Enstar Group Intrinsic Stock Value – State of New Jersey Common Pension Fund D Reduces Holdings in Enstar Group Limited by 13.9%
July 22, 2023
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The State of New Jersey Common Pension Fund D recently made a significant shift in its holdings, reducing its ownership in Enstar Group ($NASDAQ:ESGR) Limited shares by 13.9% during the first quarter. Enstar Group Limited is a Bermuda-based holding company that owns and manages a portfolio of insurance and reinsurance subsidiaries around the world. It focuses on specialty insurance and reinsurance lines and offers services such as underwriting, claims management, and other operational support.
The company offers a range of products and services including annuities, life insurance, captive management, and more. It is important for potential investors to pay close attention to any changes in the company’s ownership structure, as it could have an impact on the stock’s performance.
Analysis – Enstar Group Intrinsic Stock Value
At GoodWhale, we recently ran an analysis of the fundamentals of ENSTAR GROUP, one of the leading reinsurance companies in the world. Our proprietary Valuation Line calculated the fair value of the ENSTAR GROUP share to be around $233.8. Currently, ENSTAR GROUP stock is being traded at $261.2 – a fair price that is overvalued by 11.7%. We believe that the current stock price represents an attractive investment opportunity as it may be possible to buy stocks at a bargain price before the market re-corrects itself and the stock price returns to its fair value. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enstar Group. More…
| Total Revenues | Net Income | Net Margin |
| -413 | -215 | 44.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enstar Group. More…
| Operations | Investing | Financing |
| 970 | -344 | -627 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enstar Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.34k | 15.29k | 304.61 |
Key Ratios Snapshot
Some of the financial key ratios for Enstar Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.2% | – | 1.7% |
| FCF Margin | ROE | ROA |
| -234.9% | -0.1% | -0.0% |
Peers
It focuses on acquiring and managing insurance and reinsurance companies. The company operates in the United States, Europe, Asia, Australia, and South America. Enstar Group Ltd’s competitors include Zavarovalnica Triglav DD, American National Group Inc, UNIQA Insurance Group AG.
– Zavarovalnica Triglav DD ($LTS:0KFO)
Zavarovalnica Triglav DD is a Slovenian insurance company with a market cap of 794.88M as of 2022. The company has a ROE of 10.44%. Zavarovalnica Triglav DD offers a wide range of insurance products, including property and casualty, life, health, and reinsurance. The company has a strong presence in Slovenia and Croatia, and also operates in Bosnia and Herzegovina, Montenegro, and Macedonia.
– American National Group Inc ($LTS:0GDR)
UNIQA Insurance Group AG is an Austrian insurance company with a market cap of 2.19 billion as of 2022. The company has a return on equity of 10.93%. UNIQA provides a wide range of insurance products and services, including life, health, and property and casualty insurance. The company operates in Austria, Germany, Hungary, Poland, Romania, Slovakia, Slovenia, the Czech Republic, and Croatia.
Summary
Enstar Group Limited is an investment holding company with global operations in the insurance, reinsurance and financial services industries. This could be interpreted as a sign that the Fund was not confident in the company’s future performance and return on investment. Other investors should take note when analyzing ENSTAR, considering its long-term prospects, and make sure to recognize any potential risks associated with investing in the company. Additionally, investors should also research into the financial statements and market trends to ensure they are making a sound decision when investing in ENSTAR.
