Enstar Group Limited (NASDAQ:ESGR) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 640.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,313 shares of the insurance provider's stock after purchasing an additional 22,761 shares during the period. Sequoia Financial Advisors LLC owned about 0.17% of Enstar Group worth $8,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its holdings in Enstar Group by 0.5% during the second quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider's stock worth $2,127,000 after buying an additional 38 shares during the period. CWM LLC lifted its stake in shares of Enstar Group by 22.0% during the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider's stock worth $73,000 after purchasing an additional 41 shares during the last quarter. Arizona State Retirement System boosted its position in 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 purchasing an additional 63 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Enstar Group by 3.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider's stock valued at $526,000 after purchasing an additional 65 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider's stock worth $43,000 after purchasing an additional 65 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Enstar Group Stock Performance

Shares of Enstar Group stock traded up $1.54 during midday trading on Wednesday, hitting $325.30. The company had a trading volume of 55,583 shares, compared to its average volume of 75,718. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 6.29 and a beta of 0.66. Enstar Group Limited has a 12-month low of $231.24 and a 12-month high of $348.48. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $321.90 and a 200 day simple moving average of $313.79.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its earnings results on Monday, July 29th. The insurance provider reported $10.78 EPS for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%. The firm had revenue of $159.00 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Enstar Group in a research report on Saturday. They issued a "hold" rating for the company.

Enstar Group Company 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.