Xponance Inc. Acquires Shares of 725 Enstar Group Limited (NASDAQ:ESGR)

Xponance Inc. acquired a new stake in Enstar Group Limited (NASDAQ:ESGR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 725 shares of the insurance provider’s stock, valued at approximately $213,000.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Enstar Group by 2,966.7% in the fourth quarter. Allworth Financial LP now owns 92 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 89 shares during the period. Neville Rodie & Shaw Inc. purchased a new position in shares of Enstar Group in the fourth quarter valued at about $221,000. SG Americas Securities LLC purchased a new position in shares of Enstar Group in the fourth quarter valued at about $288,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Enstar Group in the third quarter valued at about $253,000. Finally, PFG Investments LLC purchased a new position in shares of Enstar Group in the third quarter valued at about $315,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Price Performance

Shares of NASDAQ ESGR opened at $288.30 on Friday. Enstar Group Limited has a 1 year low of $225.81 and a 1 year high of $312.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50-day moving average is $294.73 and its 200 day moving average is $277.65. The stock has a market capitalization of $4.38 billion, a P/E ratio of 4.22 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Tuesday, February 20th. The insurance provider reported $31.02 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 78.24% and a return on equity of 24.87%. The company had revenue of $186.00 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Enstar Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th.

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.