Jane Street Group LLC bought a new position in Enstar Group Ltd. (NASDAQ:ESGR) during the third quarter, HoldingsChannel reports. The institutional investor bought 2,012 shares of the insurance provider’s stock, valued at approximately $420,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in ESGR. Parallel Advisors LLC purchased a new position in shares of Enstar Group in the 3rd quarter worth about $100,000. Commonwealth Bank of Australia purchased a new position in shares of Enstar Group in the 3rd quarter worth about $166,000. Virtu Financial LLC purchased a new position in shares of Enstar Group in the 3rd quarter worth about $234,000. Evercore Wealth Management LLC purchased a new position in shares of Enstar Group in the 3rd quarter worth about $252,000. Finally, Manning & Napier Group LLC purchased a new position in shares of Enstar Group in the 3rd quarter worth about $323,000. Institutional investors and hedge funds own 70.63% of the company’s stock.
A number of research firms have recently issued reports on ESGR. BidaskClub cut Enstar Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. TheStreet cut Enstar Group from a “b” rating to a “c+” rating in a report on Wednesday, October 24th.
Shares of ESGR stock opened at $169.28 on Friday. The stock has a market cap of $3.63 billion, a P/E ratio of 22.03 and a beta of 0.79. Enstar Group Ltd. has a 1-year low of $150.32 and a 1-year high of $223.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 1.06.
Enstar Group (NASDAQ:ESGR) last issued its earnings results on Thursday, November 8th. The insurance provider reported ($0.12) earnings per share for the quarter. The company had revenue of $352.52 million for the quarter. Enstar Group had a net margin of 8.66% and a return on equity of 4.81%.
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Enstar Group Profile
Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.
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