PEAK6 Investments LLC Trims Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

PEAK6 Investments LLC lessened its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 29.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the insurance provider’s stock after selling 627 shares during the quarter. PEAK6 Investments LLC’s holdings in Enstar Group were worth $482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its stake in shares of Enstar Group by 0.5% in the second quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock worth $2,127,000 after buying an additional 38 shares during the last quarter. CWM LLC increased its position in shares of Enstar Group by 22.0% in the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after purchasing an additional 41 shares during the last quarter. US Bancorp DE raised its stake in shares of Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 61 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Enstar Group by 1.9% during the second quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock worth $1,041,000 after purchasing an additional 63 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Enstar Group by 3.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 65 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Enstar Group in a research note on Thursday, November 28th. They set a “hold” rating on the stock.

Enstar Group Stock Performance

Enstar Group stock opened at $325.06 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group Limited has a 12 month low of $262.54 and a 12 month high of $348.48. The company has a fifty day moving average price of $323.35 and a two-hundred day moving average price of $320.17. The company has a market cap of $4.95 billion, a PE ratio of 4.92 and a beta of 0.65.

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

Enstar Group Company 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.