor Inc bought a new position in Enstar Group during the fourth quarter worth $96,000. KBC Group NV boosted its position in Enstar Group by 39.7% during the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 137 shares during the period. Quantbot Technologies LP acquired a new position in shares of Enstar Group in the fourth quarter valued at $171,000. Finally, R Squared Ltd bought a new position in shares of Enstar Group in the fourth quarter valued at about $174,000. Institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

Shares of NASDAQ:ESGR opened at $333.70 on Friday. Enstar Group Limited has a 1 year low of $286.80 and a 1 year high of $348.48. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 5.05 and a beta of 0.56. 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 company’s 50 day simple moving average is $332.46 and its 200 day simple moving average is $327.59.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data 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 during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Enstar Group in a research note on Saturday, April 5th. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group 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 legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.00% of the company’s stock.

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.