Enstar Group Limited (NASDAQ:ESGR) Position Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Enstar Group Limited (NASDAQ:ESGR) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,094 shares of the insurance provider’s stock after selling 195 shares during the period. Teacher Retirement System of Texas’ holdings in Enstar Group were worth $696,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ESGR. Blue Trust Inc. boosted its position in Enstar Group by 521.9% during the first quarter. Blue Trust Inc. now owns 199 shares of the insurance provider’s stock valued at $66,000 after purchasing an additional 167 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 31 shares in the last quarter. Vestcor Inc bought a new position in shares of Enstar Group in the fourth quarter valued at approximately $96,000. Sterling Capital Management LLC boosted its holdings in shares of Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock worth $131,000 after buying an additional 363 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Enstar Group during the fourth quarter valued at about $171,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Enstar Group in a research note on Saturday, April 5th. They issued a “hold” rating for the company.

Enstar Group Price Performance

Enstar Group stock opened at $337.91 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $5.04 billion, a PE ratio of 10.76 and a beta of 0.70. Enstar Group Limited has a one year low of $318.25 and a one year high of $348.48. The business has a 50 day simple moving average of $335.90 and a 200 day simple moving average of $332.37.

Insider Activity at Enstar Group

In other news, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total value of $135,938.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by company insiders.

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.