IHT Wealth Management LLC Has $354,000 Stake in Enstar Group Limited (NASDAQ:ESGR)

IHT Wealth Management LLC reduced its stake in Enstar Group Limited (NASDAQ:ESGR) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,102 shares of the insurance provider’s stock after selling 200 shares during the quarter. IHT Wealth Management LLC’s holdings in Enstar Group were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ESGR. Glazer Capital LLC bought a new position in shares of Enstar Group in the third quarter valued at approximately $59,941,000. Alpine Associates Management Inc. bought a new position in Enstar Group in the 3rd quarter worth $24,465,000. Slotnik Capital LLC acquired a new position in Enstar Group during the 3rd quarter worth $10,291,000. Dimensional Fund Advisors LP boosted its holdings in Enstar Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after acquiring an additional 30,831 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Enstar Group in the second quarter valued at about $7,394,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enstar Group in a research report on Friday. They set a “hold” rating for the company.

Enstar Group Stock Down 0.1 %

Shares of ESGR stock opened at $325.33 on Tuesday. Enstar Group Limited has a 12 month low of $262.54 and a 12 month high of $348.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.95 billion, a PE ratio of 4.92 and a beta of 0.65. The stock has a 50 day moving average of $323.72 and a 200-day moving average of $320.73.

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

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.