Enstar Group (NASDAQ:ESGR) Sees Large Volume Increase

Enstar Group Limited (NASDAQ:ESGRGet Rating) shares saw unusually-high trading volume on Friday . Approximately 3,650 shares traded hands during trading, a decline of 93% from the previous session’s volume of 53,038 shares.The stock last traded at $203.32 and had previously closed at $202.62.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Enstar Group in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

Enstar Group Stock Down 0.5 %

The business’s 50 day moving average is $190.99 and its 200-day moving average is $202.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of -3.03 and a beta of 0.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ESGR. Capital Research Global Investors acquired a new position in Enstar Group in the 1st quarter valued at $29,249,000. Point72 Asset Management L.P. grew its stake in Enstar Group by 99.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 51,528 shares of the insurance provider’s stock valued at $11,026,000 after buying an additional 25,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Enstar Group by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 632,362 shares of the insurance provider’s stock valued at $165,138,000 after purchasing an additional 19,756 shares during the period. Vanguard Group Inc. boosted its holdings in Enstar Group by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,099,921 shares of the insurance provider’s stock valued at $186,536,000 after purchasing an additional 17,369 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Enstar Group in the 1st quarter valued at $4,413,000. 68.25% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Company Profile

(Get Rating)

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It engages in the run-off property and casualty, and other non-life lines insurance businesses. 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.

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