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

Vanguard Group Inc. cut its holdings in Enstar Group Limited (NASDAQ:ESGR) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,293,429 shares of the insurance provider’s stock after selling 10,819 shares during the period. Vanguard Group Inc. owned about 8.06% of Enstar Group worth $313,010,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ESGR. Osaic Holdings Inc. boosted its holdings in shares of Enstar Group by 83.3% in the 2nd quarter. Osaic Holdings Inc. now owns 121 shares of the insurance provider’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Enstar Group in the fourth quarter valued at $39,000. US Bancorp DE boosted its stake in 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 acquiring an additional 66 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in 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 acquiring an additional 404 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in 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 acquiring an additional 108 shares in the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on ESGR shares. TheStreet upgraded shares of Enstar Group from a “c” rating to a “b-” rating in a research note on Monday, December 4th. StockNews.com downgraded shares of Enstar Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th.

Enstar Group Price Performance

Shares of ESGR opened at $307.86 on Thursday. Enstar Group Limited has a fifty-two week low of $224.91 and a fifty-two week high of $310.92. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 4.51 and a beta of 0.66. The firm has a 50-day simple moving average of $287.22 and a 200-day simple moving average of $270.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.33.

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

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.