Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 55.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,668 shares of the insurance provider's stock after selling 4,637 shares during the quarter. Jane Street Group LLC's holdings in Enstar Group were worth $1,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in Enstar Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock worth $374,067,000 after buying an additional 3,081 shares during the period. Tudor Investment Corp ET AL increased its position in Enstar Group by 175.9% during the fourth 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 during the period. FIL Ltd raised its stake in Enstar Group by 6.2% in the 4th quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock worth $80,445,000 after purchasing an additional 14,475 shares in the last quarter. Norges Bank bought a new stake in Enstar Group in the 4th quarter valued at about $42,516,000. Finally, Decagon Asset Management LLP acquired a new position in shares of Enstar Group during the 4th quarter worth approximately $32,614,000. Institutional investors own 81.01% of the company's stock.

Enstar Group Stock Performance

Shares of ESGR traded up $0.08 on Monday, reaching $334.58. 86,878 shares of the company's stock traded hands, compared to its average volume of 101,271. Enstar Group Limited has a 52-week low of $291.90 and a 52-week high of $348.48. The stock has a market cap of $4.99 billion, a PE ratio of 5.06 and a beta of 0.71. The stock's 50 day simple moving average is $333.48 and its two-hundred day simple moving average is $329.34. 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 (NASDAQ:ESGR - Get Free Report) last posted its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The business had revenue of $240.00 million during the quarter.

Insider Activity at Enstar Group

In other news, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of the company's 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 disclosure for this sale can be found here. 8.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Enstar Group in a research report on Saturday, April 5th. They set a "hold" rating on the 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.