Renaissance Technologies LLC lowered its position in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 75.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,200 shares of the insurance provider's stock after selling 13,100 shares during the quarter. Renaissance Technologies LLC's holdings in Enstar Group were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in Enstar Group by 319.2% during the 3rd quarter. Barclays PLC now owns 19,524 shares of the insurance provider's stock worth $6,278,000 after purchasing an additional 14,867 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Enstar Group by 15.6% in the third quarter. Tidal Investments LLC now owns 2,295 shares of the insurance provider's stock worth $738,000 after buying an additional 310 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Enstar Group by 52.8% during the third quarter. Franklin Resources Inc. now owns 15,888 shares of the insurance provider's stock worth $5,118,000 after purchasing an additional 5,489 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider's stock worth $12,102,000 after acquiring an additional 2,498 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its holdings in Enstar Group by 2.6% in the fourth quarter. Oliver Luxxe Assets LLC now owns 6,075 shares of the insurance provider's stock worth $1,956,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 81.01% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Enstar Group in a research note on Saturday, April 5th. They set a "hold" rating for the company.
Read Our Latest Analysis on ESGR
Insiders Place Their Bets
In related news, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.00% of the stock is currently owned by insiders.
Enstar Group Stock Up 0.1 %
ESGR stock opened at $334.55 on Tuesday. The stock has a market cap of $4.98 billion, a PE ratio of 5.06 and a beta of 0.56. The firm's 50-day simple moving average is $332.53 and its 200 day simple moving average is $327.86. Enstar Group Limited has a fifty-two week low of $287.99 and a fifty-two week 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.
Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 EPS for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The company had revenue of $240.00 million for the quarter.
Enstar Group Company Profile
(
Free Report)
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.
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