Jane Street Group LLC Trims Stake in Enstar Group Limited (NASDAQ:ESGR)

Jane Street Group LLC trimmed its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 55.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,668 shares of the insurance provider's stock after selling 4,637 shares during the period. Jane Street Group LLC's holdings in Enstar Group were worth $1,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ESGR. Tudor Investment Corp ET AL increased its holdings 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 worth $83,177,000 after acquiring an additional 164,649 shares in the last quarter. Norges Bank purchased a new stake in Enstar Group in the 4th quarter worth $42,516,000. Decagon Asset Management LLP purchased a new stake in Enstar Group in the 4th quarter worth $32,614,000. Schonfeld Strategic Advisors LLC increased its stake in 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 worth $20,025,000 after buying an additional 57,469 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Enstar Group by 869.7% in the 4th quarter. Marshall Wace LLP now owns 45,574 shares of the insurance provider's stock worth $14,677,000 after buying an additional 40,874 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Enstar Group Trading Up 0.1%

ESGR stock opened at $335.04 on Wednesday. The firm has a fifty day moving average price of $333.27 and a 200 day moving average price of $329.01. Enstar Group Limited has a fifty-two week low of $291.90 and a fifty-two week high of $348.48. 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 firm has a market cap of $4.99 billion, a PE ratio of 5.07 and a beta of 0.71.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. The company 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%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of the business'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by company insiders.

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.

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