Intech Investment Management LLC Acquires New Shares in Enstar Group Limited (NASDAQ:ESGR)

Intech Investment Management LLC bought a new stake in Enstar Group Limited (NASDAQ:ESGR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,891 shares of the insurance provider’s stock, valued at approximately $930,000.

Other large investors have also made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in Enstar Group by 194.6% in the 1st quarter. Lazard Asset Management LLC now owns 1,373 shares of the insurance provider’s stock worth $426,000 after purchasing an additional 907 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Enstar Group by 1.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,008 shares of the insurance provider’s stock worth $2,489,000 after acquiring an additional 139 shares during the period. Janus Henderson Group PLC lifted its holdings in Enstar Group by 87.4% during the first quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after purchasing an additional 4,586 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Enstar Group by 1.4% in the first quarter. California State Teachers Retirement System now owns 12,134 shares of the insurance provider’s stock worth $3,771,000 after purchasing an additional 171 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of Enstar Group by 55.0% in the first quarter. Tidal Investments LLC now owns 2,241 shares of the insurance provider’s stock worth $696,000 after purchasing an additional 795 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Enstar Group Stock Performance

NASDAQ:ESGR opened at $325.35 on Friday. The stock has a 50-day moving average price of $322.98 and a 200 day moving average price of $319.66. The stock has a market capitalization of $4.96 billion, a P/E ratio of 4.93 and a beta of 0.65. Enstar Group Limited has a 12-month low of $262.54 and a 12-month high of $348.48. 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 (NASDAQ:ESGR) last announced its quarterly earnings data 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 business 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.