Arizona State Retirement System Sells 57 Shares of Enstar Group Limited (NASDAQ:ESGR)

Arizona State Retirement System cut its position in Enstar Group Limited (NASDAQ:ESGR) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,137 shares of the insurance provider’s stock after selling 57 shares during the quarter. Arizona State Retirement System’s holdings in Enstar Group were worth $923,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Osaic Holdings Inc. raised its stake in shares of Enstar Group by 83.3% in the second quarter. Osaic Holdings Inc. now owns 121 shares of the insurance provider’s stock valued at $30,000 after buying an additional 55 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Enstar Group in the fourth quarter valued at $39,000. US Bancorp DE raised its stake in shares of Enstar Group by 60.0% in the second quarter. US Bancorp DE now owns 176 shares of the insurance provider’s stock valued at $43,000 after buying an additional 66 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Enstar Group by 651.6% in the first quarter. Russell Investments Group Ltd. now owns 466 shares of the insurance provider’s stock valued at $108,000 after buying an additional 404 shares during the period. Finally, Advisor Group Holdings Inc. raised its stake in shares of Enstar Group by 34.5% in the first quarter. Advisor Group Holdings Inc. now owns 421 shares of the insurance provider’s stock valued at $111,000 after buying an additional 108 shares during the period. 81.01% of the stock is currently owned by institutional investors.

Enstar Group Price Performance

Shares of NASDAQ ESGR opened at $282.18 on Wednesday. The stock has a market cap of $4.29 billion, a PE ratio of 4.13 and a beta of 0.66. Enstar Group Limited has a fifty-two week low of $225.81 and a fifty-two week high of $312.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a fifty day moving average of $293.29 and a 200-day moving average of $275.62.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Tuesday, February 20th. The insurance provider reported $31.02 earnings per share for the quarter. The company had revenue of $186.00 million during the quarter. Enstar Group had a return on equity of 24.87% and a net margin of 78.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Enstar Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th.

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.