Creative Planning Raises Holdings in Enstar Group Limited (NASDAQ:ESGR)

Creative Planning lifted its stake in Enstar Group Limited (NASDAQ:ESGR) by 26.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,785 shares of the insurance provider’s stock after buying an additional 585 shares during the quarter. Creative Planning’s holdings in Enstar Group were worth $896,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ESGR. Janus Henderson Group PLC boosted its position in Enstar Group by 87.4% during the first quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock worth $3,054,000 after purchasing an additional 4,586 shares in the last quarter. Swiss National Bank boosted its position in Enstar Group by 8.6% during the first quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after purchasing an additional 1,900 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Enstar Group by 48.6% during the first quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock worth $2,577,000 after purchasing an additional 2,713 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Enstar Group by 759.1% during the first quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock worth $1,984,000 after purchasing an additional 5,640 shares in the last quarter. Finally, Harspring Capital Management LLC boosted its position in Enstar Group by 3.6% during the second quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after purchasing an additional 6,750 shares in the last quarter. 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 research report on Sunday, October 27th. They set a “hold” rating on the stock.

Enstar Group Stock Performance

NASDAQ ESGR opened at $321.74 on Friday. The company has a market cap of $4.90 billion, a PE ratio of 5.49 and a beta of 0.66. The stock’s 50 day simple moving average is $322.32 and its 200-day simple moving average is $315.22. Enstar Group Limited has a 1-year low of $237.76 and a 1-year high of $348.48. 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 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.