Bernard F. Becker Sells 100 Shares of Enstar Group Limited (NASDAQ:ESGR) Stock

Enstar Group Limited (NASDAQ:ESGR) Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the transaction, the director now owns 2,179 shares in the company, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Enstar Group Stock Performance

Shares of ESGR opened at $321.95 on Friday. The stock has a 50 day moving average of $324.26 and a 200 day moving average of $321.51. 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 Limited has a 12 month low of $262.54 and a 12 month high of $348.48. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 4.87 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. The company had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Enstar Group in a research report on Sunday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Enstar Group

A number of hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its holdings in Enstar Group by 640.8% during the third quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock valued at $8,462,000 after purchasing an additional 22,761 shares during the period. Harspring Capital Management LLC increased its holdings in Enstar Group by 3.6% in the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after acquiring an additional 6,750 shares during the last quarter. Citigroup Inc. increased its holdings in Enstar Group by 10.6% in the 3rd quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock worth $4,015,000 after acquiring an additional 1,198 shares during the last quarter. Cerity Partners LLC raised its stake in Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock valued at $1,303,000 after acquiring an additional 90 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Enstar Group by 2.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock valued at $126,087,000 after purchasing an additional 9,520 shares during the last quarter. Institutional investors own 81.01% 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.