Wellington Management Group LLP Has $96.58 Million Stake in Enstar Group Limited (NASDAQ:ESGR)

Wellington Management Group LLP trimmed its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,308 shares of the insurance provider’s stock after selling 50,186 shares during the period. Wellington Management Group LLP’s holdings in Enstar Group were worth $96,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its stake in Enstar Group by 0.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock valued at $2,127,000 after purchasing an additional 38 shares during the period. CWM LLC grew its stake in shares of Enstar Group by 22.0% in the third quarter. CWM LLC now owns 227 shares of the insurance provider’s stock worth $73,000 after acquiring an additional 41 shares during the last quarter. US Bancorp DE increased its position in Enstar Group by 40.7% during the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after acquiring an additional 61 shares during the period. Arizona State Retirement System raised its stake in Enstar Group by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock valued at $1,041,000 after purchasing an additional 63 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Enstar Group by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock valued at $526,000 after purchasing an additional 65 shares during the period. 81.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research report on Friday. They set a “hold” rating for the company.

Enstar Group Price Performance

Shares of ESGR stock opened at $325.33 on Tuesday. Enstar Group Limited has a 12 month low of $262.54 and a 12 month high of $348.48. The company has a market capitalization of $4.95 billion, a P/E ratio of 4.92 and a beta of 0.65. The stock has a 50 day moving average of $323.72 and a two-hundred day moving average of $320.73. 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 (NASDAQ:ESGR) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The firm had revenue of $177.00 million during 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.