Citadel Advisors LLC cut its stake in shares of Enstar Group Ltd. (NASDAQ:ESGR) by 64.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,206 shares of the insurance provider’s stock after selling 2,199 shares during the quarter. Citadel Advisors LLC’s holdings in Enstar Group were worth $250,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Stone Point Capital LLC increased its position in shares of Enstar Group by 21.2% during the second quarter. Stone Point Capital LLC now owns 1,635,986 shares of the insurance provider’s stock worth $339,140,000 after acquiring an additional 285,986 shares during the period. BlackRock Inc. increased its position in shares of Enstar Group by 11.4% during the second quarter. BlackRock Inc. now owns 793,261 shares of the insurance provider’s stock worth $164,443,000 after acquiring an additional 81,271 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Enstar Group by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 360,528 shares of the insurance provider’s stock worth $74,737,000 after acquiring an additional 13,643 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of Enstar Group by 4.3% during the second quarter. Diamond Hill Capital Management Inc. now owns 280,332 shares of the insurance provider’s stock worth $58,113,000 after acquiring an additional 11,678 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Enstar Group by 17.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 64,051 shares of the insurance provider’s stock worth $13,278,000 after acquiring an additional 9,293 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

ESGR has been the topic of a number of research reports. TheStreet lowered shares of Enstar Group from a “b-” rating to a “c+” rating in a research report on Tuesday, May 29th. BidaskClub lowered shares of Enstar Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd.

Shares of NASDAQ:ESGR opened at $210.70 on Tuesday. The company has a market cap of $4.57 billion, a PE ratio of 22.20 and a beta of 0.68. Enstar Group Ltd. has a one year low of $183.85 and a one year high of $237.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.08 and a current ratio of 1.08.

Enstar Group (NASDAQ:ESGR) last issued its earnings results on Thursday, August 2nd. The insurance provider reported $4.01 EPS for the quarter. The business had revenue of $309.93 million for the quarter. Enstar Group had a net margin of 14.62% and a return on equity of 6.02%.

In related news, Director Robert J. Campbell sold 200 shares of Enstar Group stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $213.00, for a total transaction of $42,600.00. Following the transaction, the director now directly owns 44,256 shares of the company’s stock, valued at $9,426,528. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 10.00% of the company’s stock.

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.

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

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