US Bancorp DE Boosts Stock Position in Enstar Group Limited (NASDAQ:ESGR)

US Bancorp DE lifted its position in Enstar Group Limited (NASDAQ:ESGR) by 40.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211 shares of the insurance provider’s stock after purchasing an additional 61 shares during the quarter. US Bancorp DE’s holdings in Enstar Group were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESGR. Farmers & Merchants Investments Inc. purchased a new stake in shares of Enstar Group in the 2nd quarter valued at $31,000. GAMMA Investing LLC grew its holdings in Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 82 shares during the period. Blue Trust Inc. raised its position in Enstar Group by 85.5% during the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Enstar Group in the third quarter valued at approximately $48,000. Finally, CWM LLC boosted its position in Enstar Group by 57.6% in the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research note on Tuesday, November 12th. They issued a “hold” rating for the company.

Enstar Group Price Performance

NASDAQ:ESGR opened at $323.71 on Monday. The firm has a market cap of $4.93 billion, a P/E ratio of 4.90 and a beta of 0.65. The stock has a 50 day moving average of $322.27 and a two-hundred day moving average of $318.49. Enstar Group Limited has a 12 month low of $255.99 and a 12 month high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. The firm had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

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.