Sequoia Financial Advisors LLC Purchases 1,744 Shares of Enstar Group Limited (NASDAQ:ESGR)

Sequoia Financial Advisors LLC boosted its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,057 shares of the insurance provider’s stock after purchasing an additional 1,744 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Enstar Group were worth $9,036,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ESGR. Glazer Capital LLC acquired a new position in Enstar Group during the 3rd quarter valued at $59,941,000. Alpine Associates Management Inc. acquired a new stake in shares of Enstar Group during the 3rd quarter worth about $24,465,000. Slotnik Capital LLC acquired a new stake in shares of Enstar Group during the 3rd quarter worth about $10,291,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Enstar Group during the 4th quarter worth about $5,346,000. Finally, Syquant Capital Sas bought a new stake in Enstar Group during the 4th quarter worth about $5,295,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Stock Up 0.1 %

Shares of NASDAQ ESGR opened at $331.80 on Thursday. The firm has a market capitalization of $4.94 billion, a PE ratio of 5.02 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 Limited has a 1 year low of $275.02 and a 1 year high of $348.48. The firm’s 50-day moving average is $328.76 and its 200-day moving average is $325.08.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share 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 for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Enstar Group in a report on Wednesday. They set a “hold” rating on the stock.

Insiders Place Their Bets

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now directly owns 2,179 shares in the company, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.