Ameritas Investment Partners Inc. Trims Position in Enstar Group Limited (NASDAQ:ESGR)

Ameritas Investment Partners Inc. lessened its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 3.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,191 shares of the insurance provider’s stock after selling 45 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Enstar Group were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ESGR. Allworth Financial LP boosted its position in shares of Enstar Group by 2,966.7% during the 4th quarter. Allworth Financial LP now owns 92 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 89 shares during the last quarter. CWM LLC boosted its position in shares of Enstar Group by 293.3% during the 1st quarter. CWM LLC now owns 118 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 88 shares during the last quarter. Naples Money Management LLC bought a new stake in shares of Enstar Group during the 4th quarter valued at about $103,000. Xponance Inc. bought a new stake in shares of Enstar Group during the 4th quarter valued at about $213,000. Finally, Connable Office Inc. bought a new stake in shares of Enstar Group during the 4th quarter valued at about $238,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $330.56 on Thursday. The business has a 50 day moving average of $313.62 and a 200 day moving average of $297.46. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 6.42 and a beta of 0.66. Enstar Group Limited has a 1-year low of $229.57 and a 1-year high of $342.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.33 and a quick ratio of 0.33.

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

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.