Enstar Group Limited (NASDAQ:ESGR) Shares Purchased by VELA Investment Management LLC

VELA Investment Management LLC raised its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 110.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,998 shares of the insurance provider’s stock after buying an additional 2,618 shares during the period. VELA Investment Management LLC’s holdings in Enstar Group were worth $1,528,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in shares of Enstar Group by 87.4% during the 1st quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after acquiring an additional 4,586 shares in the last quarter. Swiss National Bank boosted its position in shares of Enstar Group by 8.6% in the first quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after buying an additional 1,900 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Enstar Group by 48.6% in the first quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock valued at $2,577,000 after buying an additional 2,713 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Enstar Group by 46.4% in the fourth quarter. Franklin Resources Inc. now owns 8,793 shares of the insurance provider’s stock valued at $2,588,000 after buying an additional 2,786 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Enstar Group by 759.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock valued at $1,984,000 after buying an additional 5,640 shares during the period. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Enstar Group Stock Down 0.0 %

Shares of Enstar Group stock opened at $319.96 on Friday. Enstar Group Limited has a 1-year low of $229.57 and a 1-year high of $348.48. The company has a market capitalization of $4.87 billion, a PE ratio of 6.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50-day moving average of $324.80 and a 200-day moving average of $308.38.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Monday, July 29th. The insurance provider reported $10.78 earnings per share for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%. The firm had revenue of $159.00 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Sunday, September 1st. They issued a “hold” rating for the company.

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.