Wealth Enhancement Advisory Services LLC Acquires 65 Shares of Enstar Group Limited (NASDAQ:ESGR)

Wealth Enhancement Advisory Services LLC lifted its stake in Enstar Group Limited (NASDAQ:ESGR) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,721 shares of the insurance provider’s stock after buying an additional 65 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Enstar Group were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Enstar Group by 87.4% in the 1st quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after buying an additional 4,586 shares during the period. Swiss National Bank lifted its stake in Enstar Group by 8.6% during the first quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after purchasing an additional 1,900 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Enstar Group by 48.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock valued at $2,577,000 after purchasing an additional 2,713 shares in the last quarter. Franklin Resources Inc. increased 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. Finally, Russell Investments Group Ltd. raised its holdings in shares of Enstar Group by 759.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock worth $1,984,000 after buying an additional 5,640 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Enstar Group Price Performance

ESGR stock opened at $326.60 on Friday. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 6.34 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.33. The company has a 50 day simple moving average of $322.16 and a 200 day simple moving average of $305.38. Enstar Group Limited has a 1 year low of $229.57 and a 1 year high of $348.48.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Monday, July 29th. The insurance provider reported $10.78 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%. The company had revenue of $159.00 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Enstar Group in a research note on Saturday. They issued a “hold” rating on the stock.

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.