Comerica Bank boosted its stake in shares of Enstar Group Ltd. (NASDAQ:ESGR) by 14.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,917 shares of the insurance provider’s stock after acquiring an additional 5,682 shares during the quarter. Comerica Bank owned 0.21% of Enstar Group worth $8,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of ESGR. Stone Point Capital LLC boosted its holdings in Enstar Group by 21.2% during the 2nd quarter. Stone Point Capital LLC now owns 1,635,986 shares of the insurance provider’s stock valued at $339,140,000 after acquiring an additional 285,986 shares during the period. BlackRock Inc. lifted its holdings in Enstar Group by 11.4% in the 2nd quarter. BlackRock Inc. now owns 793,261 shares of the insurance provider’s stock worth $164,443,000 after buying an additional 81,271 shares during the period. RFG Advisory Group LLC purchased a new stake in Enstar Group in the 2nd quarter worth approximately $8,246,000. WCM Investment Management CA lifted its holdings in Enstar Group by 205.0% in the 3rd quarter. WCM Investment Management CA now owns 36,319 shares of the insurance provider’s stock worth $7,573,000 after buying an additional 24,412 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Enstar Group by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 360,528 shares of the insurance provider’s stock worth $74,737,000 after buying an additional 13,643 shares during the period. Institutional investors own 70.89% of the company’s stock.
In other 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 value of $42,600.00. Following the completion of the transaction, the director now owns 44,256 shares of the company’s stock, valued at approximately $9,426,528. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.00% of the company’s stock.
Several equities research analysts have weighed in on the company. BidaskClub upgraded Enstar Group from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. TheStreet upgraded Enstar Group from a “c+” rating to a “b” rating in a report on Tuesday, August 7th.
NASDAQ ESGR opened at $178.80 on Friday. Enstar Group Ltd. has a fifty-two week low of $173.99 and a fifty-two week high of $233.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.23 and a beta of 0.85.
Enstar Group Company 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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