Enstar Group Limited (NASDAQ:ESGR) is NFC Investments LLC’s 5th Largest Position

NFC Investments LLC cut its stake in Enstar Group Limited (NASDAQ:ESGR) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,974 shares of the insurance provider’s stock after selling 7,345 shares during the quarter. Enstar Group makes up approximately 6.1% of NFC Investments LLC’s portfolio, making the stock its 5th largest holding. NFC Investments LLC’s holdings in Enstar Group were worth $21,217,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ESGR. Farmers & Merchants Investments Inc. purchased a new position in Enstar Group during the second quarter worth approximately $31,000. GAMMA Investing LLC boosted its stake in Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after buying an additional 82 shares during the period. Blue Trust Inc. increased its position in shares of Enstar Group by 85.5% during the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Enstar Group in the 3rd quarter valued at approximately $48,000. Finally, Longfellow Investment Management Co. LLC acquired a new position in shares of Enstar Group in the 3rd quarter worth approximately $50,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Enstar Group in a report on Thursday, November 28th. They issued a “hold” rating for the company.

Enstar Group Trading Down 0.2 %

Shares of ESGR stock traded down $0.69 on Tuesday, hitting $324.99. The stock had a trading volume of 1,779 shares, compared to its average volume of 74,262. The company’s 50 day moving average price is $323.26 and its 200-day moving average price is $320.07. Enstar Group Limited has a 1 year low of $262.54 and a 1 year high of $348.48. The firm has a market capitalization of $4.95 billion, a P/E ratio of 4.93 and a beta of 0.65. 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 (NASDAQ:ESGR) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The company had revenue of $177.00 million for the quarter.

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.