Cubist Systematic Strategies LLC Purchases Shares of 4,174 Enstar Group Limited (NASDAQ:ESGR)

Cubist Systematic Strategies LLC bought a new position in Enstar Group Limited (NASDAQ:ESGR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,174 shares of the insurance provider's stock, valued at approximately $1,344,000.

Other institutional investors have also bought and sold shares of the company. Key Financial Inc purchased a new position in Enstar Group in the fourth quarter valued at approximately $52,000. NewEdge Advisors LLC raised its holdings in Enstar Group by 17.1% during the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after acquiring an additional 31 shares during the period. Vestcor Inc bought a new stake in Enstar Group during the 4th quarter valued at $96,000. Sterling Capital Management LLC raised its holdings in Enstar Group by 825.0% during the 4th quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock valued at $131,000 after acquiring an additional 363 shares during the period. Finally, KBC Group NV raised its holdings in Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 81.01% of the company's stock.

Insider Transactions at Enstar Group

In related news, Director Hans-Peter Gerhardt sold 407 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total value of $135,938.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hiteshkumar R. Patel sold 484 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The disclosure for this sale can be found here. Insiders own 8.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Enstar Group in a report on Saturday, April 5th. They set a "hold" rating on the stock.

Enstar Group Price Performance

Shares of Enstar Group stock traded up $0.24 during trading on Friday, hitting $334.40. The stock had a trading volume of 108,231 shares, compared to its average volume of 100,386. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48. The business's 50-day moving average is $333.16 and its 200 day moving average is $328.81. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The firm had revenue of $240.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

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.