Public Employees Retirement System of Ohio Buys Shares of 8,972 Enstar Group Limited (NASDAQ:ESGR)

Public Employees Retirement System of Ohio acquired a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,972 shares of the insurance provider's stock, valued at approximately $2,885,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Enstar Group at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Enstar Group Stock Performance

NASDAQ ESGR remained flat at $323.90 on Tuesday. 93,742 shares of the company were exchanged, compared to its average volume of 75,526. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 4.90 and a beta of 0.65. The business has a fifty day moving average of $324.16 and a 200 day moving average of $321.21. Enstar Group Limited has a 52 week low of $262.54 and a 52 week 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.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) 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 during the quarter.

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.