Enstar Group Limited (NASDAQ:ESGR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of Enstar Group Limited (NASDAQ:ESGR) by 25.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,305 shares of the insurance provider’s stock after selling 2,860 shares during the period. Jane Street Group LLC owned about 0.05% of Enstar Group worth $2,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. acquired a new position in shares of Enstar Group in the 2nd quarter valued at about $31,000. GAMMA Investing LLC lifted its holdings in Enstar Group by 248.5% in the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 82 shares during the period. Blue Trust Inc. boosted its position in Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Enstar Group during the 3rd quarter valued at approximately $48,000. Finally, Longfellow Investment Management Co. LLC acquired a new position in shares of Enstar Group in the 3rd quarter valued at $50,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enstar Group in a report on Sunday. They issued a “hold” rating for the company.

Insider Transactions at Enstar Group

In related news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now directly owns 2,179 shares in the company, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.00% of the company’s stock.

Enstar Group Stock Performance

Shares of ESGR stock opened at $321.95 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. Enstar Group Limited has a 12-month low of $262.54 and a 12-month high of $348.48. The business’s 50 day moving average is $324.26 and its two-hundred day moving average is $321.51. The company has a market capitalization of $4.90 billion, a P/E ratio of 4.87 and a beta of 0.65.

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

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.