Enstar Group Limited (NASDAQ:ESGR) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 1,219.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,180 shares of the insurance provider's stock after purchasing an additional 57,469 shares during the period. Schonfeld Strategic Advisors LLC owned 0.41% of Enstar Group worth $20,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL lifted its holdings in shares of 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 purchasing an additional 164,649 shares during the period. Norges Bank acquired a new stake in Enstar Group during the 4th quarter valued at approximately $42,516,000. Decagon Asset Management LLP purchased a new stake in shares of Enstar Group in the 4th quarter valued at $32,614,000. Marshall Wace LLP increased its stake in shares of Enstar Group by 869.7% in the fourth quarter. Marshall Wace LLP now owns 45,574 shares of the insurance provider's stock worth $14,677,000 after acquiring an additional 40,874 shares during the period. Finally, Picton Mahoney Asset Management raised its holdings in shares of Enstar Group by 65.2% during the fourth quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider's stock worth $23,232,000 after purchasing an additional 28,476 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company's stock.

Analyst Ratings Changes

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

Enstar Group Stock Performance

Enstar Group stock traded down $0.13 during midday trading on Friday, hitting $334.36. 75,247 shares of the company were exchanged, compared to its average volume of 98,745. Enstar Group Limited has a fifty-two week low of $291.90 and a fifty-two week high of $348.48. The firm has a market capitalization of $4.98 billion, a PE ratio of 5.06 and a beta of 0.56. The business has a fifty day simple moving average of $332.69 and a two-hundred day simple moving average of $328.12. 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 net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $240.00 million during the quarter.

Insiders Place Their Bets

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business'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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.00% of the company's stock.

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.