Hotchkis & Wiley Capital Management LLC Sells 269,424 Shares of Enstar Group Limited (NASDAQ:ESGR)

Hotchkis & Wiley Capital Management LLC trimmed its position in Enstar Group Limited (NASDAQ:ESGR) by 80.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,710 shares of the insurance provider’s stock after selling 269,424 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Enstar Group were worth $20,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ESGR. Daiwa Securities Group Inc. boosted its stake in Enstar Group by 0.5% during the second quarter. Daiwa Securities Group Inc. now owns 6,958 shares of the insurance provider’s stock valued at $2,127,000 after buying an additional 38 shares during the period. CWM LLC boosted its position in shares of Enstar Group by 22.0% during the 3rd quarter. CWM LLC now owns 227 shares of the insurance provider’s stock valued at $73,000 after acquiring an additional 41 shares during the last quarter. US Bancorp DE grew its holdings in shares of Enstar Group by 40.7% during the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 61 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Enstar Group by 1.9% during the second quarter. Arizona State Retirement System now owns 3,404 shares of the insurance provider’s stock worth $1,041,000 after purchasing an additional 63 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Enstar Group by 3.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock worth $526,000 after purchasing an additional 65 shares during the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Enstar Group Stock Performance

Shares of NASDAQ ESGR opened at $325.06 on Wednesday. The stock’s 50-day moving average is $323.35 and its 200 day moving average is $320.17. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 4.92 and a beta of 0.65. Enstar Group Limited has a 1-year low of $262.54 and a 1-year high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research note on Thursday, November 28th. They issued a “hold” rating for the company.

About Enstar Group

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.