Enstar Group Limited (NASDAQ:ESGR) Stock Position Cut by Algert Global LLC

Algert Global LLC lessened its stake in Enstar Group Limited (NASDAQ:ESGR) by 58.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,140 shares of the insurance provider’s stock after selling 5,810 shares during the period. Algert Global LLC’s holdings in Enstar Group were worth $1,266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. grew its position in Enstar Group by 0.5% in the 2nd 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 in the last quarter. Arizona State Retirement System grew its position in Enstar Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after buying an additional 63 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Enstar Group by 3.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock valued at $526,000 after purchasing an additional 65 shares in the last quarter. CWM LLC boosted its position in shares of Enstar Group by 57.6% during the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 68 shares in the last quarter. Finally, Xponance Inc. boosted its position in shares of Enstar Group by 11.4% during the 2nd quarter. Xponance Inc. now owns 808 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $323.36 on Friday. Enstar Group Limited has a twelve month low of $229.57 and a twelve 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 50-day moving average of $322.04 and a 200-day moving average of $311.81. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 6.28 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Monday, July 29th. The insurance provider reported $10.78 earnings per share 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.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research report on Thursday. They set a “hold” rating for the company.

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.