Harspring Capital Management LLC Increases Position in Enstar Group Limited (NASDAQ:ESGR)

Harspring Capital Management LLC increased its stake in Enstar Group Limited (NASDAQ:ESGR) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,000 shares of the insurance provider’s stock after acquiring an additional 6,750 shares during the period. Enstar Group comprises about 15.1% of Harspring Capital Management LLC’s holdings, making the stock its 2nd largest holding. Harspring Capital Management LLC owned approximately 1.28% of Enstar Group worth $59,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of ESGR. Dimensional Fund Advisors LP grew its holdings in Enstar Group by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after acquiring an additional 30,831 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Enstar Group by 2.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock worth $126,087,000 after purchasing an additional 9,520 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Enstar Group by 2.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 341,150 shares of the insurance provider’s stock valued at $100,418,000 after purchasing an additional 8,820 shares during the period. American Century Companies Inc. increased its holdings in Enstar Group by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after purchasing an additional 20,416 shares during the period. Finally, Norges Bank purchased a new stake in Enstar Group in the 4th quarter worth approximately $40,397,000. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Enstar Group in a research note on Tuesday, September 17th. They set a “hold” rating on the stock.

Enstar Group Stock Down 0.3 %

Shares of Enstar Group stock opened at $320.02 on Friday. The company’s fifty day simple moving average is $324.39 and its two-hundred day simple moving average is $310.23. Enstar Group Limited has a 12-month low of $229.57 and a 12-month high of $348.48. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The company has a market cap of $4.87 billion, a P/E ratio of 6.21 and a beta of 0.66.

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

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.