Enstar Group (NASDAQ:ESGR) Sees Large Volume Increase – Here’s What Happened

Enstar Group Limited (NASDAQ:ESGR) saw an uptick in trading volume on Wednesday . 201,928 shares traded hands during trading, an increase of 172% from the previous session’s volume of 74,240 shares.The stock last traded at $323.50 and had previously closed at $325.06.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Enstar Group in a research report on Thursday, November 28th. They set a “hold” rating on the stock.

Enstar Group Stock Performance

The company has a 50-day simple moving average of $323.35 and a two-hundred day simple moving average of $320.17. 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 $4.98 billion, a PE ratio of 4.92 and a beta of 0.65.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 EPS for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The firm had revenue of $177.00 million for the quarter.

Institutional Trading of Enstar Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Glazer Capital LLC bought a new position in shares of Enstar Group during the 3rd quarter valued at about $59,941,000. Alpine Associates Management Inc. purchased a new stake in Enstar Group during the 3rd quarter valued at about $24,465,000. Slotnik Capital LLC purchased a new stake in Enstar Group during the 3rd quarter valued at about $10,291,000. Dimensional Fund Advisors LP boosted its holdings in Enstar Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after acquiring an additional 30,831 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in Enstar Group during the 2nd quarter valued at about $7,394,000. 81.01% of the stock is currently owned by institutional investors.

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.