Daiwa Securities Group Inc. Grows Stock Position in Enstar Group Ltd. (NASDAQ:ESGR)

Daiwa Securities Group Inc. increased its position in shares of Enstar Group Ltd. (NASDAQ:ESGR) by 41.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,762 shares of the insurance provider’s stock after buying an additional 15,279 shares during the quarter. Daiwa Securities Group Inc. owned about 0.24% of Enstar Group worth $9,831,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Enstar Group by 7.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,058,809 shares of the insurance provider’s stock valued at $184,529,000 after buying an additional 75,108 shares during the period. Beck Mack & Oliver LLC raised its position in shares of Enstar Group by 1.6% during the 2nd quarter. Beck Mack & Oliver LLC now owns 733,417 shares of the insurance provider’s stock valued at $127,820,000 after buying an additional 11,289 shares during the period. Sterling Capital Management LLC raised its position in shares of Enstar Group by 5.2% during the 2nd quarter. Sterling Capital Management LLC now owns 296,617 shares of the insurance provider’s stock valued at $51,694,000 after buying an additional 14,740 shares during the period. Northern Trust Corp raised its position in shares of Enstar Group by 2.3% during the 2nd quarter. Northern Trust Corp now owns 241,964 shares of the insurance provider’s stock valued at $42,170,000 after buying an additional 5,453 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Enstar Group by 637.1% during the 2nd quarter. Wells Fargo & Company MN now owns 208,722 shares of the insurance provider’s stock valued at $36,375,000 after buying an additional 180,404 shares during the period. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ ESGR traded up $2.11 on Friday, reaching $203.89. The stock had a trading volume of 468 shares, compared to its average volume of 41,303. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 26.10 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.37. Enstar Group Ltd. has a 12-month low of $150.32 and a 12-month high of $203.86. The stock has a fifty day moving average price of $192.22 and a two-hundred day moving average price of $179.49.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $4.76 earnings per share for the quarter. Enstar Group had a return on equity of 4.49% and a net margin of 24.47%. The business had revenue of $365.33 million for the quarter.

Separately, BidaskClub raised shares of Enstar Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 2nd.

About Enstar Group

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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Institutional Ownership by Quarter for Enstar Group (NASDAQ:ESGR)

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