Could Enstar Group Ltd. (ESGR) Change Direction After Touching 52-Week High?

September 23, 2017 - By Marry Poplack

Investors sentiment increased to 1.05 in 2017 Q2. Its up 0.05, from 1 in 2017Q1. It is positive, as 18 investors sold Enstar Group Ltd. shares while 37 reduced holdings. 11 funds opened positions while 47 raised stakes. 15.32 million shares or 0.58% more from 15.23 million shares in 2017Q1 were reported.
Nfc Invests Limited Liability Corp reported 130,293 shares. Brown Brothers Harriman & has 22 shares. Wedge Cap Mgmt L Limited Partnership Nc has invested 0.01% in Enstar Group Ltd. (NASDAQ:ESGR). Dimensional Fund Advsrs Limited Partnership reported 329,892 shares. Dean Assoc Ltd accumulated 17,265 shares. Raymond James And Associates holds 0% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR) for 2,632 shares. 4,470 were reported by Susquehanna Interest Ltd Liability Partnership. Hbk L P holds 0% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR) for 1,400 shares. Swiss Savings Bank holds 17,800 shares. M&T Comml Bank Corporation holds 4,864 shares. Parsons Cap Mngmt Ri has invested 0.11% in Enstar Group Ltd. (NASDAQ:ESGR). Huntington Savings Bank accumulated 31 shares. Renaissance Technologies Limited Company owns 26,900 shares for 0.01% of their portfolio. Geode Capital Ltd Liability Company has 0.01% invested in Enstar Group Ltd. (NASDAQ:ESGR). Fenimore Asset Mgmt Inc invested 0.07% of its portfolio in Enstar Group Ltd. (NASDAQ:ESGR).

The stock of Enstar Group Ltd. (NASDAQ:ESGR) hit a new 52-week high and has $225.62 target or 6.00 % above today’s $212.85 share price. The 5 months bullish chart indicates low risk for the $4.13 billion company. The 1-year high was reported on Sep, 23 by Barchart.com. If the $225.62 price target is reached, the company will be worth $247.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.53% or $3.2 on September 22, reaching $212.85. About 28,981 shares traded. Enstar Group Ltd. (NASDAQ:ESGR) has risen 19.80% since September 23, 2016 and is uptrending. It has outperformed by 3.10% the S&P500.

More notable recent Enstar Group Ltd. (NASDAQ:ESGR) news were published by: Globenewswire.com which released: “Enstar Launches Reinsurer KaylaRe” on December 15, 2016, also Globenewswire.com with their article: “Enstar Announces Sale of Pavonia Life Business to Global Bankers Insurance Group” published on February 17, 2017, Globenewswire.com published: “Enstar Group Limited Reports First Quarter 2017 Results” on May 08, 2017. More interesting news about Enstar Group Ltd. (NASDAQ:ESGR) were released by: Globenewswire.com and their article: “Enstar Group Limited Reports 2016 Year-End Results” published on February 27, 2017 as well as Globenewswire.com‘s news article titled: “Enstar Group Limited Announces Closure of Transaction to Reinsure QBE Legacy …” with publication date: January 11, 2017.

Enstar Group Limited 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. The company has market cap of $4.13 billion. The Company’s divisions include Non-Life Run-Off, Atrium, StarStone, and Life and Annuities. It has a 13.01 P/E ratio. The Non-life Run-off segment comprises the activities of its subsidiaries that are running off their property and casualty and other non-life lines of business.

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