Revenue Update on Enstar Group Ltd.(NASDAQ:ESGR)

Enstar Group Ltd.(NASDAQ:ESGR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 5, 2016. Earnings per share were $2.09. Analysts had estimated an EPS of $3.82.

Enstar Group Ltd. (ESGR) shares turned negative on Wednesdays trading session with the shares closing down -1.49 points or -0.91% at a volume of 32,058. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $164.52. The peak price level was also seen at $164.52 while the days lowest was $161.5001. Finally the shares closed at $162.67. The 52-week high of the shares is $171.66 while the 52-week low is $142.3508. According to the latest information available, the market cap of the company is $3,149 M.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, Nicholas Andrew Packer (Executive Vice President) sold 3,400 shares at $137.44 per share price.Also, On Apr 29, 2016, Paul James O’shea (Executive Vice President) sold 3,500 shares at $137.37 per share price.On Mar 8, 2016, Dominic Francis Mich Silvester (Chief Executive Officer) sold 741,735 shares at $150.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Enstar Group Limited (Enstar) acquires and manages insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off and provides management consulting and other services to the insurance and reinsurance industry. Enstar operates its business through four segments: Non-Life Run-Off Atrium Torus and Life and Annuities. The Non-Life Run-Off Segment consists of the operations and financial results of its subsidiaries that are running off its property and casualty and other non-life lines of business as well as the run-off businesses of Arden and Torus. The Atrium Segment consists of the active underwriting operations of Northshore Holdings Limited. The Torus segment consists of the active underwriting operations of Bayshore Holdings Limited. The Life and Annuities Segment consists of the operations of the Company’s subsidiaries that are operating the Company’s closed-block of life and annuity businesses.

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