Squarepoint Ops LLC Purchases 25,498 Shares of Enstar Group Limited (NASDAQ:ESGR)

Squarepoint Ops LLC increased its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 244.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,935 shares of the insurance provider's stock after buying an additional 25,498 shares during the quarter. Squarepoint Ops LLC owned 0.24% of Enstar Group worth $11,573,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ESGR. Key Financial Inc acquired a new stake in shares of Enstar Group in the 4th quarter valued at approximately $52,000. NewEdge Advisors LLC boosted its stake in shares of Enstar Group by 17.1% during 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 period. Vestcor Inc bought a new position in shares of Enstar Group during the 4th quarter worth approximately $96,000. Sterling Capital Management LLC boosted its stake in shares of Enstar Group by 825.0% during the 4th 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 boosted its stake in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after acquiring an additional 137 shares during the period. 81.01% of the stock is currently owned by institutional investors.

Enstar Group Stock Performance

Shares of NASDAQ ESGR traded down $0.59 during midday trading on Wednesday, hitting $335.23. 6,434 shares of the company's stock were exchanged, compared to its average volume of 110,470. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity 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's 50 day moving average price is $333.55 and its 200 day moving average price is $329.38. The firm has a market capitalization of $5.00 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 earnings per share (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%.

Insider Activity at Enstar Group

In other Enstar Group news, Director Hans-Peter Gerhardt sold 407 shares of Enstar Group 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group 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 disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.