Trident V, L.P. stated that they own 9.1% of Enstar Gr (NASDAQ:ESGR) in a Form 13D/A disclosure that was filed with the SEC on Tuesday, May 15th. The investor owns 1,635,986 shares of the stock worth $339,876,092. The reporting parties listed on the disclosure included Trident V, LP, Trident Capital V, LP, Trident V Parallel Fund, LP, Trident Capital VPF, LP, Trident V Professionals Fund, LP, Stone Point GP Ltd and Stone Point Capital LLC. The filing is available through Edgar at this link.
Other hedge funds have also modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Enstar Gr by 41.0% during the fourth quarter. Bank of Montreal Can now owns 1,703 shares of the insurance provider’s stock valued at $342,000 after buying an additional 495 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Enstar Gr by 3.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 54,154 shares of the insurance provider’s stock valued at $10,872,000 after buying an additional 1,735 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Enstar Gr during the fourth quarter valued at $492,000. US Bancorp DE grew its holdings in shares of Enstar Gr by 1,003.2% during the fourth quarter. US Bancorp DE now owns 684 shares of the insurance provider’s stock valued at $137,000 after buying an additional 622 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Enstar Gr in the fourth quarter valued at $740,000. 81.59% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:ESGR traded up $1.10 during mid-day trading on Tuesday, hitting $207.75. The company’s stock had a trading volume of 32,100 shares, compared to its average volume of 35,038. Enstar Gr has a 1 year low of $204.25 and a 1 year high of $209.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 20.23 and a beta of 0.74.
Enstar Gr (NASDAQ:ESGR) last posted its quarterly earnings results on Wednesday, February 28th. The insurance provider reported $5.90 EPS for the quarter. Enstar Gr had a net margin of 22.81% and a return on equity of 6.69%. The company had revenue of $228.54 million for the quarter.
Several equities research analysts have commented on ESGR shares. BidaskClub lowered shares of Enstar Gr from a “buy” rating to a “hold” rating in a report on Saturday, April 28th. ValuEngine lowered shares of Enstar Gr from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.
Enstar Gr 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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