Mitchell Mcleod Pugh & Williams Inc. Trims Holdings in Enstar Group Limited (NASDAQ:ESGR)

Mitchell Mcleod Pugh & Williams Inc. reduced its stake in Enstar Group Limited (NASDAQ:ESGR) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,085 shares of the insurance provider’s stock after selling 300 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Enstar Group were worth $1,554,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ESGR. CWM LLC raised its stake in Enstar Group by 293.3% during the first quarter. CWM LLC now owns 118 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 88 shares during the period. EntryPoint Capital LLC acquired a new position in Enstar Group in the first quarter valued at approximately $147,000. Catalyst Financial Partners LLC purchased a new position in Enstar Group in the second quarter worth approximately $205,000. Connable Office Inc. acquired a new stake in Enstar Group during the fourth quarter worth $238,000. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in Enstar Group in the first quarter valued at $280,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Enstar Group in a research report on Sunday. They set a “hold” rating for the company.

Enstar Group Trading Down 0.2 %

Shares of NASDAQ:ESGR traded down $0.60 during mid-day trading on Friday, reaching $326.00. 82,213 shares of the company were exchanged, compared to its average volume of 108,627. Enstar Group Limited has a 1 year low of $229.57 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.31. The firm’s 50-day simple moving average is $323.53 and its 200 day simple moving average is $307.45. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 6.33 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings data on Monday, July 29th. The insurance provider reported $10.78 earnings per share for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%. The business had revenue of $159.00 million during the quarter.

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.