California Public Employees Retirement System decreased its stake in Enstar Group Ltd. (NASDAQ:ESGR) by 15.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,667 shares of the insurance provider’s stock after selling 5,922 shares during the quarter. California Public Employees Retirement System owned approximately 0.15% of Enstar Group worth $6,565,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of ESGR. Xact Kapitalforvaltning AB purchased a new stake in shares of Enstar Group in the first quarter worth about $333,000. GSA Capital Partners LLP purchased a new stake in shares of Enstar Group in the first quarter worth about $339,000. SG Americas Securities LLC boosted its stake in shares of Enstar Group by 40.4% in the second quarter. SG Americas Securities LLC now owns 1,691 shares of the insurance provider’s stock worth $351,000 after buying an additional 487 shares during the last quarter. Dean Capital Investments Management LLC purchased a new stake in shares of Enstar Group in the second quarter worth about $354,000. Finally, Principal Financial Group Inc. boosted its position in Enstar Group by 42.2% during the first quarter. Principal Financial Group Inc. now owns 1,702 shares of the insurance provider’s stock worth $358,000 after purchasing an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.
A number of brokerages have issued reports on ESGR. BidaskClub downgraded Enstar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. TheStreet upgraded Enstar Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 7th.
Shares of ESGR stock opened at $192.96 on Friday. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 21.72 and a beta of 0.69. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.12. Enstar Group Ltd. has a 12-month low of $183.85 and a 12-month high of $237.30.
Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $4.01 earnings per share (EPS) for the quarter. The company had revenue of $309.93 million for the quarter. Enstar Group had a return on equity of 6.02% and a net margin of 14.62%.
In other Enstar Group news, Director Robert J. Campbell sold 200 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $213.00, for a total transaction of $42,600.00. Following the transaction, the director now owns 44,256 shares in the company, valued at $9,426,528. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.00% of the company’s stock.
Enstar Group Profile
Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.
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