ProShare Advisors LLC Sells 546 Shares of Enstar Group Limited (NASDAQ:ESGR)

ProShare Advisors LLC cut its holdings in Enstar Group Limited (NASDAQ:ESGR) by 25.5% during the second quarter, Holdings Channel reports. The firm owned 1,599 shares of the insurance provider’s stock after selling 546 shares during the quarter. ProShare Advisors LLC’s holdings in Enstar Group were worth $489,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its holdings in Enstar Group by 0.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock worth $2,127,000 after purchasing an additional 38 shares in the last quarter. Arizona State Retirement System lifted its stake in Enstar Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock worth $1,041,000 after purchasing an additional 63 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Enstar Group by 3.9% during 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 last quarter. CWM LLC grew its position in shares of Enstar Group by 57.6% during the second quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 68 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Enstar Group in the second quarter worth about $31,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Enstar Group in a research note on Wednesday, September 25th. They set a “hold” rating for the company.

Enstar Group Price Performance

ESGR stock opened at $321.59 on Tuesday. The company has a fifty day simple moving average of $323.34 and a two-hundred day simple moving average of $311.33. Enstar Group Limited has a 52 week low of $229.57 and a 52 week high of $348.48. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4.90 billion, a P/E ratio of 6.24 and a beta of 0.66.

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

Enstar Group Company 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.