Charles Schwab Investment Management Inc. Trims Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Charles Schwab Investment Management Inc. decreased its holdings in Enstar Group Limited (NASDAQ:ESGR) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,568 shares of the insurance provider’s stock after selling 4,024 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.84% of Enstar Group worth $41,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new position in shares of Enstar Group during the 2nd quarter worth $31,000. GAMMA Investing LLC increased its position in Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 82 shares during the last quarter. Blue Trust Inc. raised its stake in Enstar Group by 85.5% during the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Enstar Group in the 3rd quarter valued at about $48,000. Finally, CWM LLC grew its stake in shares of Enstar Group by 57.6% in the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

NASDAQ ESGR opened at $325.68 on Tuesday. The stock has a market cap of $4.96 billion, a PE ratio of 4.93 and a beta of 0.65. Enstar Group Limited has a twelve month low of $262.54 and a twelve month high of $348.48. The stock has a fifty day simple moving average of $323.26 and a 200-day simple moving average of $320.07. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The business had revenue of $177.00 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Enstar Group in a report on Thursday, November 28th. They issued a “hold” rating on the stock.

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.