ClearAlpha Technologies LP Invests $1.98 Million in Enstar Group Limited (NASDAQ:ESGR)

ClearAlpha Technologies LP acquired a new stake in Enstar Group Limited (NASDAQ:ESGR) during the third quarter, Holdings Channel.com reports. The fund acquired 6,159 shares of the insurance provider’s stock, valued at approximately $1,981,000. Enstar Group makes up approximately 0.6% of ClearAlpha Technologies LP’s holdings, making the stock its 26th biggest position.

Other institutional investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new position in Enstar Group during the second quarter worth about $31,000. GAMMA Investing LLC boosted its position in Enstar Group by 248.5% during the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after buying an additional 82 shares during the period. Blue Trust Inc. grew its position in shares of Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after buying an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Enstar Group during the third quarter valued at about $48,000. Finally, Longfellow Investment Management Co. LLC bought a new stake in shares of Enstar Group in the 3rd quarter worth approximately $50,000. Institutional investors own 81.01% of the company’s stock.

Enstar Group Price Performance

Enstar Group stock opened at $324.70 on Monday. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 4.92 and a beta of 0.65. 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’s fifty day moving average is $323.16 and its 200 day moving average is $319.95. Enstar Group Limited has a 52-week low of $262.54 and a 52-week high of $348.48.

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Enstar Group in a research note on Thursday. They set a “hold” rating for the company.

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.