Balyasny Asset Management L.P. Purchases 41,675 Shares of Enstar Group Limited (NASDAQ:ESGR)

Balyasny Asset Management L.P. raised its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 322.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 54,607 shares of the insurance provider's stock after acquiring an additional 41,675 shares during the period. Balyasny Asset Management L.P. owned approximately 0.36% of Enstar Group worth $17,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Enstar Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock worth $374,067,000 after purchasing an additional 3,081 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in Enstar Group by 175.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock valued at $83,177,000 after purchasing an additional 164,649 shares during the last quarter. FIL Ltd lifted its stake in Enstar Group by 6.2% in the 4th quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock valued at $80,445,000 after purchasing an additional 14,475 shares during the last quarter. AQR Arbitrage LLC lifted its stake in Enstar Group by 21.1% in the 4th quarter. AQR Arbitrage LLC now owns 169,905 shares of the insurance provider's stock valued at $54,718,000 after purchasing an additional 29,617 shares during the last quarter. Finally, Norges Bank acquired a new stake in Enstar Group during the fourth quarter worth approximately $42,516,000. Institutional investors own 81.01% of the company's stock.

Analyst Ratings Changes

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

Enstar Group Trading Down 0.0%

Shares of NASDAQ:ESGR traded down $0.01 during mid-day trading on Tuesday, reaching $335.04. 10,512 shares of the company's stock were exchanged, compared to its average volume of 99,227. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 5.07 and a beta of 0.71. The business's fifty day moving average price is $332.93 and its 200-day moving average price is $328.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a twelve month low of $291.90 and a twelve month high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted 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 during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insider Activity

In other news, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total value of $135,938.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hiteshkumar R. Patel sold 484 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total value of $160,770.28. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.

About Enstar Group

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.