Polar Asset Management Partners Inc. Has $3.22 Million Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Polar Asset Management Partners Inc. lowered its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 35.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the insurance provider's stock after selling 5,500 shares during the period. Polar Asset Management Partners Inc. owned approximately 0.07% of Enstar Group worth $3,220,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Saturday, April 5th. They issued a "hold" rating on the stock.

Enstar Group Stock Down 0.0%

ESGR stock traded down $0.05 during mid-day trading on Wednesday, hitting $335.00. 21,743 shares of the company were exchanged, compared to its average volume of 100,211. The company has a market capitalization of $4.99 billion, a PE ratio of 5.07 and a beta of 0.71. 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 Limited has a twelve month low of $291.90 and a twelve month high of $348.48. The firm has a fifty day simple moving average of $333.27 and a 200 day simple moving average of $329.01.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The company 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 related news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The disclosure for this sale can be found here. Company insiders own 8.00% of the company's stock.

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.