4,174 Shares in Enstar Group Limited (NASDAQ:ESGR) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in Enstar Group Limited (NASDAQ:ESGR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,174 shares of the insurance provider’s stock, valued at approximately $1,344,000.

Several other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock worth $68,000 after purchasing an additional 31 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Enstar Group by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider’s stock worth $427,000 after purchasing an additional 42 shares during the last quarter. Xponance Inc. raised its position in Enstar Group by 9.5% in the 4th quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 79 shares during the last quarter. Swiss National Bank raised its position in Enstar Group by 0.4% in the 4th quarter. Swiss National Bank now owns 23,900 shares of the insurance provider’s stock worth $7,697,000 after purchasing an additional 100 shares during the last quarter. Finally, KBC Group NV raised its position in Enstar Group by 39.7% in the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Enstar Group in a report on Saturday, April 5th. They set a “hold” rating for the company.

Enstar Group Price Performance

ESGR opened at $334.72 on Wednesday. The company has a fifty day moving average price of $333.00 and a two-hundred day moving average price of $328.64. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a 52 week low of $291.90 and a 52 week high of $348.48. The firm has a market capitalization of $4.98 billion, a PE ratio of 5.07 and a beta of 0.71.

Enstar Group (NASDAQ:ESGR) last released its 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 firm had revenue of $240.00 million during the quarter.

Insider Activity

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 value of $135,938.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. 8.00% of the stock is owned by company insiders.

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.