Voloridge Investment Management LLC Acquires 1,782 Shares of Enstar Group Limited (NASDAQ:ESGR)

Voloridge Investment Management LLC lifted its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 15.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,203 shares of the insurance provider's stock after acquiring an additional 1,782 shares during the period. Voloridge Investment Management LLC owned 0.09% of Enstar Group worth $4,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tudor Investment Corp ET AL grew its stake in shares of 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. Norges Bank acquired a new position in shares of Enstar Group in the 4th quarter valued at about $42,516,000. Decagon Asset Management LLP acquired a new position in Enstar Group during the 4th quarter worth approximately $32,614,000. Schonfeld Strategic Advisors LLC raised its position in shares of Enstar Group by 1,219.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 62,180 shares of the insurance provider's stock valued at $20,025,000 after purchasing an additional 57,469 shares in the last quarter. Finally, Fort Baker Capital Management LP raised its position in shares of Enstar Group by 82.9% in the 4th quarter. Fort Baker Capital Management LP now owns 106,013 shares of the insurance provider's stock valued at $34,141,000 after purchasing an additional 48,035 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Enstar Group in a research note on Saturday, April 5th. They set a "hold" rating for the company.

Insider Activity

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hans-Peter Gerhardt sold 407 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was 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. 8.00% of the stock is currently owned by insiders.

Enstar Group Price Performance

Shares of Enstar Group stock traded up $0.27 during trading on Friday, hitting $335.28. The stock had a trading volume of 97,650 shares, compared to its average volume of 101,914. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $5.00 billion, a P/E ratio of 5.08 and a beta of 0.71. The business has a fifty day moving average of $333.73 and a two-hundred day moving average of $329.62. Enstar Group Limited has a fifty-two week low of $291.90 and a fifty-two week high of $348.48.

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

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.