Daiwa Securities Group Inc. Increases Position in Enstar Group Limited (NASDAQ:ESGR)

Daiwa Securities Group Inc. raised its position in Enstar Group Limited (NASDAQ:ESGR) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,958 shares of the insurance provider’s stock after purchasing an additional 38 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Enstar Group were worth $2,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Enstar Group by 0.5% during the fourth quarter. Victory Capital Management Inc. now owns 8,560 shares of the insurance provider’s stock worth $2,520,000 after acquiring an additional 46 shares during the period. Teacher Retirement System of Texas increased its position in shares of Enstar Group by 53.8% during the fourth quarter. Teacher Retirement System of Texas now owns 2,623 shares of the insurance provider’s stock worth $772,000 after acquiring an additional 917 shares during the period. Beacon Pointe Advisors LLC increased its position in shares of Enstar Group by 10.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 3,667 shares of the insurance provider’s stock worth $1,079,000 after acquiring an additional 335 shares during the period. Norges Bank purchased a new stake in shares of Enstar Group during the fourth quarter worth $40,397,000. Finally, UBS Group AG increased its position in shares of Enstar Group by 19.7% during the fourth quarter. UBS Group AG now owns 30,362 shares of the insurance provider’s stock worth $8,937,000 after acquiring an additional 4,997 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 began coverage on Enstar Group in a report on Monday, September 9th. They issued a “hold” rating on the stock.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $320.88 on Friday. The firm has a market capitalization of $4.89 billion, a PE ratio of 6.23 and a beta of 0.66. The business’s fifty day moving average price is $324.94 and its 200 day moving average price is $309.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. Enstar Group Limited has a 12 month low of $229.57 and a 12 month high of $348.48.

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

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.