Rehmann Capital Advisory Group Lowers Holdings in Enstar Group Limited (NASDAQ:ESGR)

Rehmann Capital Advisory Group trimmed its holdings in Enstar Group Limited (NASDAQ:ESGR) by 10.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,600 shares of the insurance provider’s stock after selling 193 shares during the period. Rehmann Capital Advisory Group’s holdings in Enstar Group were worth $497,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Capstone Investment Advisors LLC boosted its holdings in Enstar Group by 108.3% in the first quarter. Capstone Investment Advisors LLC now owns 2,254 shares of the insurance provider’s stock valued at $700,000 after purchasing an additional 1,172 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Enstar Group by 48.6% in the first 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 during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Enstar Group by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 402,935 shares of the insurance provider’s stock valued at $125,216,000 after purchasing an additional 5,121 shares during the last quarter. CWM LLC boosted its holdings in Enstar Group by 293.3% in the first quarter. CWM LLC now owns 118 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 88 shares during the last quarter. Finally, Bragg Financial Advisors Inc boosted its holdings in Enstar Group by 1.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 31,449 shares of the insurance provider’s stock valued at $9,257,000 after purchasing an additional 432 shares during the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Enstar Group Price Performance

Shares of Enstar Group stock traded down $2.12 during trading hours on Thursday, reaching $317.50. The stock had a trading volume of 15,852 shares, compared to its average volume of 56,492. The stock’s 50 day moving average is $308.89 and its 200 day moving average is $295.07. The firm has a market capitalization of $4.84 billion, a PE ratio of 6.21 and a beta of 0.66. Enstar Group Limited has a twelve month low of $229.57 and a twelve month high of $336.88. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.35.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $9.50 earnings per share for the quarter. The business had revenue of $171.00 million during the quarter. Enstar Group had a net margin of 77.65% and a return on equity of 18.33%.

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.