Readystate Asset Management LP Takes Position in Enstar Group Limited (NASDAQ:ESGR)

Readystate Asset Management LP purchased a new position in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,737 shares of the insurance provider's stock, valued at approximately $880,000.

A number of other institutional investors also recently bought and sold shares of ESGR. Sequoia Financial Advisors LLC lifted its holdings in shares of Enstar Group by 640.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider's stock valued at $8,462,000 after purchasing an additional 22,761 shares during the last quarter. Harspring Capital Management LLC increased its position in Enstar Group by 3.6% during the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider's stock worth $59,612,000 after purchasing an additional 6,750 shares during the period. Allspring Global Investments Holdings LLC increased its position in Enstar Group by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider's stock worth $126,087,000 after purchasing an additional 9,520 shares during the period. Harbor Capital Advisors Inc. increased its position in Enstar Group by 36.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 25,905 shares of the insurance provider's stock worth $8,331,000 after purchasing an additional 6,897 shares during the period. Finally, CWM LLC increased its position in Enstar Group by 57.6% during the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider's stock worth $57,000 after purchasing an additional 68 shares during the period. 81.01% of the stock is owned by hedge funds and other institutional investors.

Enstar Group Price Performance

Shares of ESGR traded down $0.38 on Thursday, reaching $326.47. The stock had a trading volume of 13,087 shares, compared to its average volume of 74,893. The firm has a market capitalization of $4.97 billion, a PE ratio of 4.95 and a beta of 0.65. 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 50-day moving average of $323.46 and a 200 day moving average of $320.22. Enstar Group Limited has a twelve month low of $262.54 and a twelve month high of $348.48.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Enstar Group in a research report on Thursday, November 28th. They set a "hold" rating on the stock.

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.