Moore Capital Management LP Buys 3,800 Shares of Enstar Group Limited (NASDAQ:ESGR)

Moore Capital Management LP lifted its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 76.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the insurance provider's stock after buying an additional 3,800 shares during the quarter. Moore Capital Management LP owned about 0.06% of Enstar Group worth $2,834,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ESGR. Key Financial Inc acquired a new stake in Enstar Group in the fourth quarter worth $52,000. NewEdge Advisors LLC grew its holdings in Enstar Group by 17.1% in the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock worth $68,000 after purchasing an additional 31 shares during the period. Vestcor Inc acquired a new stake in Enstar Group in the fourth quarter worth $96,000. Sterling Capital Management LLC grew its holdings 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 purchasing an additional 363 shares during the period. Finally, KBC Group NV grew its holdings in 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 during the period. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Stock Up 0.1%

Shares of Enstar Group stock traded up $0.24 during trading hours on Friday, reaching $334.40. The company's stock had a trading volume of 108,231 shares, compared to its average volume of 100,572. Enstar Group Limited has a one year low of $291.90 and a one year high of $348.48. The company has a market capitalization of $4.98 billion, a P/E ratio of 5.06 and a beta of 0.71. The stock's fifty day simple moving average is $333.16 and its two-hundred day simple moving average is $328.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $240.00 million for the quarter.

Insider Buying and Selling at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the firm's 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 SEC, which can be accessed through this hyperlink. Also, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The disclosure for this sale can be found here. Insiders own 8.00% of the company's stock.

Wall Street Analyst Weigh In

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

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.