Arizona State Retirement System Sells 57 Shares of Enstar Group Limited (NASDAQ:ESGR)

Arizona State Retirement System reduced its stake in Enstar Group Limited (NASDAQ:ESGR) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,137 shares of the insurance provider’s stock after selling 57 shares during the quarter. Arizona State Retirement System’s holdings in Enstar Group were worth $923,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harspring Capital Management LLC raised its holdings in Enstar Group by 33.2% in the 3rd quarter. Harspring Capital Management LLC now owns 172,446 shares of the insurance provider’s stock worth $41,732,000 after purchasing an additional 42,946 shares during the period. Swiss National Bank raised its holdings in Enstar Group by 8.8% in the 3rd quarter. Swiss National Bank now owns 24,700 shares of the insurance provider’s stock worth $5,977,000 after purchasing an additional 2,000 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Enstar Group in the 3rd quarter worth $253,000. American Century Companies Inc. raised its holdings in Enstar Group by 111.7% in the 3rd quarter. American Century Companies Inc. now owns 65,727 shares of the insurance provider’s stock worth $15,906,000 after purchasing an additional 34,674 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Enstar Group by 47.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 1,706 shares of the insurance provider’s stock worth $413,000 after purchasing an additional 549 shares during the period. 81.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Enstar Group Price Performance

Shares of Enstar Group stock opened at $282.18 on Wednesday. The stock’s 50-day simple moving average is $293.29 and its 200-day simple moving average is $275.62. Enstar Group Limited has a 52 week low of $225.81 and a 52 week high of $312.55. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 4.13 and a beta of 0.66. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.36.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings data on Tuesday, February 20th. The insurance provider reported $31.02 EPS for the quarter. Enstar Group had a return on equity of 24.87% and a net margin of 78.24%. The business had revenue of $186.00 million for 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.