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

Mackenzie Financial Corp boosted its stake in Enstar Group Limited (NASDAQ:ESGR) by 223.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,862 shares of the insurance provider’s stock after buying an additional 5,431 shares during the period. Mackenzie Financial Corp’s holdings in Enstar Group were worth $2,314,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ESGR. Allworth Financial LP grew its stake 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 purchasing an additional 89 shares during the last quarter. Neville Rodie & Shaw Inc. purchased a new position in shares of Enstar Group during the fourth quarter valued at approximately $221,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Enstar Group during the third quarter valued at approximately $253,000. SG Americas Securities LLC purchased a new stake in Enstar Group in the fourth quarter worth $288,000. Finally, PFG Investments LLC purchased a new position in Enstar Group during the 3rd quarter valued at $315,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Enstar Group Price Performance

ESGR opened at $287.52 on Tuesday. Enstar Group Limited has a 12-month low of $225.81 and a 12-month high of $312.55. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 4.21 and a beta of 0.66. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $293.89 and a two-hundred day simple moving average of $276.79.

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