Franklin Resources Inc. Buys 5,489 Shares of Enstar Group Limited (NASDAQ:ESGR)

Franklin Resources Inc. increased its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 52.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,888 shares of the insurance provider's stock after buying an additional 5,489 shares during the quarter. Franklin Resources Inc. owned about 0.10% of Enstar Group worth $5,118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in shares of Enstar Group by 15.6% during the third quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider's stock valued at $738,000 after acquiring an additional 310 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Enstar Group during the 3rd quarter valued at $547,000. Barclays PLC raised its holdings in Enstar Group by 319.2% during the third quarter. Barclays PLC now owns 19,524 shares of the insurance provider's stock worth $6,278,000 after buying an additional 14,867 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Enstar Group in the third quarter valued at $2,885,000. Finally, XTX Topco Ltd grew its holdings in shares of Enstar Group by 42.6% during the third quarter. XTX Topco Ltd now owns 1,648 shares of the insurance provider's stock valued at $530,000 after buying an additional 492 shares during the last quarter. Institutional investors own 81.01% of the company's stock.

Enstar Group Stock Up 0.2 %

Shares of Enstar Group stock traded up $0.55 on Tuesday, hitting $322.15. The company had a trading volume of 54,857 shares, compared to its average volume of 76,295. Enstar Group Limited has a 1 year low of $262.54 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50 day moving average of $324.25 and a 200-day moving average of $321.92. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 4.88 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The business had revenue of $177.00 million during 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 initiated coverage on shares of Enstar Group in a report on Sunday. They issued a "hold" rating on the stock.

Insider Activity

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 value of $32,344.00. Following the transaction, the director now owns 2,179 shares in the company, valued at $704,775.76. The trade was a 4.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.