Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Stone Point Capital LLC

Stone Point Capital LLC lessened its position in shares of Enstar Group Limited (NASDAQ:ESGRFree Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,451,196 shares of the insurance provider’s stock after selling 95,000 shares during the quarter. Enstar Group comprises 38.0% of Stone Point Capital LLC’s investment portfolio, making the stock its biggest holding. Stone Point Capital LLC owned about 9.05% of Enstar Group worth $427,160,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in Enstar Group in the fourth quarter valued at $602,000. First Pacific Advisors LP increased its position in Enstar Group by 26.8% in the 4th quarter. First Pacific Advisors LP now owns 5,585 shares of the insurance provider’s stock valued at $1,644,000 after acquiring an additional 1,180 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Enstar Group during the 4th quarter valued at approximately $318,000. Connable Office Inc. acquired a new stake in Enstar Group during the 4th quarter worth approximately $238,000. Finally, Franklin Resources Inc. grew its stake in shares of Enstar Group by 46.4% in the 4th quarter. Franklin Resources Inc. now owns 8,793 shares of the insurance provider’s stock valued at $2,588,000 after purchasing an additional 2,786 shares during the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Enstar Group from a “buy” rating to a “hold” rating in a report on Thursday, February 29th.

Read Our Latest Research Report on ESGR

Enstar Group Stock Performance

Shares of Enstar Group stock traded down $5.10 on Wednesday, reaching $299.41. 16,880 shares of the stock were exchanged, compared to its average volume of 49,421. The firm has a market capitalization of $4.56 billion, a PE ratio of 5.91 and a beta of 0.67. Enstar Group Limited has a 1-year low of $229.57 and a 1-year high of $318.63. The business has a fifty day moving average price of $299.18 and a two-hundred day moving average price of $289.75. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.35.

Enstar Group (NASDAQ:ESGRGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $9.50 earnings per share for the quarter. The company had revenue of $171.00 million for the quarter. Enstar Group had a return on equity of 18.33% and a net margin of 77.65%.

Enstar Group Company Profile

(Free Report)

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.

See Also

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

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