Squarepoint Ops LLC grew its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 244.3% during the 4th quarter, according to the company in its most recent 13F filing 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 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC raised its position in Enstar Group by 319.2% during the third quarter. Barclays PLC now owns 19,524 shares of the insurance provider's stock valued at $6,278,000 after purchasing an additional 14,867 shares in the last quarter. KBC Group NV lifted its position in Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock worth $155,000 after buying an additional 137 shares during the last quarter. R Squared Ltd purchased a new stake in Enstar Group in the fourth quarter worth approximately $174,000. Tokio Marine Asset Management Co. Ltd. bought a new position in Enstar Group during the fourth quarter valued at approximately $5,346,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Enstar Group by 484.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 877 shares of the insurance provider's stock worth $282,000 after acquiring an additional 727 shares in the last quarter. 81.01% of the stock is owned by institutional investors.
Insider Buying and Selling at Enstar Group
In other news, Director Hiteshkumar R. Patel sold 484 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hans-Peter Gerhardt sold 407 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were 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. Corporate insiders own 8.00% of the company's stock.
Enstar Group Stock Down 0.2%
Shares of NASDAQ:ESGR opened at $334.50 on Friday. The stock's 50-day moving average price is $333.37 and its 200-day moving average price is $329.13. Enstar Group Limited has a 12-month low of $291.90 and a 12-month high of $348.48. The stock has a market capitalization of $4.99 billion, a P/E ratio of 5.06 and a beta of 0.71. 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 released 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 company had revenue of $240.00 million during the quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on shares of Enstar Group in a research note on Saturday, April 5th. They issued a "hold" rating for the company.
Get Our Latest Report on ESGR
Enstar Group Profile
(
Free Report)
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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