Enstar Group Limited (NASDAQ:ESGR – Get Free Report) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 62,900 shares, a drop of 9.0% from the November 15th total of 69,100 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 33,500 shares, the short-interest ratio is currently 1.9 days.
Enstar Group Stock Down 1.4 %
NASDAQ ESGR opened at $293.74 on Friday. The stock has a market cap of $4.71 billion, a PE ratio of 7.02 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.31 and a current ratio of 0.31. Enstar Group has a twelve month low of $216.65 and a twelve month high of $300.98. The firm has a 50-day simple moving average of $257.80 and a 200 day simple moving average of $253.22.
Enstar Group (NASDAQ:ESGR – Get Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The insurance provider reported $8.20 earnings per share for the quarter. The business had revenue of $155.00 million during the quarter. Enstar Group had a net margin of 65.96% and a return on equity of 20.49%.
Wall Street Analysts Forecast Growth
ESGR has been the subject of several research reports. TheStreet raised Enstar Group from a “c” rating to a “b-” rating in a research note on Monday, December 4th. StockNews.com initiated coverage on Enstar Group in a research note on Thursday, October 5th. They set a “hold” rating for the company.
Insider Activity
In other Enstar Group news, Director Poul Albaek Winslow sold 741,735 shares of Enstar Group stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $227.18, for a total value of $168,507,357.30. Following the completion of the sale, the director now directly owns 379 shares of the company’s stock, valued at approximately $86,101.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Poul Albaek Winslow sold 741,735 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $227.18, for a total value of $168,507,357.30. Following the completion of the transaction, the director now owns 379 shares of the company’s stock, valued at $86,101.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dominic Francis Mich Silvester purchased 45,000 shares of Enstar Group stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average cost of $227.18 per share, with a total value of $10,223,100.00. Following the acquisition, the chief executive officer now directly owns 146,854 shares of the company’s stock, valued at approximately $33,362,291.72. The disclosure for this purchase can be found here. Insiders own 7.20% of the company’s stock.
Hedge Funds Weigh In On Enstar Group
A number of hedge funds and other institutional investors have recently made changes to their positions in ESGR. American Century Companies Inc. increased its stake in Enstar Group by 111.7% in the 3rd quarter. American Century Companies Inc. now owns 65,727 shares of the insurance provider’s stock valued at $15,906,000 after buying an additional 34,674 shares during the last quarter. Deutsche Bank AG increased its stake in Enstar Group by 15.0% in the 3rd quarter. Deutsche Bank AG now owns 5,872 shares of the insurance provider’s stock valued at $1,421,000 after buying an additional 768 shares during the last quarter. Graham Capital Management L.P. increased its stake in Enstar Group by 32.9% in the 3rd quarter. Graham Capital Management L.P. now owns 3,475 shares of the insurance provider’s stock valued at $841,000 after buying an additional 861 shares during the last quarter. Tudor Investment Corp Et Al acquired a new stake in Enstar Group in the 3rd quarter valued at $307,000. Finally, The Manufacturers Life Insurance Company increased its stake in Enstar Group by 41.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,862 shares of the insurance provider’s stock valued at $1,661,000 after buying an additional 2,001 shares during the last quarter. 77.15% of the stock is owned by institutional investors.
Enstar Group Company Profile
Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It engages in the run-off property and casualty, and other non-life lines insurance businesses. 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.