Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its holdings in Enstar Group Limited (NASDAQ:ESGR) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,000 shares of the insurance provider’s stock after selling 5,500 shares during the quarter. Polar Asset Management Partners Inc. owned 0.07% of Enstar Group worth $3,220,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position 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 buying an additional 31 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Enstar Group by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider’s stock worth $427,000 after buying an additional 42 shares during the last quarter. Xponance Inc. grew its position in Enstar Group by 9.5% in the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock worth $293,000 after buying an additional 79 shares during the last quarter. Swiss National Bank grew its position in Enstar Group by 0.4% in the fourth quarter. Swiss National Bank now owns 23,900 shares of the insurance provider’s stock worth $7,697,000 after buying an additional 100 shares during the last quarter. Finally, KBC Group NV grew its position 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 buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Enstar Group Trading Down 0.1%

NASDAQ ESGR opened at $334.16 on Friday. Enstar Group Limited has a twelve month low of $291.90 and a twelve month 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. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 5.06 and a beta of 0.71. The firm’s 50 day moving average price is $333.10 and its two-hundred day moving average price is $328.74.

Enstar Group (NASDAQ:ESGR) last posted 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.

Insiders Place Their Bets

In other news, Director Hans-Peter Gerhardt sold 407 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research report on Saturday, April 5th. They set 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.