Strs Ohio Sells 400 Shares of Enstar Group Limited (NASDAQ:ESGR)

Strs Ohio cut its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the insurance provider’s stock after selling 400 shares during the period. Strs Ohio’s holdings in Enstar Group were worth $1,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Enstar Group by 2,966.7% during the fourth quarter. Allworth Financial LP now owns 92 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 89 shares in the last quarter. Neville Rodie & Shaw Inc. purchased a new position in Enstar Group during the fourth quarter worth about $221,000. SG Americas Securities LLC purchased a new position in Enstar Group during the fourth quarter worth about $288,000. Robeco Institutional Asset Management B.V. purchased a new position in Enstar Group during the third quarter worth about $253,000. Finally, PFG Investments LLC purchased a new position in Enstar Group during the third quarter worth about $315,000. 81.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Enstar Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th.

Enstar Group Stock Up 0.9 %

ESGR opened at $287.52 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 4.21 and a beta of 0.66. Enstar Group Limited has a twelve month low of $225.81 and a twelve month high of $312.55. The company’s 50-day moving average price is $293.89 and its two-hundred day moving average price is $276.79.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Tuesday, February 20th. The insurance provider reported $31.02 EPS for the quarter. The firm had revenue of $186.00 million for the quarter. Enstar Group had a net margin of 78.24% and a return on equity of 24.87%.

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.