Citigroup Inc. Increases Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

Citigroup Inc. boosted its position in Enstar Group Limited (NASDAQ:ESGR) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,485 shares of the insurance provider’s stock after purchasing an additional 1,198 shares during the period. Citigroup Inc. owned about 0.08% of Enstar Group worth $4,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in shares of Enstar Group by 0.5% in the second quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock worth $2,127,000 after buying an additional 38 shares during the period. CWM LLC grew its stake in Enstar Group by 22.0% in the third quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after purchasing an additional 41 shares in the last quarter. US Bancorp DE boosted its position in Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 61 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Enstar Group by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after purchasing an additional 63 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings 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 during the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Enstar Group Trading Down 0.2 %

Shares of Enstar Group stock opened at $325.06 on Wednesday. The stock has a market cap of $4.95 billion, a P/E ratio of 4.92 and a beta of 0.65. The stock’s 50 day simple moving average is $323.35 and its 200-day simple moving average is $320.17. Enstar Group Limited has a 1-year low of $262.54 and a 1-year high of $348.48. 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 released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The firm had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

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.