Vanguard Group Inc. Reduces Position in Enstar Group Limited (NASDAQ:ESGR)

Vanguard Group Inc. decreased its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,287,296 shares of the insurance provider’s stock after selling 6,133 shares during the period. Vanguard Group Inc. owned 8.47% of Enstar Group worth $378,916,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ESGR. Norges Bank purchased a new position in Enstar Group during the fourth quarter worth $40,397,000. Crow s Nest Holdings LP purchased a new stake in shares of Enstar Group in the fourth quarter valued at $39,737,000. NFC Investments LLC purchased a new stake in shares of Enstar Group in the fourth quarter valued at $25,720,000. Dimensional Fund Advisors LP grew its position in shares of Enstar Group by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock valued at $213,698,000 after purchasing an additional 39,137 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Enstar Group by 111.7% in the third quarter. American Century Companies Inc. now owns 65,727 shares of the insurance provider’s stock valued at $15,906,000 after purchasing an additional 34,674 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Enstar Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th.

Enstar Group Price Performance

Shares of Enstar Group stock opened at $306.08 on Friday. Enstar Group Limited has a twelve month low of $229.57 and a twelve month high of $319.91. The stock has a market capitalization of $4.66 billion, a P/E ratio of 5.94 and a beta of 0.67. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $303.26 and its 200 day moving average price is $293.27.

Enstar Group (NASDAQ:ESGR) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $9.50 earnings per share for the quarter. The firm had revenue of $171.00 million for the quarter. Enstar Group had a return on equity of 18.33% and a net margin of 77.65%.

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.