Franklin Resources Inc. Has $5.12 Million Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Franklin Resources Inc. boosted its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 52.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,888 shares of the insurance provider’s stock after purchasing an additional 5,489 shares during the period. Franklin Resources Inc. owned 0.10% of Enstar Group worth $5,118,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ESGR. Dimensional Fund Advisors LP raised its stake in shares of Enstar Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after purchasing an additional 30,831 shares in the last quarter. State Street Corp lifted its stake in Enstar Group by 0.3% in the third quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock valued at $115,101,000 after acquiring an additional 1,130 shares during the last quarter. Harspring Capital Management LLC increased its stake in shares of Enstar Group by 3.6% during the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after purchasing an additional 6,750 shares during the last quarter. Glazer Capital LLC acquired a new position in shares of Enstar Group during the 3rd quarter worth about $59,941,000. Finally, American Century Companies Inc. lifted its stake in Enstar Group by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after purchasing an additional 20,416 shares during the last quarter. 81.01% of the stock is currently owned by institutional investors.

Enstar Group Stock Down 0.1 %

ESGR opened at $321.60 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $324.25 and its 200 day simple moving average is $321.76. Enstar Group Limited has a 1-year low of $262.54 and a 1-year high of $348.48. The stock has a market cap of $4.90 billion, a PE ratio of 4.87 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The company had revenue of $177.00 million during the quarter.

Insiders Place Their Bets

In related news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the completion of the sale, the director now directly owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Enstar Group in a research report on Sunday. They set a “hold” rating on the stock.

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.