Sei Investments Co. Raises Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

Sei Investments Co. boosted its holdings in Enstar Group Limited (NASDAQ:ESGR) by 19.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,654 shares of the insurance provider’s stock after buying an additional 2,055 shares during the period. Sei Investments Co.’s holdings in Enstar Group were worth $3,868,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Crow s Nest Holdings LP bought a new stake in shares of Enstar Group in the fourth quarter worth about $39,737,000. Dimensional Fund Advisors LP boosted its stake in shares of Enstar Group by 4.0% during the 2nd 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. Edgestream Partners L.P. bought a new stake in shares of Enstar Group during the 2nd quarter worth approximately $7,394,000. American Century Companies Inc. increased its stake in Enstar Group by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock worth $50,856,000 after buying an additional 20,416 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in Enstar Group by 272.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 19,008 shares of the insurance provider’s stock worth $5,811,000 after purchasing an additional 13,898 shares during the period. 81.01% of the stock is owned by hedge funds and other institutional investors.

Enstar Group Stock Performance

Shares of Enstar Group stock opened at $319.78 on Thursday. 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 company has a 50 day moving average price of $323.05 and a 200 day moving average price of $311.48. Enstar Group Limited has a 52 week low of $229.57 and a 52 week high of $348.48. The firm has a market capitalization of $4.87 billion, a P/E ratio of 6.21 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Enstar Group in a report on Thursday. They set a “hold” rating for the company.

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.