Stock On Watch: Does Enstar Group Ltd. Have More Gas After Achieving All Time High?

Stock On Watch: Does Enstar Group Ltd. Have More Gas After Achieving All Time High?

The stock of Enstar Group Ltd. (NASDAQ:ESGR) reached all time high today, Nov, 14 and still has $241.38 target or 20.00% above today’s $201.15 share price. This indicates more upside for the $4.12B company. This technical setup was reported by Barchart.com. If the $241.38 PT is reached, the company will be worth $824.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 33,819 shares traded hands or 37.36% up from the average. Enstar Group Ltd. (NASDAQ:ESGR) has risen 24.29% since April 12, 2016 and is uptrending. It has outperformed by 19.31% the S&P500.

According to Zacks Investment Research, “Enstar Group Inc is engaged in the active search for and acquisition of one or more additional operating businesses. This search represents their primary focus. They investigate acquisition opportunities worldwide.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.09, from 1.17 in 2016Q1. The ratio fall, as 8 funds sold all Enstar Group Ltd. shares owned while 44 reduced positions. 12 funds bought stakes while 44 increased positions. They now own 12.12 million shares or 3.21% less from 12.52 million shares in 2016Q1.
Geode Capital Limited, a Massachusetts-based fund reported 87,387 shares. Clinton Gru last reported 0.02% of its portfolio in the stock. Regions Fincl holds 0% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR) for 2,250 shares. Beck Mack And Oliver Lc last reported 4.92% of its portfolio in the stock. Blackrock Fund Advisors last reported 272,576 shares in the company. Thompson Siegel And Walmsley Ltd Liability Company holds 86,540 shares or 0.22% of its portfolio. Tudor Investment Et Al holds 0.01% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR) for 3,364 shares. Blackrock Gp Ltd reported 7,637 shares or 0% of all its holdings. Blackrock last reported 0% of its portfolio in the stock. Bank & Trust Of America De, a North Carolina-based fund reported 206,763 shares. First Mercantile Trust holds 0.02% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR) for 770 shares. Northern has 0.01% invested in the company for 159,100 shares. Pine River Capital Mgmt Limited Partnership has 6,536 shares for 0.01% of their US portfolio. Lagoda Inv Mngmt Ltd Partnership reported 21,910 shares or 1.32% of all its holdings. Warren Averett Asset Management Ltd Llc reported 4,100 shares or 0.3% of all its holdings.

More notable recent Enstar Group Ltd. (NASDAQ:ESGR) news were published by: Globenewswire.com which released: “Enstar Group Limited Reports Third Quarter Results” on November 08, 2016, also Reuters.com with their article: “BRIEF-Enstar Group Limited reports second quarter results” published on August 05, 2016, Fool.com published: “Why Enstar Group Ltd. Is a Buy Today” on April 07, 2014. More interesting news about Enstar Group Ltd. (NASDAQ:ESGR) were released by: Seekingalpha.com and their article: “Enstar Group Limited: Diversifying Runoff (Re)Insurance Group” published on January 06, 2016 as well as Globenewswire.com‘s news article titled: “Enstar Group Limited Announces Reinsurance of $1.1 Billion of Allianz’s Legacy …” with publication date: February 17, 2016.

ESGR Company Profile

Enstar Group Limited (Enstar), incorporated on August 16, 2001, is a holding company. The Firm focuses on acquiring and managing insurance and reinsurance companies in run-off, and the acquisition and management of portfolios of insurance and reinsurance business in run-off. The Firm is an insurance group that offers capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia and other international locations. Enstar operates its business through four divisions: Non-Life Run-Off, Atrium, StarStone, and Life and Annuities.

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