Polar Asset Management Partners Inc. Sells 5,500 Shares of Enstar Group Limited (NASDAQ:ESGR)

Polar Asset Management Partners Inc. cut its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Key Financial Inc bought a new position in Enstar Group in the 4th quarter worth approximately $52,000. NewEdge Advisors LLC raised its holdings in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock worth $68,000 after acquiring an additional 31 shares during the last quarter. Vestcor Inc bought a new stake in Enstar Group in the 4th quarter worth approximately $96,000. Sterling Capital Management LLC raised its position in Enstar Group by 825.0% in the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock worth $131,000 after acquiring an additional 363 shares during the period. Finally, KBC Group NV increased its stake in shares of Enstar Group by 39.7% in 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 in the last quarter. Institutional investors and hedge funds own 81.01% of the company's stock.

Wall Street Analyst Weigh In

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

Enstar Group Price Performance

NASDAQ ESGR traded up $0.27 on Friday, hitting $335.28. The company 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 company's fifty day moving average price is $333.73 and its 200-day moving average price is $329.62. The company has a market capitalization of $5.00 billion, a PE ratio of 5.08 and a beta of 0.71. Enstar Group Limited has a 12-month low of $291.90 and a 12-month high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued 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 for the quarter.

Insiders Place Their Bets

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

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.