Allspring Global Investments Holdings LLC Has $126.09 Million Position in Enstar Group Limited (NASDAQ:ESGR)

Allspring Global Investments Holdings LLC increased its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 412,455 shares of the insurance provider’s stock after acquiring an additional 9,520 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Enstar Group were worth $126,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Enstar Group by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock worth $213,698,000 after acquiring an additional 39,137 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Enstar Group by 2.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 341,150 shares of the insurance provider’s stock valued at $100,418,000 after buying an additional 8,820 shares in the last quarter. Harspring Capital Management LLC grew its stake in shares of Enstar Group by 0.6% during the fourth quarter. Harspring Capital Management LLC now owns 173,500 shares of the insurance provider’s stock worth $51,070,000 after buying an additional 1,054 shares during the last quarter. Norges Bank acquired a new position in shares of Enstar Group during the fourth quarter worth $40,397,000. Finally, Crow s Nest Holdings LP acquired a new position in shares of Enstar Group during the fourth quarter worth $39,737,000. 81.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Enstar Group in a research report on Saturday. They set a “hold” rating on the stock.

Enstar Group Stock Performance

Enstar Group stock opened at $324.63 on Tuesday. The business has a 50 day moving average of $322.47 and a 200-day moving average of $306.25. The company has a market capitalization of $4.94 billion, a P/E ratio of 6.30 and a beta of 0.66. Enstar Group Limited has a 1 year low of $229.57 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.33.

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

About Enstar Group

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.