Naples Money Management LLC Makes New $103,000 Investment in Enstar Group Limited (NASDAQ:ESGR)

Naples Money Management LLC bought a new stake in Enstar Group Limited (NASDAQ:ESGR) during the fourth quarter, Holdings Channel reports. The fund bought 350 shares of the insurance provider’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ESGR. Allworth Financial LP lifted its stake in shares of Enstar Group by 2,966.7% during the fourth quarter. Allworth Financial LP now owns 92 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 89 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Enstar Group by 83.3% during the second quarter. Osaic Holdings Inc. now owns 121 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Enstar Group in the fourth quarter worth about $39,000. US Bancorp DE lifted its stake in shares of Enstar Group by 60.0% in the second quarter. US Bancorp DE now owns 176 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 66 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Enstar Group by 651.6% in the first quarter. Russell Investments Group Ltd. now owns 466 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 404 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Enstar Group Stock Up 2.8 %

Shares of NASDAQ:ESGR traded up $7.76 during trading on Friday, hitting $285.07. The company’s stock had a trading volume of 40,691 shares, compared to its average volume of 50,093. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a fifty-two week low of $225.81 and a fifty-two week high of $312.55. The stock’s 50-day moving average price is $293.76 and its two-hundred day moving average price is $275.93. The company has a market capitalization of $4.33 billion, a PE ratio of 4.18 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings results on Tuesday, February 20th. The insurance provider reported $31.02 EPS for the quarter. Enstar Group had a return on equity of 24.87% and a net margin of 78.24%. The business had revenue of $186.00 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Enstar Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th.

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.