Hsbc Holdings PLC Buys 9,543 Shares of Enstar Group Limited (NASDAQ:ESGR)

Hsbc Holdings PLC increased its stake in Enstar Group Limited (NASDAQ:ESGR) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,860 shares of the insurance provider’s stock after purchasing an additional 9,543 shares during the period. Hsbc Holdings PLC owned approximately 0.29% of Enstar Group worth $14,461,000 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 acquired a new stake in shares of Enstar Group in the 4th quarter valued at $52,000. NewEdge Advisors LLC lifted its position in shares of Enstar Group by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after buying an additional 31 shares during the last quarter. Vestcor Inc acquired a new stake in Enstar Group in the fourth quarter valued at about $96,000. Sterling Capital Management LLC grew its position in Enstar Group by 825.0% in the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 363 shares during the last quarter. Finally, KBC Group NV raised its stake 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 acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Insider Activity at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enstar Group in a report on Saturday, April 5th. They set a “hold” rating on the stock.

Enstar Group Stock Performance

NASDAQ ESGR opened at $334.07 on Monday. The firm’s fifty day moving average price is $332.50 and its two-hundred day moving average price is $327.78. The stock has a market cap of $4.97 billion, a PE ratio of 5.06 and a beta of 0.56. 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 fifty-two week low of $287.99 and a fifty-two week high of $348.48.

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 business had revenue of $240.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

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.