Envestnet Asset Management Inc. Buys 1,196 Shares of Enstar Group Limited (NASDAQ:ESGR)

Envestnet Asset Management Inc. grew its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 25.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,834 shares of the insurance provider’s stock after acquiring an additional 1,196 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Enstar Group were worth $1,394,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Enstar Group by 5.5% during the 1st quarter. BlackRock Inc. now owns 948,079 shares of the insurance provider’s stock valued at $233,920,000 after acquiring an additional 49,580 shares during the period. Beck Mack & Oliver LLC lifted its position in shares of Enstar Group by 2.3% during the 2nd quarter. Beck Mack & Oliver LLC now owns 683,051 shares of the insurance provider’s stock valued at $163,195,000 after acquiring an additional 15,249 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Enstar Group by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 557,261 shares of the insurance provider’s stock valued at $137,496,000 after acquiring an additional 13,364 shares during the period. Geode Capital Management LLC lifted its position in shares of Enstar Group by 8.7% during the 1st quarter. Geode Capital Management LLC now owns 221,447 shares of the insurance provider’s stock valued at $54,637,000 after acquiring an additional 17,701 shares during the period. Finally, WCM Investment Management LLC lifted its position in shares of Enstar Group by 14.1% during the 1st quarter. WCM Investment Management LLC now owns 138,462 shares of the insurance provider’s stock valued at $34,163,000 after acquiring an additional 17,084 shares during the period. Hedge funds and other institutional investors own 81.61% of the company’s stock.

In other Enstar Group news, Director Robert J. Campbell purchased 2,000 shares of the stock in a transaction dated Friday, September 3rd. The stock was bought at an average price of $223.88 per share, with a total value of $447,760.00. Following the acquisition, the director now owns 45,056 shares of the company’s stock, valued at $10,087,137.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.80% of the stock is currently owned by insiders.

Enstar Group stock opened at $229.77 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.58 and a quick ratio of 0.58. Enstar Group Limited has a 52 week low of $151.88 and a 52 week high of $269.12. The stock has a fifty day moving average of $246.01 and a 200-day moving average of $248.03.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings results on Thursday, August 5th. The insurance provider reported $13.31 EPS for the quarter. Enstar Group had a return on equity of 32.63% and a net margin of 80.75%. The company had revenue of $140.71 million during the quarter.

About Enstar Group

Enstar Group Ltd. is a holding company, which engages in the acquisition and management of insurance and reinsurance companies. It operates through the following segments: Non-Life Run-off, Atrium, StarStone, and Other. The Non-Life Run-off segment includes subsidiaries that run off property and casualty and other non-life lines of business.

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Institutional Ownership by Quarter for Enstar Group (NASDAQ:ESGR)

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