New York State Common Retirement Fund Grows Holdings in Enstar Group Ltd. (NASDAQ:ESGR)

New York State Common Retirement Fund lifted its position in shares of Enstar Group Ltd. (NASDAQ:ESGR) by 0.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,508 shares of the insurance provider’s stock after buying an additional 320 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of Enstar Group worth $8,440,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Advisor Group Inc. grew its holdings in Enstar Group by 41.4% during the 4th quarter. Advisor Group Inc. now owns 280 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 82 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Enstar Group during the 4th quarter valued at about $101,000. Bremer Trust National Association bought a new position in Enstar Group during the 4th quarter valued at about $133,000. PNC Financial Services Group Inc. grew its holdings in Enstar Group by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,071 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 68 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Enstar Group during the 4th quarter valued at about $206,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

Enstar Group stock traded up $4.10 during trading hours on Friday, hitting $174.28. The company had a trading volume of 82,442 shares, compared to its average volume of 49,380. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 21.79 and a beta of 0.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.01. Enstar Group Ltd. has a 1 year low of $150.32 and a 1 year high of $223.45. The business’s 50-day simple moving average is $170.93.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $9.22 earnings per share for the quarter. Enstar Group had a net margin of 16.11% and a return on equity of 4.08%. The firm had revenue of $426.48 million during the quarter.

In other news, Director Hans-Peter Gerhardt bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $166.90 per share, with a total value of $1,001,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.40% of the company’s stock.

ESGR has been the topic of several analyst reports. ValuEngine upgraded shares of Enstar Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. TheStreet raised shares of Enstar Group from a “c” rating to a “b-” rating in a research report on Thursday, May 16th. Finally, BidaskClub raised shares of Enstar Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th.

About Enstar Group

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

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

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