Enstar Group Limited (NASDAQ:ESGR) Sees Large Growth in Short Interest

Enstar Group Limited (NASDAQ:ESGR) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 143,300 shares, a growth of 27.4% from the January 31st total of 112,500 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 100,800 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enstar Group in a research report on Tuesday. They issued a “hold” rating on the stock.

Insider Transactions at Enstar Group

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Enstar Group by 7.1% during the third 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 in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in Enstar Group during the fourth quarter valued at approximately $5,346,000. Wolverine Asset Management LLC grew its position in Enstar Group by 175.3% during the fourth quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider’s stock valued at $1,370,000 after purchasing an additional 2,709 shares in the last quarter. Citigroup Inc. grew its position in Enstar Group by 10.6% during the third quarter. Citigroup Inc. now owns 12,485 shares of the insurance provider’s stock valued at $4,015,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Syquant Capital Sas purchased a new position in Enstar Group during the fourth quarter valued at approximately $5,295,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Enstar Group Stock Performance

Enstar Group stock opened at $331.20 on Friday. The firm’s 50 day simple moving average is $327.99 and its 200-day simple moving average is $324.82. The company has a market cap of $5.04 billion, a P/E ratio of 5.01 and a beta of 0.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group has a fifty-two week low of $275.02 and a fifty-two week high of $348.48.

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

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.