Meeder Asset Management Inc. Makes New Investment in Enstar Group Limited (NASDAQ:ESGR)

Meeder Asset Management Inc. purchased a new stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,717 shares of the insurance provider's stock, valued at approximately $1,517,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its position in Enstar Group by 0.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider's stock valued at $2,127,000 after buying an additional 38 shares in the last quarter. CWM LLC increased its stake in Enstar Group by 22.0% during the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider's stock valued at $73,000 after purchasing an additional 41 shares in the last quarter. US Bancorp DE lifted its stake in shares of Enstar Group by 40.7% in the third quarter. US Bancorp DE now owns 211 shares of the insurance provider's stock worth $68,000 after buying an additional 61 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Enstar Group by 1.9% during the second quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider's stock valued at $1,041,000 after buying an additional 63 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Enstar Group by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider's stock valued at $526,000 after acquiring an additional 65 shares in the last quarter. 81.01% of the stock is owned by institutional investors.

Enstar Group Stock Performance

Shares of NASDAQ ESGR traded up $0.01 during trading on Wednesday, hitting $323.83. The company had a trading volume of 41,081 shares, compared to its average volume of 74,385. The stock has a 50 day simple moving average of $322.54 and a 200 day simple moving average of $318.87. The firm has a market capitalization of $4.93 billion, a P/E ratio of 4.90 and a beta of 0.65. 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 12 month low of $262.54 and a 12 month high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The company had revenue of $177.00 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Enstar Group in a report on Wednesday. They set a "hold" rating on the stock.

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.