Hotchkis & Wiley Capital Management LLC Buys 8,820 Shares of Enstar Group Limited (NASDAQ:ESGR)

Hotchkis & Wiley Capital Management LLC lifted its stake in Enstar Group Limited (NASDAQ:ESGR) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,150 shares of the insurance provider’s stock after purchasing an additional 8,820 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 2.13% of Enstar Group worth $100,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP lifted its position in Enstar Group by 2,966.7% in the 4th quarter. Allworth Financial LP now owns 92 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 89 shares in the last quarter. Naples Money Management LLC bought a new position in shares of Enstar Group during the 4th quarter valued at $103,000. Xponance Inc. bought a new position in shares of Enstar Group during the 4th quarter valued at $213,000. Neville Rodie & Shaw Inc. bought a new position in shares of Enstar Group during the 4th quarter valued at $221,000. Finally, Connable Office Inc. bought a new position in shares of Enstar Group during the 4th quarter valued at $238,000. 81.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Enstar Group from a “buy” rating to a “hold” rating in a report on Thursday, February 29th.

Enstar Group Stock Performance

Shares of NASDAQ:ESGR traded down $5.68 during midday trading on Tuesday, hitting $292.91. The company had a trading volume of 5,857 shares, compared to its average volume of 48,963. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 5.80 and a beta of 0.67. Enstar Group Limited has a 12-month low of $229.57 and a 12-month high of $318.63. The company has a fifty day moving average of $298.56 and a two-hundred day moving average of $290.75.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $9.50 earnings per share (EPS) for the quarter. Enstar Group had a return on equity of 18.33% and a net margin of 77.65%. The business had revenue of $171.00 million during the quarter.

Enstar Group Company 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.