Cambridge Investment Research Advisors Inc. Acquires Shares of 2,463 Enstar Group Limited (NASDAQ:ESGR)

Cambridge Investment Research Advisors Inc. bought a new stake in Enstar Group Limited (NASDAQ:ESGR – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,463 shares of the insurance provider’s stock, valued at approximately $418,000.

Other large investors also recently modified their holdings of the company. Ensign Peak Advisors Inc bought a new position in shares of Enstar Group in the second quarter valued at approximately $26,000. Exchange Traded Concepts LLC lifted its holdings in shares of Enstar Group by 171.9% in the third quarter. Exchange Traded Concepts LLC now owns 174 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 110 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Enstar Group by 80.6% in the second quarter. Nisa Investment Advisors LLC now owns 224 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 100 shares in the last quarter. Venture Visionary Partners LLC bought a new position in shares of Enstar Group in the second quarter valued at approximately $50,000. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Enstar Group by 34.5% in the first quarter. Advisor Group Holdings Inc. now owns 421 shares of the insurance provider’s stock valued at $111,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 70.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Enstar Group in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Enstar Group Stock Performance

Shares of Enstar Group stock opened at $240.20 on Thursday. The business’s fifty day simple moving average is $216.68 and its 200 day simple moving average is $202.34. The firm has a market capitalization of $4.22 billion, a P/E ratio of -3.61 and a beta of 0.60. Enstar Group Limited has a 12 month low of $169.04 and a 12 month high of $286.89. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52.

Enstar Group (NASDAQ:ESGR – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The insurance provider reported ($8.82) EPS for the quarter. The company had revenue of $116.00 million during the quarter.

About Enstar Group

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Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It engages in the run-off property and casualty, and other non-life lines insurance businesses. 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.