Short Interest in Enstar Group Limited (NASDAQ:ESGR) Declines By 5.1%

Enstar Group Limited (NASDAQ:ESGR) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 59,800 shares, a decline of 5.1% from the August 15th total of 63,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 121,100 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Enstar Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning increased its holdings in Enstar Group by 23.5% during the 2nd quarter. Creative Planning now owns 2,200 shares of the insurance provider’s stock worth $673,000 after purchasing an additional 419 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Enstar Group by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,184 shares of the insurance provider’s stock worth $2,196,000 after purchasing an additional 282 shares during the period. Dark Forest Capital Management LP purchased a new position in Enstar Group during the 2nd quarter worth $878,000. AQR Capital Management LLC increased its holdings in Enstar Group by 30.3% during the 2nd quarter. AQR Capital Management LLC now owns 5,963 shares of the insurance provider’s stock worth $1,823,000 after purchasing an additional 1,388 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Enstar Group by 16.5% during the 2nd quarter. Squarepoint Ops LLC now owns 7,588 shares of the insurance provider’s stock worth $2,320,000 after purchasing an additional 1,077 shares during the period. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Enstar Group in a research note on Tuesday. They set a “hold” rating on the stock.

Enstar Group Trading Up 0.7 %

Shares of NASDAQ ESGR opened at $321.10 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50 day moving average price is $324.56 and its 200-day moving average price is $309.93. Enstar Group has a fifty-two week low of $229.57 and a fifty-two week high of $348.48. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 6.23 and a beta of 0.66.

Enstar Group (NASDAQ:ESGR) last issued its quarterly earnings results on Monday, July 29th. The insurance provider reported $10.78 earnings per share for the quarter. Enstar Group had a return on equity of 18.55% and a net margin of 81.31%. The firm had revenue of $159.00 million for the quarter.

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.