Capital Returns Management LLC Sells 289 Shares of Enstar Group Ltd. (ESGR)
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 (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%.
ILLEGAL ACTIVITY NOTICE: “Capital Returns Management LLC Sells 289 Shares of Enstar Group Ltd. (ESGR)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/capital-returns-management-llc-sells-289-shares-of-enstar-group-ltd-esgr/2666800.html.
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?
Want to see what other hedge funds are holding ESGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enstar Group Ltd. (NASDAQ:ESGR).
Receive News & Ratings for Enstar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enstar Group and related companies with MarketBeat.com's FREE daily email newsletter.