Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,289 shares of the insurance provider’s stock after selling 53 shares during the period. Teacher Retirement System of Texas’ holdings in Enstar Group were worth $737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Xponance Inc. increased its holdings in shares of Enstar Group by 9.5% in the 4th quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock valued at $293,000 after acquiring an additional 79 shares during the last quarter. Cerity Partners LLC increased its stake in Enstar Group by 2.3% during the third quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock valued at $1,303,000 after purchasing an additional 90 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Enstar Group by 0.8% during the third quarter. Janus Henderson Group PLC now owns 13,026 shares of the insurance provider’s stock worth $4,188,000 after purchasing an additional 98 shares during the period. Swiss National Bank lifted its position in shares of Enstar Group by 0.4% in the 4th quarter. Swiss National Bank now owns 23,900 shares of the insurance provider’s stock worth $7,697,000 after buying an additional 100 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after buying an additional 137 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

Insider Buying and Selling at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Friday. They set a “hold” rating on the stock.

Enstar Group Trading Down 0.1 %

Shares of NASDAQ ESGR opened at $332.37 on Monday. Enstar Group Limited has a 12-month low of $275.02 and a 12-month high of $348.48. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 5.03 and a beta of 0.61. 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 stock’s 50 day simple moving average is $330.37 and its 200 day simple moving average is $325.96.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 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 $240.00 million during the quarter.

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.