Schonfeld Strategic Advisors LLC Has $20.03 Million Position in Enstar Group Limited (NASDAQ:ESGR)

Schonfeld Strategic Advisors LLC boosted its stake in shares of Enstar Group Limited (NASDAQ:ESGR) by 1,219.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 62,180 shares of the insurance provider’s stock after acquiring an additional 57,469 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Enstar Group were worth $20,025,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ESGR. NewEdge Advisors LLC raised its holdings 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 acquiring an additional 31 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Enstar Group by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider’s stock valued at $427,000 after purchasing an additional 42 shares during the last quarter. Xponance Inc. increased its stake in shares of Enstar Group by 9.5% in the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 79 shares during the period. Swiss National Bank lifted its position in shares of Enstar Group by 0.4% during 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 boosted its stake in Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 81.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Enstar Group in a research report on Saturday, April 5th. They issued a “hold” rating on the stock.

Enstar Group Price Performance

Shares of Enstar Group stock opened at $334.50 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $4.98 billion, a PE ratio of 5.06 and a beta of 0.56. The firm has a fifty day moving average price of $332.59 and a two-hundred day moving average price of $327.90. Enstar Group Limited has a fifty-two week low of $287.99 and a fifty-two week high of $348.48.

Enstar Group (NASDAQ:ESGR) last released its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The business had revenue of $240.00 million during the quarter.

Insider Transactions at Enstar Group

In related news, Director Hiteshkumar R. Patel sold 484 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.00% of the stock is owned by insiders.

Enstar Group Company Profile

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.