ExodusPoint Capital Management LP Has $644,000 Position in Enstar Group Limited (NASDAQ:ESGR)

ExodusPoint Capital Management LP grew its stake in Enstar Group Limited (NASDAQ:ESGR) by 205.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the insurance provider’s stock after acquiring an additional 1,345 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Enstar Group were worth $644,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Key Financial Inc bought a new stake in Enstar Group in the fourth quarter valued at approximately $52,000. Vestcor Inc bought a new stake in shares of Enstar Group in the 4th quarter valued at $96,000. KBC Group NV raised 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 worth $155,000 after buying an additional 137 shares during the period. Quantbot Technologies LP bought a new position in Enstar Group during the fourth quarter worth about $171,000. Finally, R Squared Ltd bought a new position in Enstar Group during the fourth quarter worth about $174,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Stock Performance

Shares of ESGR opened at $332.89 on Friday. The firm’s 50 day moving average price is $331.57 and its two-hundred day moving average price is $326.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a twelve month low of $275.02 and a twelve month high of $348.48. The firm has a market cap of $4.96 billion, a P/E ratio of 5.04 and a beta of 0.56.

Enstar Group (NASDAQ:ESGR) last announced 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 firm had revenue of $240.00 million during the quarter.

Insider Transactions at Enstar Group

In other news, Director Hiteshkumar R. Patel sold 484 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total value of $160,770.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 8.00% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Enstar Group 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.