Millennium Management LLC grew its stake in shares of Enstar Group Ltd. (NASDAQ:ESGR) by 336.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,489 shares of the insurance provider’s stock after acquiring an additional 30,444 shares during the period. Millennium Management LLC owned about 0.18% of Enstar Group worth $7,499,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in ESGR. Tower Research Capital LLC TRC acquired a new stake in Enstar Group in the 3rd quarter valued at about $44,000. Strs Ohio acquired a new position in Enstar Group during the third quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Enstar Group by 311.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 864 shares of the insurance provider’s stock valued at $164,000 after purchasing an additional 654 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Enstar Group by 87.5% in the second quarter. Commonwealth Bank of Australia now owns 1,500 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 700 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Enstar Group in the second quarter valued at approximately $274,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.
ESGR has been the subject of a number of recent research reports. BidaskClub cut shares of Enstar Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 16th. ValuEngine downgraded Enstar Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th.
Enstar Group stock opened at $204.20 on Tuesday. Enstar Group Ltd. has a fifty-two week low of $154.27 and a fifty-two week high of $207.82. The stock has a fifty day moving average of $200.92 and a two-hundred day moving average of $183.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 1.03.
Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Thursday, November 7th. The insurance provider reported $1.66 earnings per share (EPS) for the quarter. The business had revenue of $363.21 million for the quarter. Enstar Group had a return on equity of 5.42% and a net margin of 28.23%.
About Enstar Group
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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