Xponance Inc. Buys New Stake in Enstar Group Limited (NASDAQ:ESGR)

Xponance Inc. bought a new stake in shares of Enstar Group Limited (NASDAQ:ESGR) in the 4th quarter, Holdings Channel reports. The institutional investor bought 725 shares of the insurance provider’s stock, valued at approximately $213,000.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its stake in Enstar Group by 2,966.7% during the fourth quarter. Allworth Financial LP now owns 92 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 89 shares in the last quarter. Neville Rodie & Shaw Inc. purchased a new position in Enstar Group during the fourth quarter valued at $221,000. Robeco Institutional Asset Management B.V. bought a new position in Enstar Group during the third quarter valued at $253,000. SG Americas Securities LLC bought a new position in Enstar Group during the fourth quarter valued at $288,000. Finally, PFG Investments LLC bought a new position in Enstar Group during the third quarter valued at $315,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Enstar Group Trading Down 0.7 %

Shares of ESGR opened at $288.30 on Friday. Enstar Group Limited has a 1-year low of $225.81 and a 1-year high of $312.55. The company has a 50-day moving average of $294.73 and a 200 day moving average of $277.65. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 4.22 and a beta of 0.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.33 and a quick ratio of 0.33.

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

Enstar Group Profile

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.