Mraz Amerine & Associates Inc. Sells 1,148 Shares of Enstar Group Limited (NASDAQ:ESGR)

Mraz Amerine & Associates Inc. cut its stake in Enstar Group Limited (NASDAQ:ESGR) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,314 shares of the insurance provider’s stock after selling 1,148 shares during the quarter. Enstar Group makes up 6.0% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 6th biggest holding. Mraz Amerine & Associates Inc.’s holdings in Enstar Group were worth $32,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ESGR. Janus Henderson Group PLC boosted its holdings in Enstar Group by 87.4% in the first quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock worth $3,054,000 after purchasing an additional 4,586 shares in the last quarter. Swiss National Bank boosted its holdings in Enstar Group by 8.6% in the first quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after purchasing an additional 1,900 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Enstar Group by 48.6% in the first quarter. BNP Paribas Financial Markets now owns 8,294 shares of the insurance provider’s stock worth $2,577,000 after purchasing an additional 2,713 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Enstar Group by 759.1% in the first quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock worth $1,984,000 after purchasing an additional 5,640 shares in the last quarter. Finally, Harspring Capital Management LLC boosted its holdings in Enstar Group by 3.6% in the second 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 in the last quarter. 81.01% of the stock is owned by institutional investors and hedge funds.

Enstar Group Stock Down 0.3 %

ESGR stock opened at $324.17 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. Enstar Group Limited has a 52-week low of $231.24 and a 52-week high of $348.48. The company has a 50-day moving average of $322.05 and a two-hundred day moving average of $313.94. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 6.29 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings results on Monday, July 29th. The insurance provider reported $10.78 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%. The company had revenue of $159.00 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Enstar Group in a report on Saturday, October 19th. They issued a “hold” rating for the company.

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.