Xponance Inc. Has $293,000 Stock Position in Enstar Group Limited (NASDAQ:ESGR)

Xponance Inc. raised its position in shares of Enstar Group Limited (NASDAQ:ESGR) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 910 shares of the insurance provider’s stock after purchasing an additional 79 shares during the quarter. Xponance Inc.’s holdings in Enstar Group were worth $293,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Enstar Group by 0.3% during the third quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock worth $115,101,000 after buying an additional 1,130 shares during the period. Glazer Capital LLC bought a new stake in Enstar Group during the third quarter valued at $59,941,000. Alpine Associates Management Inc. grew its holdings in Enstar Group by 22.9% during the 4th quarter. Alpine Associates Management Inc. now owns 93,476 shares of the insurance provider’s stock worth $30,104,000 after acquiring an additional 17,400 shares during the period. Picton Mahoney Asset Management raised its position in shares of Enstar Group by 65.2% in the 4th quarter. Picton Mahoney Asset Management now owns 72,134 shares of the insurance provider’s stock worth $23,232,000 after acquiring an additional 28,476 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Enstar Group by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock valued at $12,102,000 after purchasing an additional 2,498 shares during the period. Institutional investors own 81.01% of the company’s stock.

Enstar Group Stock Down 0.4 %

Enstar Group stock opened at $332.75 on Friday. The company has a market capitalization of $4.95 billion, a PE ratio of 5.04 and a beta of 0.61. Enstar Group Limited has a 12-month low of $275.02 and a 12-month high of $348.48. The firm’s fifty day moving average is $330.26 and its 200 day moving average is $325.78. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on Enstar Group in a report on Friday. They issued a “hold” rating for the company.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the company’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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.00% of the company’s 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.