Mackenzie Financial Corp Purchases 5,431 Shares of Enstar Group Limited (NASDAQ:ESGR)

Mackenzie Financial Corp raised its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 223.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,862 shares of the insurance provider’s stock after acquiring an additional 5,431 shares during the quarter. Mackenzie Financial Corp’s holdings in Enstar Group were worth $2,314,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ESGR. Harspring Capital Management LLC grew its stake in Enstar Group by 33.2% during the third quarter. Harspring Capital Management LLC now owns 172,446 shares of the insurance provider’s stock worth $41,732,000 after purchasing an additional 42,946 shares during the period. American Century Companies Inc. grew its position in shares of Enstar Group by 111.7% during the 3rd quarter. American Century Companies Inc. now owns 65,727 shares of the insurance provider’s stock worth $15,906,000 after buying an additional 34,674 shares during the period. Mraz Amerine & Associates Inc. increased its stake in shares of Enstar Group by 9.4% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 101,126 shares of the insurance provider’s stock valued at $24,472,000 after acquiring an additional 8,679 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Enstar Group during the 3rd quarter valued at $2,051,000. Finally, First Pacific Advisors LP bought a new position in Enstar Group during the third quarter worth $1,066,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Enstar Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th.

Enstar Group Stock Performance

Shares of Enstar Group stock opened at $287.52 on Tuesday. The business has a 50-day simple moving average of $293.89 and a 200 day simple moving average of $276.79. Enstar Group Limited has a one year low of $225.81 and a one year high of $312.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 4.21 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Tuesday, February 20th. The insurance provider reported $31.02 EPS for the quarter. Enstar Group had a return on equity of 24.87% and a net margin of 78.24%. The firm had revenue of $186.00 million during the quarter.

Enstar Group Company Profile

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.