Capital Returns Management LLC decreased its holdings in Enstar Group Ltd. (NASDAQ:ESGR) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,446 shares of the insurance provider’s stock after selling 289 shares during the quarter. Enstar Group accounts for about 0.3% of Capital Returns Management LLC’s investment portfolio, making the stock its 18th largest position. Capital Returns Management LLC’s holdings in Enstar Group were worth $718,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of ESGR. Parallel Advisors LLC acquired a new position in Enstar Group in the 3rd quarter worth approximately $100,000. Commonwealth Bank of Australia acquired a new position in Enstar Group in the 3rd quarter worth approximately $166,000. Virtu Financial LLC acquired a new position in Enstar Group in the 3rd quarter worth approximately $234,000. Evercore Wealth Management LLC acquired a new position in Enstar Group in the 3rd quarter worth approximately $252,000. Finally, Manning & Napier Group LLC acquired a new position in Enstar Group in the 3rd quarter worth approximately $323,000. Hedge funds and other institutional investors own 70.65% of the company’s stock.

A number of research firms recently commented on ESGR. BidaskClub raised shares of Enstar Group from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. TheStreet lowered shares of Enstar Group from a “b” rating to a “c+” rating in a research note on Wednesday, October 24th.

Enstar Group stock opened at $173.98 on Friday. Enstar Group Ltd. has a 52 week low of $150.31 and a 52 week high of $223.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $3.73 billion, a P/E ratio of 22.69 and a beta of 0.83.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Thursday, November 8th. The insurance provider reported ($0.12) EPS for the quarter. The firm had revenue of $352.52 million during the quarter. Enstar Group had a return on equity of 4.81% and a net margin of 8.66%.

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Enstar Group Profile

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.

Further Reading: Hedge Funds – Risk or Reward?

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

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