State Street Corp Has $115.10 Million Position in Enstar Group Limited (NASDAQ:ESGR)

State Street Corp lifted its holdings in Enstar Group Limited (NASDAQ:ESGR) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 357,912 shares of the insurance provider’s stock after purchasing an additional 1,130 shares during the quarter. State Street Corp owned about 2.35% of Enstar Group worth $115,101,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enstar Group in a research note on Saturday. They set a “hold” rating for the company.

Enstar Group Stock Performance

ESGR opened at $324.45 on Monday. The business has a 50 day moving average of $324.10 and a 200-day moving average of $321.15. Enstar Group Limited has a 12-month low of $262.54 and a 12-month high of $348.48. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 4.91 and a beta of 0.65. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The company had revenue of $177.00 million for 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.