Fmr LLC Sells 380,649 Shares of Enstar Group Limited (NASDAQ:ESGR)

Fmr LLC lessened its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 99.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,043 shares of the insurance provider’s stock after selling 380,649 shares during the quarter. Fmr LLC’s holdings in Enstar Group were worth $657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ESGR. Farmers & Merchants Investments Inc. bought a new position in Enstar Group in the 2nd quarter worth $31,000. GAMMA Investing LLC increased its position in shares of Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after buying an additional 82 shares during the period. Blue Trust Inc. raised its stake 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 buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Enstar Group in the third quarter worth about $48,000. Finally, Longfellow Investment Management Co. LLC purchased a new stake in Enstar Group in the third quarter worth about $50,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Enstar Group in a research report on Saturday. They issued a “hold” rating for the company.

Enstar Group Stock Performance

Shares of Enstar Group stock opened at $323.90 on Wednesday. Enstar Group Limited has a 12 month low of $262.54 and a 12 month high of $348.48. The firm has a market capitalization of $4.93 billion, a P/E ratio of 4.90 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $324.16 and a two-hundred day simple moving average of $321.21.

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

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.