Schonfeld Strategic Advisors LLC Buys 57,469 Shares of Enstar Group Limited (NASDAQ:ESGR)

Schonfeld Strategic Advisors LLC lifted its position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 1,219.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,180 shares of the insurance provider's stock after buying an additional 57,469 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.41% of Enstar Group worth $20,025,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ESGR. Vanguard Group Inc. grew its position in shares of Enstar Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock valued at $374,067,000 after acquiring an additional 3,081 shares during the period. Tudor Investment Corp ET AL increased its position in Enstar Group by 175.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock worth $83,177,000 after buying an additional 164,649 shares during the last quarter. FIL Ltd lifted its position in shares of Enstar Group by 6.2% in the fourth quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock valued at $80,445,000 after buying an additional 14,475 shares during the last quarter. Norges Bank bought a new position in shares of Enstar Group during the 4th quarter worth approximately $42,516,000. Finally, Decagon Asset Management LLP acquired a new position in shares of Enstar Group during the 4th quarter worth approximately $32,614,000. 81.01% of the stock is currently owned by institutional investors.

Enstar Group Stock Performance

NASDAQ:ESGR traded down $0.66 during mid-day trading on Monday, hitting $333.70. 40,888 shares of the stock were exchanged, compared to its average volume of 98,760. The firm's 50-day simple moving average is $332.69 and its 200 day simple moving average is $328.18. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 5.05 and a beta of 0.56. Enstar Group Limited has a fifty-two week low of $291.90 and a fifty-two week high of $348.48. 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 posted 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.

Insider Buying and Selling at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the business's stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.00% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research note on Saturday, April 5th. They issued a "hold" rating on the stock.

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.