Meeder Asset Management Inc. Purchases Shares of 4,717 Enstar Group Limited (NASDAQ:ESGR)

Meeder Asset Management Inc. acquired a new position in Enstar Group Limited (NASDAQ:ESGR) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,717 shares of the insurance provider’s stock, valued at approximately $1,517,000.

Other large investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new stake in Enstar Group in the second quarter valued at approximately $31,000. GAMMA Investing LLC raised its holdings in shares of Enstar Group by 248.5% in the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after buying an additional 82 shares during the period. Blue Trust Inc. lifted its stake in Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Enstar Group during the 3rd quarter valued at about $48,000. Finally, CWM LLC grew its position in Enstar Group by 57.6% in the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 68 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Enstar Group in a research report on Wednesday. They set a “hold” rating on the stock.

Enstar Group Stock Up 0.0 %

Enstar Group stock opened at $323.82 on Wednesday. The firm has a market capitalization of $4.93 billion, a P/E ratio of 4.90 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a twelve month low of $261.76 and a twelve month high of $348.48. The stock’s fifty day simple moving average is $322.46 and its 200-day simple moving average is $318.84.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. The company had revenue of $177.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

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.