Schonfeld Strategic Advisors LLC Raises Position in Enstar Group Limited (NASDAQ:ESGR)

Schonfeld Strategic Advisors LLC lifted its stake in Enstar Group Limited (NASDAQ:ESGR) 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 approximately 0.41% of Enstar Group worth $20,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Key Financial Inc bought a new position in Enstar Group during the 4th quarter worth approximately $52,000. NewEdge Advisors LLC lifted its stake in Enstar Group by 17.1% during 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 last quarter. Vestcor Inc acquired a new position in Enstar Group in the fourth quarter worth $96,000. Sterling Capital Management LLC increased its stake in Enstar Group by 825.0% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 363 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Enstar Group by 39.7% during 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 hedge funds and other institutional investors.

Enstar Group Stock Down 0.0 %

Shares of Enstar Group stock opened at $334.50 on Wednesday. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 5.06 and a beta of 0.56. Enstar Group Limited has a twelve month low of $287.99 and a twelve month high of $348.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $332.59 and its 200-day simple moving average is $327.90.

Enstar Group (NASDAQ:ESGR) last issued its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share 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%.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the company’s stock in a transaction 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 SEC, which is accessible through this link. 8.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.