Teacher Retirement System of Texas Sells 195 Shares of Enstar Group Limited (NASDAQ:ESGR)

Teacher Retirement System of Texas cut its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 8.5% in the first quarter, Holdings Channel reports. The institutional investor owned 2,094 shares of the insurance provider’s stock after selling 195 shares during the period. Teacher Retirement System of Texas’ holdings in Enstar Group were worth $696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Enstar Group by 521.9% during the 1st quarter. Blue Trust Inc. now owns 199 shares of the insurance provider’s stock worth $66,000 after buying an additional 167 shares during the period. NewEdge Advisors LLC boosted its holdings in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 31 shares during the period. Vestcor Inc acquired a new position in shares of Enstar Group during the 4th quarter worth approximately $96,000. Sterling Capital Management LLC increased its stake in Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 363 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Enstar Group during the 4th quarter valued at $171,000. Institutional investors and hedge funds own 81.01% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Enstar Group in a report on Saturday, April 5th. They set a “hold” rating on the stock.

Enstar Group Stock Up 0.5%

Enstar Group stock opened at $337.91 on Wednesday. The company has a market capitalization of $5.04 billion, a PE ratio of 10.76 and a beta of 0.70. Enstar Group Limited has a 12-month low of $318.25 and a 12-month high of $348.48. The firm’s fifty day moving average is $335.90 and its 200 day moving average is $332.37. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.34.

Insider Activity at Enstar Group

In other news, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is currently owned by corporate insiders.

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.