Enstar Group Limited (NASDAQ:ESGR) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lessened its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 39.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,161 shares of the insurance provider's stock after selling 2,714 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Enstar Group were worth $1,340,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in shares of Enstar Group by 158.2% during the 4th quarter. Deutsche Bank AG now owns 18,696 shares of the insurance provider's stock valued at $6,021,000 after acquiring an additional 11,456 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Enstar Group in the fourth quarter worth approximately $1,344,000. Cetera Investment Advisers increased its stake in Enstar Group by 16.3% in the fourth quarter. Cetera Investment Advisers now owns 1,432 shares of the insurance provider's stock worth $461,000 after purchasing an additional 201 shares during the period. Centiva Capital LP bought a new stake in shares of Enstar Group during the fourth quarter worth $393,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of Enstar Group by 322.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 54,607 shares of the insurance provider's stock worth $17,586,000 after purchasing an additional 41,675 shares during the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on shares of Enstar Group in a report on Saturday, April 5th. They set a "hold" rating for the company.

Insiders Place Their Bets

In other news, Director Hans-Peter Gerhardt sold 407 shares of the stock in a transaction dated Tuesday, May 6th. The stock was 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 SEC, which is available through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction dated 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. Corporate insiders own 8.00% of the company's stock.

Enstar Group Stock Up 0.1%

NASDAQ ESGR traded up $0.37 on Wednesday, reaching $336.19. 4,561 shares of the stock traded hands, compared to its average volume of 100,922. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 5.09 and a beta of 0.71. 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 12 month low of $291.90 and a 12 month high of $348.48. The company has a fifty day moving average price of $333.55 and a 200-day moving average price of $329.38.

Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly 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 firm had revenue of $240.00 million during the quarter.

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.