Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 25.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,305 shares of the insurance provider's stock after selling 2,860 shares during the quarter. Jane Street Group LLC owned about 0.05% of Enstar Group worth $2,671,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ESGR. Glazer Capital LLC acquired a new position in Enstar Group during the third quarter valued at approximately $59,941,000. Alpine Associates Management Inc. acquired a new position in shares of Enstar Group during the 3rd quarter valued at $24,465,000. Slotnik Capital LLC purchased a new stake in Enstar Group during the 3rd quarter worth $10,291,000. Dimensional Fund Advisors LP increased its holdings in Enstar Group by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider's stock valued at $242,442,000 after purchasing an additional 30,831 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Enstar Group in the second quarter valued at about $7,394,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Enstar Group Stock Down 0.3 %

Shares of ESGR traded down $0.84 during mid-day trading on Friday, reaching $321.95. 149,349 shares of the stock traded hands, compared to its average volume of 76,265. The stock has a fifty day simple moving average of $324.26 and a 200 day simple moving average of $321.63. Enstar Group Limited has a 12-month low of $262.54 and a 12-month high of $348.48. 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 firm has a market cap of $4.90 billion, a price-to-earnings ratio of 4.87 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. The firm had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Insiders Place Their Bets

In other news, Director Bernard F. Becker sold 100 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the transaction, the director now owns 2,179 shares of the company's stock, valued at approximately $704,775.76. This trade represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Enstar Group in a research report on Sunday. They issued a "hold" rating for the company.

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.