OMERS ADMINISTRATION Corp Purchases 4,100 Shares of Enstar Group Limited (NASDAQ:ESGR)

OMERS ADMINISTRATION Corp lifted its position in Enstar Group Limited (NASDAQ:ESGR) by 205.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,100 shares of the insurance provider’s stock after buying an additional 4,100 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Enstar Group were worth $1,965,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ESGR. Key Financial Inc bought a new stake in shares of Enstar Group in the 4th quarter valued at approximately $52,000. NewEdge Advisors LLC boosted its position in Enstar Group by 17.1% during the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 31 shares during the period. Vestcor Inc bought a new stake in Enstar Group during the fourth quarter worth approximately $96,000. Sterling Capital Management LLC boosted its position in 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 purchasing an additional 363 shares during the period. Finally, 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. Institutional investors own 81.01% of the company’s stock.

Insider Activity

In other news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The disclosure for this sale can be found here. 8.00% of the stock is owned by company insiders.

Enstar Group Stock Down 0.1%

Shares of Enstar Group stock opened at $334.16 on Friday. The stock has a market capitalization of $4.97 billion, a P/E ratio of 5.06 and a beta of 0.71. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $333.10 and a two-hundred day moving average price of $328.74. Enstar Group Limited has a 12-month low of $291.90 and a 12-month high of $348.48.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on Enstar Group in a research report on Saturday, April 5th. 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.