Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 28.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 886 shares of the insurance provider’s stock after selling 356 shares during the quarter. Principal Financial Group Inc.’s holdings in Enstar Group were worth $285,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new position in Enstar Group during the 2nd quarter valued at $31,000. GAMMA Investing LLC lifted its holdings in Enstar Group by 248.5% in the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 82 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Enstar Group in the 3rd quarter worth approximately $48,000. Finally, CWM LLC raised its holdings in shares of Enstar Group by 57.6% in the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 81.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Enstar Group in a report on Wednesday, November 20th. They set a “hold” rating for the company.

Enstar Group Stock Performance

Shares of ESGR stock opened at $325.38 on Tuesday. The stock’s fifty day simple moving average is $322.69 and its 200-day simple moving average is $319.37. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 4.93 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. Enstar Group Limited has a 1-year low of $262.54 and a 1-year high of $348.48.

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

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.