State of New Jersey Common Pension Fund D Sells 790 Shares of Enstar Group Limited (NASDAQ:ESGR)

State of New Jersey Common Pension Fund D decreased its position in Enstar Group Limited (NASDAQ:ESGR) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,389 shares of the insurance provider’s stock after selling 790 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Enstar Group were worth $2,764,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Enstar Group in the 3rd quarter valued at approximately $253,000. Redmont Wealth Advisors LLC raised its position in Enstar Group by 6.8% during the third quarter. Redmont Wealth Advisors LLC now owns 2,336 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 149 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Enstar Group in the 3rd quarter valued at about $573,000. Strs Ohio lifted its position in shares of Enstar Group by 2.3% in the third quarter. Strs Ohio now owns 4,400 shares of the insurance provider’s stock valued at $1,064,000 after buying an additional 100 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of Enstar Group by 0.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 44,911 shares of the insurance provider’s stock worth $10,868,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 81.01% of the company’s stock.

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 Stock Performance

NASDAQ ESGR opened at $292.79 on Tuesday. The stock has a market cap of $4.45 billion, a PE ratio of 4.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50-day moving average of $294.92 and a 200-day moving average of $278.56. Enstar Group Limited has a 52-week low of $225.81 and a 52-week high of $312.55.

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

Enstar Group 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.