FMR LLC cut its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 99.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,043 shares of the insurance provider's stock after selling 380,649 shares during the period. FMR LLC's holdings in Enstar Group were worth $657,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of ESGR. Farmers & Merchants Investments Inc. bought a new position in shares of Enstar Group in the second quarter valued at approximately $31,000. GAMMA Investing LLC increased its position in shares of Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 82 shares during the last quarter. Blue Trust Inc. increased its position in shares of Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Enstar Group during the 3rd quarter worth $48,000. Finally, Longfellow Investment Management Co. LLC purchased a new position in shares of Enstar Group in the 3rd quarter worth about $50,000. 81.01% of the stock is owned by hedge funds and other institutional investors.
Enstar Group Stock Performance
Shares of NASDAQ:ESGR traded down $1.61 during mid-day trading on Wednesday, reaching $322.29. The company had a trading volume of 170,004 shares, compared to its average volume of 75,913. The company's 50-day moving average price is $324.24 and its 200-day moving average price is $321.29. Enstar Group Limited has a one year low of $262.54 and a one year high of $348.48. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 4.88 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.
Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its 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 for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Enstar Group in a report on Saturday. They set a "hold" rating for the company.
View Our Latest Stock Analysis on ESGR
Enstar Group Company Profile
(
Free Report)
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.
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