Charles Schwab Investment Management Inc. Sells 8,444 Shares of Enstar Group Limited (NASDAQ:ESGR)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,124 shares of the insurance provider's stock after selling 8,444 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.78% of Enstar Group worth $38,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its holdings in Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider's stock worth $68,000 after purchasing an additional 61 shares during the last quarter. Cerity Partners LLC increased its position in shares of Enstar Group by 2.3% during the third quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider's stock worth $1,303,000 after buying an additional 90 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Enstar Group by 1.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 6,110 shares of the insurance provider's stock worth $1,965,000 after buying an additional 94 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Enstar Group by 0.8% in the third quarter. Janus Henderson Group PLC now owns 13,026 shares of the insurance provider's stock valued at $4,188,000 after buying an additional 98 shares during the period. Finally, KBC Group NV boosted its position in Enstar Group by 39.7% during the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after acquiring an additional 137 shares during the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Enstar Group in a research note on Wednesday, March 12th. They issued a "hold" rating on the stock.

Enstar Group Trading Up 0.0 %

Shares of Enstar Group stock traded up $0.11 on Wednesday, reaching $332.11. 29,458 shares of the company's stock were exchanged, compared to its average volume of 113,963. The firm's 50-day moving average is $329.44 and its two-hundred day moving average is $325.30. The company has a market capitalization of $4.94 billion, a P/E ratio of 5.03 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS 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 during the quarter.

Insider Activity at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the sale, the director now owns 2,179 shares in the company, valued at $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.00% of the stock is currently owned by corporate insiders.

Enstar Group 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.