Enstar Group Limited (NASDAQ:ESGR - Get Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 143,300 shares, an increase of 27.4% from the January 31st total of 112,500 shares. Approximately 1.3% of the company's stock are sold short. Based on an average daily trading volume, of 100,800 shares, the days-to-cover ratio is currently 1.4 days.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Enstar Group in a report on Tuesday, March 4th. They set a "hold" rating on the stock.
Read Our Latest Analysis on ESGR
Enstar Group Stock Up 0.2 %
Shares of ESGR stock traded up $0.63 during trading hours on Friday, reaching $331.83. 121,108 shares of the stock were exchanged, compared to its average volume of 118,037. The business's fifty day moving average is $328.39 and its two-hundred day moving average is $324.93. The firm has a market capitalization of $5.05 billion, a P/E ratio of 5.02 and a beta of 0.61. Enstar Group has a 12-month low of $275.02 and a 12-month high of $348.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33.
Enstar Group (NASDAQ:ESGR - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. The business had revenue of $240.00 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 company's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now owns 2,179 shares of the company's stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by company insiders.
Institutional Trading of Enstar Group
A number of hedge funds and other institutional investors have recently bought and sold shares of ESGR. Vanguard Group Inc. increased its holdings in shares of Enstar Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 1,161,518 shares of the insurance provider's stock valued at $374,067,000 after acquiring an additional 3,081 shares during the last quarter. State Street Corp boosted its holdings in Enstar Group by 0.3% in the third quarter. State Street Corp now owns 357,912 shares of the insurance provider's stock valued at $115,101,000 after purchasing an additional 1,130 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in Enstar Group by 175.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 258,275 shares of the insurance provider's stock valued at $83,177,000 after purchasing an additional 164,649 shares during the last quarter. FIL Ltd raised its holdings in Enstar Group by 6.2% during the fourth quarter. FIL Ltd now owns 249,790 shares of the insurance provider's stock worth $80,445,000 after purchasing an additional 14,475 shares in the last quarter. Finally, Glazer Capital LLC purchased a new stake in shares of Enstar Group during the 3rd quarter worth approximately $59,941,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.
About Enstar Group
(
Get 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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