Verition Fund Management LLC purchased a new stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,466 shares of the insurance provider's stock, valued at approximately $3,044,000. Verition Fund Management LLC owned about 0.06% of Enstar Group as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new position in shares of Enstar Group during the second quarter worth $31,000. GAMMA Investing LLC lifted its stake in Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider's stock worth $37,000 after acquiring an additional 82 shares in the last quarter. Blue Trust Inc. lifted its stake in Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider's stock worth $43,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Enstar Group during the 3rd quarter valued at about $48,000. Finally, Longfellow Investment Management Co. LLC acquired a new position in Enstar Group in the 3rd quarter valued at about $50,000. 81.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Enstar Group in a research report on Thursday, November 28th. They set a "hold" rating on the stock.
Check Out Our Latest Research Report on Enstar Group
Enstar Group Stock Down 0.3 %
ESGR stock traded down $1.12 during midday trading on Thursday, hitting $325.73. The company's stock had a trading volume of 15,063 shares, compared to its average volume of 74,900. Enstar Group Limited has a 52-week low of $262.54 and a 52-week high of $348.48. The firm has a 50-day simple moving average of $323.46 and a 200-day simple moving average of $320.22. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $4.96 billion, a P/E ratio of 4.95 and a beta of 0.65.
Enstar Group (NASDAQ:ESGR - Get Free Report) last released its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The firm 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%.
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.
Read More
Before you consider Enstar Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enstar Group wasn't on the list.
While Enstar Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
