AQR Arbitrage LLC Acquires 29,617 Shares of Enstar Group Limited (NASDAQ:ESGR)

AQR Arbitrage LLC grew its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,905 shares of the insurance provider's stock after acquiring an additional 29,617 shares during the quarter. Enstar Group accounts for about 1.2% of AQR Arbitrage LLC's investment portfolio, making the stock its 16th largest holding. AQR Arbitrage LLC owned about 1.12% of Enstar Group worth $54,718,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ESGR. Quantbot Technologies LP acquired a new stake in Enstar Group during the 4th quarter worth approximately $171,000. JPMorgan Chase & Co. increased its holdings in Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after purchasing an additional 2,498 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Enstar Group in the 4th quarter valued at about $5,346,000. Wolverine Asset Management LLC lifted its holdings in shares of Enstar Group by 175.3% in the fourth quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock valued at $1,370,000 after purchasing an additional 2,709 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Enstar Group by 6.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock worth $9,036,000 after buying an additional 1,744 shares during the period. Institutional investors and hedge funds own 81.01% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is currently owned by corporate insiders.

Enstar Group Stock Up 0.1 %

ESGR traded up $0.26 on Tuesday, hitting $333.94. 24,428 shares of the company were exchanged, compared to its average volume of 98,864. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The stock's fifty day moving average is $332.71 and its 200-day moving average is $328.25. The company has a market cap of $4.97 billion, a PE ratio of 5.05 and a beta of 0.56. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48.

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

Enstar Group Company 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.