Entropy Technologies LP Buys Shares of 1,266 Enstar Group Limited (NASDAQ:ESGR)

Entropy Technologies LP purchased a new stake in shares of Enstar Group Limited (NASDAQ:ESGR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,266 shares of the insurance provider’s stock, valued at approximately $407,000.

A number of other large investors have also made changes to their positions in ESGR. Wolverine Asset Management LLC purchased a new position in shares of Enstar Group in the third quarter worth approximately $497,000. State of New Jersey Common Pension Fund D raised its position in Enstar Group by 1.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 6,110 shares of the insurance provider’s stock worth $1,965,000 after acquiring an additional 94 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Enstar Group by 36.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 25,905 shares of the insurance provider’s stock worth $8,331,000 after acquiring an additional 6,897 shares during the last quarter. US Bancorp DE grew its position in shares of Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 61 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Enstar Group during the 3rd quarter valued at $48,000. 81.01% of the stock is currently owned by institutional investors.

Enstar Group Stock Up 0.1 %

ESGR stock opened at $323.71 on Friday. The business’s 50-day moving average price is $322.27 and its 200-day moving average price is $318.12. The stock has a market cap of $4.93 billion, a P/E ratio of 4.90 and a beta of 0.65. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a twelve month low of $255.99 and a twelve month high of $348.48.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share 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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Enstar Group in a research report on Tuesday. They set a “hold” rating on the stock.

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.