Moore Capital Management LP Increases Holdings in Enstar Group Limited (NASDAQ:ESGR)

Moore Capital Management LP increased its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 76.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,800 shares of the insurance provider's stock after purchasing an additional 3,800 shares during the quarter. Moore Capital Management LP owned approximately 0.06% of Enstar Group worth $2,834,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ESGR. Tudor Investment Corp ET AL lifted its stake in shares of Enstar Group by 175.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock worth $83,177,000 after purchasing an additional 164,649 shares during the last quarter. Norges Bank purchased a new stake in shares of Enstar Group during the 4th quarter worth $42,516,000. Decagon Asset Management LLP purchased a new stake in shares of Enstar Group during the 4th quarter worth $32,614,000. Schonfeld Strategic Advisors LLC raised its stake in Enstar Group by 1,219.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 62,180 shares of the insurance provider's stock valued at $20,025,000 after buying an additional 57,469 shares during the last quarter. Finally, Fort Baker Capital Management LP raised its stake in Enstar Group by 82.9% in the fourth quarter. Fort Baker Capital Management LP now owns 106,013 shares of the insurance provider's stock valued at $34,141,000 after buying an additional 48,035 shares during the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Enstar Group in a research note on Saturday, April 5th. They issued a "hold" rating for the company.

Insider Buying and Selling

In other news, Director Hiteshkumar R. Patel sold 484 shares of the firm'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 value of $160,770.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction that occurred on 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. 8.00% of the stock is owned by corporate insiders.

Enstar Group Stock Performance

Shares of NASDAQ:ESGR traded up $0.24 during trading on Friday, hitting $334.40. The stock had a trading volume of 108,231 shares, compared to its average volume of 100,386. 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 $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $333.16 and a two-hundred day simple moving average of $328.81.

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

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.