Geode Capital Management LLC Sells 6,516 Shares of Enstar Group Limited (NASDAQ:ESGR)

Geode Capital Management LLC lowered its stake in Enstar Group Limited (NASDAQ:ESGR) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,099 shares of the insurance provider’s stock after selling 6,516 shares during the quarter. Geode Capital Management LLC owned 1.99% of Enstar Group worth $97,491,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new position in shares of Enstar Group during the 2nd quarter worth about $31,000. GAMMA Investing LLC raised its stake in Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after buying an additional 82 shares during the period. Blue Trust Inc. raised its stake in Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Enstar Group in the third quarter worth approximately $48,000. Finally, Longfellow Investment Management Co. LLC acquired a new stake in Enstar Group in the third quarter valued at approximately $50,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Enstar Group in a report on Saturday, December 14th. They issued a “hold” rating on the stock.

Enstar Group Stock Down 0.5 %

Enstar Group stock opened at $322.29 on Thursday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 4.88 and a beta of 0.65. The firm’s fifty day moving average price is $324.24 and its two-hundred day moving average price is $321.29. Enstar Group Limited has a 1-year low of $262.54 and a 1-year high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity 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 (EPS) for the quarter. The business had revenue of $177.00 million during the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

Enstar Group 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.