Enstar Group Limited (NASDAQ:ESGR) Shares Purchased by Citigroup Inc.

Citigroup Inc. increased its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,485 shares of the insurance provider’s stock after purchasing an additional 1,198 shares during the period. Citigroup Inc.’s holdings in Enstar Group were worth $4,015,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new position in shares of Enstar Group during the second quarter worth $31,000. GAMMA Investing LLC boosted its stake in Enstar Group by 248.5% in the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 82 shares in the last quarter. Blue Trust Inc. boosted its stake in Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Enstar Group in the third quarter valued at $48,000. Finally, CWM LLC boosted its stake in Enstar Group by 57.6% in the second quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Thursday, November 28th. They issued a “hold” rating for the company.

Enstar Group Stock Performance

NASDAQ ESGR opened at $325.06 on Wednesday. The company has a fifty day moving average of $323.35 and a two-hundred day moving average of $320.17. Enstar Group Limited has a 1 year low of $262.54 and a 1 year high of $348.48. 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 has a market capitalization of $4.95 billion, a PE ratio of 4.92 and a beta of 0.65.

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

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.