Cerity Partners LLC Raises Holdings in Enstar Group Limited (NASDAQ:ESGR)

Cerity Partners LLC grew its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,052 shares of the insurance provider’s stock after purchasing an additional 90 shares during the period. Cerity Partners LLC’s holdings in Enstar Group were worth $1,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ESGR. Farmers & Merchants Investments Inc. purchased a new position in Enstar Group in the second quarter worth about $31,000. GAMMA Investing LLC grew its position in Enstar Group by 248.5% in the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 82 shares in the last quarter. Blue Trust Inc. grew its position in Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Enstar Group in the third quarter worth about $48,000. Finally, CWM LLC grew its position in Enstar Group by 57.6% in the second quarter. CWM LLC now owns 186 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Down 0.2 %

Shares of NASDAQ:ESGR opened at $325.06 on Wednesday. Enstar Group Limited has a 1 year low of $262.54 and a 1 year high of $348.48. The business has a 50 day simple moving average of $323.35 and a two-hundred day simple moving average of $320.17. The firm has a market capitalization of $4.95 billion, a PE ratio of 4.92 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33.

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

Analyst Ratings Changes

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

About Enstar Group

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.