BNP Paribas Financial Markets Acquires 2,713 Shares of Enstar Group Limited (NASDAQ:ESGR)

BNP Paribas Financial Markets lifted its holdings in Enstar Group Limited (NASDAQ:ESGR) by 48.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,294 shares of the insurance provider’s stock after acquiring an additional 2,713 shares during the period. BNP Paribas Financial Markets owned 0.05% of Enstar Group worth $2,577,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP lifted its position in shares of Enstar Group by 2,966.7% in the fourth quarter. Allworth Financial LP now owns 92 shares of the insurance provider’s stock worth $27,000 after buying an additional 89 shares in the last quarter. CWM LLC lifted its position in shares of Enstar Group by 293.3% in the first quarter. CWM LLC now owns 118 shares of the insurance provider’s stock worth $37,000 after buying an additional 88 shares in the last quarter. Naples Money Management LLC purchased a new stake in shares of Enstar Group in the fourth quarter worth about $103,000. Xponance Inc. purchased a new stake in shares of Enstar Group in the fourth quarter worth about $213,000. Finally, Connable Office Inc. purchased a new stake in shares of Enstar Group in the fourth quarter worth about $238,000. Institutional investors own 81.01% of the company’s stock.

Enstar Group Price Performance

NASDAQ:ESGR opened at $328.37 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.00 billion, a P/E ratio of 6.38 and a beta of 0.66. Enstar Group Limited has a 12 month low of $229.57 and a 12 month high of $336.88. The business’s 50-day moving average is $309.94 and its 200 day moving average is $295.53.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $9.50 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 18.33% and a net margin of 77.65%. The business had revenue of $171.00 million for the quarter.

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.