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

NFC Investments LLC reduced its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,974 shares of the insurance provider’s stock after selling 7,345 shares during the period. Enstar Group makes up approximately 6.1% of NFC Investments LLC’s investment portfolio, making the stock its 5th biggest holding. NFC Investments LLC owned 0.43% of Enstar Group worth $21,217,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ESGR. Janus Henderson Group PLC increased its holdings in Enstar Group by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 13,026 shares of the insurance provider’s stock worth $4,188,000 after buying an additional 98 shares during the period. Holocene Advisors LP acquired a new position in Enstar Group during the third quarter valued at $471,000. ClearAlpha Technologies LP acquired a new stake in Enstar Group during the 3rd quarter worth about $1,981,000. Athos Capital Ltd purchased a new stake in shares of Enstar Group in the third quarter worth about $2,476,000. Finally, Glazer Capital LLC acquired a new stake in Enstar Group during the third quarter worth about $59,941,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Enstar Group Stock Performance

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