Enstar Group Limited (NASDAQ:ESGR) Short Interest Up 27.4% in February

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

Enstar Group Stock Up 0.1 %

NASDAQ ESGR traded up $0.19 during trading hours on Thursday, hitting $331.20. 140,399 shares of the company were exchanged, compared to its average volume of 117,967. The company has a 50 day moving average of $327.99 and a two-hundred day moving average of $324.82. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 5.01 and a beta of 0.64. Enstar Group has a 52-week low of $275.02 and a 52-week high of $348.48.

Enstar Group (NASDAQ:ESGR) last issued 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 for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Tuesday. They issued a “hold” rating for the company.

Insider Buying and Selling at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $323.44, for a total transaction of $32,344.00. Following the sale, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Enstar Group

A number of institutional investors and hedge funds have recently modified their holdings of ESGR. JPMorgan Chase & Co. lifted its holdings in Enstar Group by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,632 shares of the insurance provider’s stock worth $12,102,000 after buying an additional 2,498 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Enstar Group during the 4th quarter worth about $5,346,000. Wolverine Asset Management LLC lifted its stake 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 worth $1,370,000 after purchasing an additional 2,709 shares during the last quarter. Citigroup Inc. boosted its holdings in Enstar Group by 10.6% in 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 in the fourth quarter valued at approximately $5,295,000. Institutional investors and hedge funds own 81.01% of the company’s stock.

Enstar Group Company 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.