Enstar Group (NASDAQ:ESGR) Posts Quarterly Earnings Results

Enstar Group (NASDAQ:ESGR) announced its quarterly earnings data on Monday. The insurance provider reported $10.78 EPS for the quarter, reports. Enstar Group had a return on equity of 18.98% and a net margin of 81.31%. The business had revenue of $159.00 million for the quarter.

Enstar Group Price Performance

Shares of NASDAQ:ESGR traded up $1.00 during mid-day trading on Thursday, reaching $325.40. The stock had a trading volume of 101,569 shares, compared to its average volume of 68,160. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.35. The company has a market cap of $4.96 billion, a P/E ratio of 6.30 and a beta of 0.66. Enstar Group has a 1 year low of $229.57 and a 1 year high of $348.48. The business’s 50 day moving average price is $316.40 and its 200 day moving average price is $299.62.

Institutional Investors Weigh In On Enstar Group

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Enstar Group by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock worth $213,698,000 after buying an additional 39,137 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Enstar Group by 2.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock worth $126,087,000 after buying an additional 9,520 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Enstar Group by 2.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 341,150 shares of the insurance provider’s stock worth $100,418,000 after buying an additional 8,820 shares in the last quarter. Harspring Capital Management LLC lifted its position in shares of Enstar Group by 0.6% in the fourth quarter. Harspring Capital Management LLC now owns 173,500 shares of the insurance provider’s stock worth $51,070,000 after buying an additional 1,054 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Enstar Group in the fourth quarter worth about $40,397,000. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

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.