Loomis Sayles & Co. L P Sells 11,516 Shares of Enstar Group Limited (NASDAQ:ESGR)

Loomis Sayles & Co. L P trimmed its position in Enstar Group Limited (NASDAQ:ESGR) by 34.3% during the third quarter, HoldingsChannel.com reports. The fund owned 22,010 shares of the insurance provider’s stock after selling 11,516 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Enstar Group were worth $7,078,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ESGR. Farmers & Merchants Investments Inc. bought a new position in Enstar Group in the second quarter valued at approximately $31,000. GAMMA Investing LLC boosted its position in Enstar Group by 248.5% in the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after buying an additional 82 shares in the last quarter. Blue Trust Inc. boosted its position in Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Enstar Group in the third quarter valued at approximately $48,000. Finally, CWM LLC boosted its position in Enstar Group by 57.6% in the second quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after buying an additional 68 shares in the last quarter. 81.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research report on Thursday. They issued a “hold” rating on the stock.

Enstar Group Stock Performance

Shares of Enstar Group stock opened at $325.35 on Thursday. Enstar Group Limited has a fifty-two week low of $262.54 and a fifty-two week high of $348.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $4.96 billion, a P/E ratio of 4.93 and a beta of 0.65. The company’s 50 day moving average price is $322.85 and its two-hundred day moving average price is $319.62.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The company had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

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.