Principal Financial Group Inc. Has $285,000 Stake in Enstar Group Limited (NASDAQ:ESGR)

Principal Financial Group Inc. decreased its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 886 shares of the insurance provider’s stock after selling 356 shares during the period. Principal Financial Group Inc.’s holdings in Enstar Group were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ESGR. Dimensional Fund Advisors LP increased its position in Enstar Group by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after purchasing an additional 30,831 shares during the period. State Street Corp grew its position in shares of Enstar Group by 0.3% during the 3rd quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock worth $115,101,000 after buying an additional 1,130 shares during the period. Harspring Capital Management LLC raised its stake in shares of Enstar Group by 3.6% during the second quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after buying an additional 6,750 shares during the last quarter. Glazer Capital LLC acquired a new position in Enstar Group in the third quarter valued at approximately $59,941,000. Finally, American Century Companies Inc. boosted its stake in Enstar Group by 14.0% in the second quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after acquiring an additional 20,416 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Enstar Group in a research report on Tuesday. They issued a “hold” rating on the stock.

Enstar Group Trading Up 0.2 %

NASDAQ:ESGR opened at $327.02 on Tuesday. The business’s 50-day simple moving average is $324.12 and its 200-day simple moving average is $323.10. Enstar Group Limited has a fifty-two week low of $262.54 and a fifty-two week high of $348.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $4.98 billion, a PE ratio of 4.95 and a beta of 0.65.

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

Insider Activity

In other news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the completion of the sale, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.00% of the company’s stock.

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.